Current:Home > MarketsWhy RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday -MoneySpot
Why RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday
View
Date:2025-04-26 06:37:54
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! (84)
Related
- Rylee Arnold Shares a Long
- Gabourey Sidibe Shares Sweet Photo of Her 4-Month-Old Twin Babies
- Oklahoma city approves $7M settlement for man wrongfully imprisoned for decades
- Never seen an 'Alien' movie? 'Romulus' director wants to scare you most
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Matthew Perry Investigation: Authorities Reveal How 5 Defendants Took Advantage of Actor's Addiction
- Usher Cancels Atlanta Concert Hours Before Show to Rest and Heal
- Police identify suspect in break-in of Trump campaign office in Virginia
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- The wife of Republican Wisconsin US Senate candidate Hovde takes aim at female Democratic incumbent
Ranking
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Stuffed or real? Photos show groundhog stuck inside claw machine
- Matthew Judon trade winners, losers and grades: How did Patriots, Falcons fare in deal?
- Austin Dillon loses automatic playoff berth for actions in crash-filled NASCAR win
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Jordan Chiles Breaks Silence on Significant Blow of Losing Olympic Medal
- Jordan Chiles Breaks Silence on Significant Blow of Losing Olympic Medal
- Never seen an 'Alien' movie? 'Romulus' director wants to scare you most
Recommendation
In ‘Nickel Boys,’ striving for a new way to see
How 'Millionaire' host Jimmy Kimmel helped Team Barinholtz win stunning top prize
Housing costs continue to drive inflation even as food price hikes slow
A slain teacher loved attending summer camp. His mom is working to give kids the same opportunity
'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
Alec Baldwin’s Rust Director Joel Souza Says On-Set Shooting “Ruined” Him
What to stream: Post Malone goes country, Sydney Sweeney plays a nun and Madden 25 hits the field
Justice Department defends Boeing plea deal against criticism by 737 Max crash victims’ families