Current:Home > FinanceWhy RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday -Golden Summit Finance
Why RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday
View
Date:2025-04-20 11:43:26
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! (915)
Related
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- California Democrats meet to consider endorsement in US Senate race ahead of March primary
- French Holocaust survivors are recoiling at new antisemitism, and activists are pleading for peace
- COMIC: What it's like living with an underactive thyroid
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- For this group of trans women, the pope and his message of inclusivity are a welcome change
- 4 killed in South Carolina when vehicle crashes into tree known as ‘The Widowmaker’
- No turkey needed: How to make a vegetarian Thanksgiving spread, including the main dish
- Nevada attorney general revives 2020 fake electors case
- Extreme weather can hit farmers hard. Those with smaller farming operations often pay the price
Ranking
- Tom Holland's New Venture Revealed
- Judge rejects Trump motion for mistrial in New York fraud case
- Arkansas man used losing $20 scratch-off ticket to win $500,000 in play-it-again game
- Sean 'Diddy' Combs, Cassie settle bombshell lawsuit alleging rape, abuse, sex trafficking
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Secondary tickets surge for F1 Las Vegas Grand Prix, but a sellout appears unlikely
- Cook drives No. 11 Missouri to winning field goal with 5 seconds left for 33-31 victory over Florida
- 'An absolute farce': F1 fans, teams react to chaotic Las Vegas Grand Prix
Recommendation
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Taylor Swift Postpones Second Brazil Concert Due to Extreme Temperatures and After Fan's Death
COMIC: What it's like living with an underactive thyroid
The NBA is making Hornets star LaMelo Ball cover up his neck tattoo. Here's why.
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
Ukraine’s troops work to advance on Russian-held side of key river after gaining footholds
Florida State QB Jordan Travis cheers on team in hospital after suffering serious injury
A Canadian security forum announces it will award the people of Israel for public service leadership