May 2, 2015 12:56 PM

Duke and Duchess of Cambridge welcome new baby girl to the world

Prince William and Kate welcome their 8 pound 3 ounce daughter to the world Saturday morning.

Fourth in line to the throne and the Queen’s fifth great-grandchild, the new Princess will be the highest ranking female in line to the throne.

The announcement of her birth was greeted by cheers from royal fans outside their private Lindo Wing at St Mary’s hospital in London.

"I'm top of the world," said royal camper Terry Hutt, 80." He said he did not expect the birth to happen as soon as it did.

"If Diana was here, she'd be very, very proud," he added, referring to the late Princess Diana, William's mother.

The palace stated that Kate and her new baby girl were doing well. Prince William was present for the birth and was "very happy". He smiled broadly and waved at the crowds outside the hospital before driving away to pick up the new Princess' older brother, George.

A name for the new royal baby has not yet been released to the public but many fans are betting on what it will be. Alice and Charlotte are some of the top favorites, followed by Elizabeth, Victoria and Diana - all names with strong connections to royal tradition.

Facebook's live feed and Twitter have been posting non-stop as people all around the world are buzzing about the news:


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