Current:Home > ContactWhy RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday -FinanceCore
Why RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday
View
Date:2025-04-15 18:40:11
It pays to have a mom like Phaedra Parks—literally!
The Real Housewives of Atlanta alum recently revealed the extravagant gift she gave her oldest son, Ayden, for his 13th birthday back in May.
"He said for his birthday he either wanted a dirt bike or a way to make money," the reality star told People in an interview published June 30. "And so I said, 'Well definitely not gonna give you a dirt bike to kill yourself. I will give you $150,000 for you to buy a piece of property.' And so now he's basically trying to figure out if he wants to do a little multi-unit duplex, you know, his own little rental properties."
According to Phaedra, the teen has been interested in building his personal wealth for years.
"Ayden is big into cryptocurrency and big into researching how to become a millionaire before he is 25," she explained. "And so he's been talking about getting investment properties."
And her 10-year-old Dylan is following in his big brother's financial footsteps, as she added, "Both my sons love anything about making money in cryptocurrency."
Though Phaedra joked Ayden and Dylan "can be a bit bougie" at times, she noted, "They have great manners. I'm very proud to call them mine."
While Ayden's gift might seem over-the-top, Phaedra says she's proud to pass along generational wealth to her sons.
"I come from a middle-class family of educators," she shared. "However, they didn't have the type of income that I have. So while they probably would have wanted to able to do that, they didn't have the means to give a kid $150,000 to buy something. It just wasn't like that back then, especially for people of color."
Besides passing along financial stability, Phaedra also shared the three rules she's instilled in her kids: "Be respectful of adults, clean up behind yourself and be grateful."
(E! and Bravo are both part of the NBCUniversal family)
Peacock is live now! Check out NBCU's streaming service here.veryGood! (45)
Related
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Zoo pulls 70 coins from alligator's stomach, urges visitors not to throw money into exhibits
- Get Caught Up in Sydney Sweeney's Euphoric People's Choice Awards 2024 Outfit
- FDA approves a drug to treat severe food allergies, including milk, eggs and nuts
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- European Space Agency predicts when dead satellite likely to return to Earth
- Premier Lacrosse League Championship Series offers glimpse at Olympic lacrosse format
- Rooney Mara Is Pregnant, Expecting Baby No. 2 With Joaquin Phoenix
- What to watch: O Jolie night
- Chris Brown says he was disinvited from NBA All-Star Celebrity Game due to controversies
Ranking
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- What to know about the debut of Trump's $399 golden, high-top sneakers
- NBA All-Star Game highlights: East dazzles in win over West as Damian Lillard wins MVP
- ‘Oppenheimer’ aims for a record haul as stars shine at the British Academy Film Awards
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- 200-ft radio tower stolen in Alabama: Station's GM speaks out as police investigate
- 1 dead, 5 others injured in early morning shooting at Indianapolis Waffle House
- Inside the arrest of Nevada public official Robert Telles
Recommendation
All That You Wanted to Know About She’s All That
You Know You Love Every Time Blake Lively and Ryan Reynolds Trolled Each Other
Virginia bank delays plans to auction land at resort owned by West Virginia governor’s family
A Second Wind For Wind Power?
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
TikTok star Oliver Mills talks getting Taylor Swift's '22' hat at Eras Tour in Melbourne
‘Bob Marley: One Love’ stirs up $27.7M weekend, ‘Madame Web’ flops
Celebrate Presidents Day by learning fun, interesting facts about US presidents