• Share
  • Tweet
  • Share
Tyra Banks

Frazer Harrison/Getty Images for The Hollywood Reporter

Tyra Banks may have lost two shows (America's Next Top Model and FABLife), but she's not disappearing from your TV anytime soon. The model mogul has joined NBC's Celebrity Apprentice where she'll serve alongside new host Arnold Schwarzenegger. Banks will be taking over and adviser role, like Ivanka Trump had on Donald Trump's version of the show.

Banks isn't the only famous face stepping into the boardroom to help mentor the contestants. Warren Buffett, described as an "investment guru" by NBC, former Microsoft CEO and Los Angeles Clippers owner Steve Ballmer and actress Jessica Alba, the founder and CCO of the Honest Company and Honest Beauty, will join Banks and Schwarzenegger's nephew, prominent entertainment attorney Patrick Knapp Schwarzenegger, in dealing with the celebrity contestants.

In addition to her TV roles, Banks is the CEO of Tyra Banks Company and cosmetics brand and TYRA Beauty.

Celebrity Apprentice isn't the only new thing in Banks' life. The supermodel announced Wednesday that she and boyfriend Erik Asla welcomed a son, York Banks Asla, via a surrogate.

"The best present we worked and prayed so hard for is finally here," Banks shared on Instagram. "He's got my fingers and big eyes and his daddy Erik's mouth and chin. As we thank the angel of a woman that carried our miracle baby boy for us, we pray for everyone who struggles to reach this joyous milestone. York Banks Asla, welcome to the world."

A baby and new job are just a few of the changes in Banks' life. Her reality series, America's Next Top Model, ended its run on The CW in December, but it may not be the end for good. Banks posted an emotional goodbye to the series that produced close to 300 episodes and lasted 22 cycles and 13 years and shortly after the end of the series was announced, Deadline reported talks about reviving the show on another platform were already happening.

NBC's Celebrity Apprentice will premiere on NBC at a later date.

(E! and NBC are both part of the NBCUniversal family.)

PHOTOS: Ranking all the Top Model winners