Matthew McConaughey and his girlfriend Camila Alves will be $3 million richer after selling the first photos of their baby son Levi to a magazine, according to reports.

The couple welcomed the tot at a Los Angeles hospital on Monday, and has agreed to a deal with OK!, who will publish the baby boy's first exclusive pictures, reports website TMZ.com.

The agreement is also said to include the baby's first Christmas with the family and will grant the magazine first rights to wedding photos, should McConaughey and Alves walk down the aisle.

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(This news article provided by World Entertainment News Network)