Current:Home > NewsWhy 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:2025-04-11 12:46:43
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! (657)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- New Mexico officer killed in stabbing before suspect is shot and killed by witness, police say
- The San Francisco 49ers lost Super Bowl 58. What happens to the championship shirts, hats?
- Wreck of ship that sank in 1940 found in Lake Superior
- Current, future North Carolina governor’s challenge of power
- Usher reflecting on history of segregation in Las Vegas was best Super Bowl pregame story
- 'Next level tantruming:' Some 49ers fans react to Super Bowl loss by destroying TVs
- Who has the most Super Bowl wins? The teams and players with the most rings in NFL history
- Meta releases AI model to enhance Metaverse experience
- How to cook corned beef: A recipe (plus a history lesson) this St. Patrick's Day
Ranking
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- White House to require assurances from countries receiving weapons that they're abiding by U.S. law
- You Might've Missed This Sweet Moment Between Taylor Swift and Travis Kelce's Mom During Super Bowl Win
- Popular online retailer Temu facing a class-action lawsuit in Illinois over data privacy concerns
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Hailey Bieber Debuts Hair Transformation at the 2024 Super Bowl
- Wreck of ship that sank in 1940 found in Lake Superior
- Super Bowl 58 bets gone wrong: From scoreless Travis Kelce to mistake-free Brock Purdy
Recommendation
A White House order claims to end 'censorship.' What does that mean?
You Might've Missed This Sweet Moment Between Taylor Swift and Travis Kelce's Mom During Super Bowl Win
Judge orders Elon Musk to testify in SEC probe of his $44 billion Twitter takeover in 2022
Retired AP photographer Lou Krasky, who captured hurricanes, golf stars and presidents, has died
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
What is breadcrumbing? Paperclipping? Beware of these toxic viral dating trends.
Woman slain by officers after opening fire in Osteen megachurch in Houston; child critical
Steve Ostrow, who founded famed NYC bathhouse the Continental Baths, dies at 91