Current:Home > FinanceWhy RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday -Global Capital Summit
Why RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday
View
Date:2025-04-12 11:18:17
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! (49)
Related
- Trump's 'stop
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Questlove charts 50 years of SNL musical hits (and misses)
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Military service academies see drop in reported sexual assaults after alarming surge
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
Ranking
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Military service academies see drop in reported sexual assaults after alarming surge
- A South Texas lawmaker’s 15
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- All That You Wanted to Know About She’s All That
- All That You Wanted to Know About She’s All That
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Recommendation
Could your smelly farts help science?
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
Don't let hackers fool you with a 'scam
Arkansas State Police probe death of woman found after officer
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel