Current:Home > reviewsWhy RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday -NextFrontier Finance
Why RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday
View
Date:2025-04-17 19:01:58
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! (7478)
Related
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- NFL preseason winners, losers: Trey Lance remains a puzzle for Cowboys
- How many points did Caitlin Clark score today? Fever rookie finally loses in Minnesota
- America's newest monuments unveil a different look at the nation's past
- Highlights from Trump’s interview with Time magazine
- Tennessee Republican leaders threaten to withhold funds as Memphis preps to put guns on the ballot
- Police investigate deaths of 5 people in New York City suburb
- The Sweet Detail Justin Bieber Chose for Baby Jack's Debut With Hailey Bieber
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- These Wizard of Oz Secrets Will Make You Feel Right at Home
Ranking
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Louisville officer involved in Scottie Scheffler’s arrest charged with stealing from suspect
- Dr. Anthony Fauci recovering after hospitalization from West Nile virus
- Cucho Hernandez leads Columbus Crew to Leagues Cup title
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Kate Middleton Makes Rare Appearance With Royal Family to Attend Church Service
- Timeline of Gateway Church exodus, allegations following claims against Robert Morris
- Dallas Cowboys CB DaRon Bland out with stress fracture in foot, needs surgery
Recommendation
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
Alaska governor declares disaster following landslide in Ketchikan
These proud conservatives love wind turbines and solar power. Here's why.
Hone swirls past Hawaii’s main islands after dumping enough rain to ease wildfire fears
US appeals court rejects Nasdaq’s diversity rules for company boards
Judge to hear arguments over whether to dismiss Arizona’s fake elector case
Lando Norris outruns Max Verstappen to win F1 Dutch Grand Prix
What to know about the heavy exchange of fire between Israel and Lebanon’s Hezbollah