Current:Home > reviewsWhy RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday -TrueNorth Capital Hub
Why RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday
View
Date:2025-04-25 19:43:37
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! (2681)
Related
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Detroit-area man convicted of drowning his 4 children in car in 1989 seeks release from prison
- Oakland extends Kentucky's NCAA Tournament woes with massive March Madness upset
- 3rd suspect in Kansas City parade shooting charged with murder, prosecutors announce
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Gisele Bündchen Details Battle With Severe Panic Attacks and Depression in Her 20s
- No. 11 Oregon stays hot and takes out South Carolina in another NCAA Tournament upset
- California Democratic lawmakers seek ways to combat retail theft while keeping progressive policy
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Deep Red
Ranking
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Detroit-area man convicted of drowning his 4 children in car in 1989 seeks release from prison
- Idaho suspected shooter and escaped inmate both in custody after manhunt, officials say
- New York Mets to sign J.D. Martinez, make big splash late to bolster lineup
- The Super Bowl could end in a 'three
- Mauricio Umansky explains split with Kyle Richards, talks Emma Slater rumors: 'No infidelity'
- Facebook owner, Microsoft, X and Match side with Epic Games in Apple lawsuit
- Trump's campaign, fundraising arms spent over $10 million on legal fees in 2024, as Biden spends on ads, new staff
Recommendation
Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
Family of autistic California teen killed by deputies files wrongful death claim
Carlee Russell, Alabama woman who faked her own kidnapping, gets probation for hoax
Trump could score $3.5 billion from Truth Social going public. But tapping the money may be tricky.
Global Warming Set the Stage for Los Angeles Fires
Detroit Lions release CB Cam Sutton after alleged domestic violence incident
Idaho manhunt: Escaped Idaho inmate's handcuffs tie him to double-murder scene, police say
Requiring ugly images of smoking’s harm on cigarettes won’t breach First Amendment, court says