The music mogul has revealed he wants to name his first child with socialite Lauren Silverman after his favourite person in the world - himself.
He told Extra's Terri Seymour: "My number one choice is Simon because I like the name."
However, the 54-year-old star showed off his softer side by admitting his second choice was Eric in honour of his late father, who would have been "very proud" to have a grandson.
Simon added: "His birthday is going to be very close to my dad's birthday."
The X Factor boss is hopeful his son will follow in his footsteps by taking over multi-million dollar music empire, allowing him to finally retire.
He confessed: "I want to teach him how to do my job as quickly as possible. I want to pass the reins over. I really would like the idea of teaching him how to run the business."
The outspoken Brit insists he won't be reading any self-help books on fatherhood and will take a laid-back approach to parenting.
Discussing his child-rearing philosophy, Simon said: "Be cool about it. You know, don't worry about things too much. The way me and my brother were brought up, I mean, it was kind of relaxed. There were no self-help books or any of that crazy stuff."
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