Current:Home > MyWhy RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday -MoneyBase
Why RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday
View
Date:2025-04-22 04:20:40
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! (91257)
Related
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- A record number of Americans may fly this summer. Here's everything you need to know
- When it Comes to Reducing New York City Emissions, CUNY Flunks the Test
- US Emissions Surged in 2021: Here’s Why in Six Charts
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Score Up to 60% Off On Good American Jeans, Dresses, and More At Nordstrom Rack
- Racing Driver Dilano van ’T Hoff’s Girlfriend Mourns His Death at Age 18
- Ubiquitous ‘Forever Chemicals’ Increase Risk of Liver Cancer, Researchers Report
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- What to know about the federal appeals court hearing on mifepristone
Ranking
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Elizabeth Holmes loses her latest bid to avoid prison
- Kendall Jenner and Ex Devin Booker Attend Same Star-Studded Fourth of July Party
- Study Underscores That Exposure to Air Pollution Harms Brain Development in the Very Young
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Too Hot to Work, Too Hot to Play
- Durable and enduring, blue jeans turn 150
- You Won't Believe How Much Gymnast Olivia Dunne Got Paid for One Social Media Post
Recommendation
Dick Vitale announces he is cancer free: 'Santa Claus came early'
Kathy Hilton Shares Cryptic Message Amid Sister Kyle Richards and Mauricio Umansky Divorce Rumors
A Pipeline Giant Pleads ‘No Contest’ to Environmental Crimes in Pennsylvania After Homeowners Complained of Tainted Water
What you need to know about the debt ceiling as the deadline looms
What do we know about the mysterious drones reported flying over New Jersey?
Green energy gridlock
Rosie O'Donnell Shares Update on Madonna After Hospitalization
Federal inquiry details abuses of power by Trump's CEO over Voice of America