EXCLUSIVE: Tyra Banks Says Being a New Mom is 'Heaven,' Praises 'Empowering' Boyfriend Erik Asla

The Tyra Beauty makeup mogul spoke with ET about her new cosmetics company, her adorable baby boy and her photographer beau.

Tyra Banks has long been one of the most recognizable supermodels in the world, and now she's setting her sights on becoming one of the biggest makeup moguls as well with her cosmetics line, Tyra Beauty.

"We are making people be their own bosses," Banks told ET's Kevin Frazier in an exclusive interview on Wednesday. "I have people that come and join our army of beautytainers and they're making their money, they're doing their thing. Some are retiring their husbands, some are just having a little extra spending money, but I really want to empower people to be the CEOs of their lives."

WATCH: Tyra Banks Explains Why Rita Ora Is the 'Perfect' New 'ANTM' Host

For Banks, being her own boss has been something she's worked toward for years, and the 42-year-old TV personality and fashion maven says she finds herself running her branded empire from home more often than ever before while taking care of her 6-month-old son, York.

Banks told ET that life since welcoming her son has been "heaven," even when he tires her out.

"Even just last night, I picked him up out of his crib ... and I'm like, 'I know I'm not supposed to, he's sleeping all night,' but I just picked him up and I just held him for 20 minutes at three in the morning, knowing I had to be here bright eyed for a photoshoot,” she gushed of her baby boy. "It's that love."

WATCH: Tyra Banks Shares First Photo of Baby York

Banks also marveled at how her Tyra Beauty team has dealt with her absence as she raises York with her boyfriend, Erik Asla.

"My team is very empowered and we're doing really well. Even when he was born, we were doing so well and I wasn't even there," Banks recounted. "It just goes to show, surround yourself with really strong people and empower them and they can really truly be successful."

WATCH: 7 Things to Know About Tyra Banks' Boyfriend (and Baby Daddy) Erik Asla

One person she's enjoyed surrendering herself is Asla, who is also Banks' most trusted photographer.

"It's so nice to be able to do things together. Because we love each other, I can be like, 'I hate this shot, what is this?' and he can be like, 'You stand there and you stare into my camera.' I'm like, 'I don't want to!' and he's like 'You stay there!'” Banks shared “I would never let some photographer talk to me that way, and he would never let some model talk to him that way, but because we're family it's easy."

The former America's Next Top Model host also addressed her recent op-ed, about the so-called "model wars" between older and younger generations of supermodels who have been publically slamming each other in recent months.

WATCH: Tyra Banks Defends Kendall Jenner and Gigi Hadid Against Comments That They're 'Not True Supermodels'

"There's ways of doing it traditionally and there's ways of doing it non-traditionally and we have to embrace it all," Banks said of the difficult industry. "But, I also warn the models of now, the supermodels of now, that they're going to be pissed in thirty years."

"Change makes people pissed. But we need to accept it," she added. Check out the video below for more from Banks on the in-fighting amongst her peers.
See more of her exclusive interview on Friday's Entertainment Tonight. Check here for local listings.

Banks will be at Beautycon Festival LA all this weekend.

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