Current:Home > MyWhy RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday -WealthPro Academy
Why RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday
View
Date:2025-04-17 06:35:54
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! (77288)
Related
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Terrence Shannon Jr. case shows how NIL can increase legal protection for college athletes
- Punxsutawney Phil is a dad! See the 2 groundhog pups welcomed by Phil and his wife, Phyllis
- Tank complex that leaked, polluting Pearl Harbor's drinking water has been emptied, military says
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- TikTok artist replicates 21 Eras Tour stadiums where Taylor Swift has performed
- Federal appeals court keeps hold on Texas' sweeping immigration in new ruling
- Insurers could face losses of up to $4 billion after Baltimore bridge tragedy
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Score 60% off Lounge Underwear and Bras, $234 Worth of Clinique Makeup for $52, and More Deals
Ranking
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Florence Pugh gives playful sneak peek at 'Thunderbolts' set: 'I can show you some things'
- Four students arrested and others are suspended following protest at Vanderbilt University
- I'm a Realtor. NAR settlement may not be as good for home buyers and sellers as they think.
- Skins Game to make return to Thanksgiving week with a modern look
- Best, worst moves of NFL free agency 2024: Which signings will pay off? Which will fail?
- Joe Lieberman, longtime senator and 2000 vice presidential nominee, dies at 82
- NFL’s newest owner joins the club of taking stock of low grades on NFLPA report card
Recommendation
Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
Down ACC? Think again. Conference reminding all it's still the king of March Madness.
Biden administration restores threatened species protections dropped by Trump
Civil rights icon Malcolm X gets a day of recognition in Nebraska, where he was born in 1925
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
Kenan Thompson calls for 'accountability' after 'Quiet on Set' doc: 'Investigate more'
Four students arrested and others are suspended following protest at Vanderbilt University
Biden fundraiser in NYC with Obama, Clinton nets a whopping $25M, campaign says. It’s a new record