Current:Home > InvestWhy RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday -ProfitLogic
Why RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday
Fastexy Exchange View
Date:2025-04-07 14:02:30
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! (7882)
Related
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Long Beach man who stabbed mother with kitchen knife dies after police shooting
- Massachusetts to begin denying shelter beds to homeless families, putting names on a waitlist
- Ohio legalizes marijuana, joining nearly half the US: See the states where weed is legal
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Summer House's Lindsay Hubbard Details Dramatic 24 Hours Before Carl Radke's On-Camera Breakup
- Texas inmate who says death sentence based on false expert testimony faces execution
- Mean Girls Clip Reveals Who Gretchen Wieners Married
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Never have I ever
Ranking
- Trump's 'stop
- Mount St. Helens records more than 400 earthquakes since mid-July, but no signs of imminent eruption
- Why Ariana Madix Was Shocked by Intense Vanderpump Rules Season 11 Teaser at BravoCon
- Report: Michigan says Rutgers, Ohio State shared its signs before 2022 Big Ten title game
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Ohtani free agency sweepstakes off to a clandestine start at MLB’s general manager meetings
- Kosovo says it is setting up an institute to document Serbia’s crimes in the 1998-1999 war
- Florida wraps up special session to support Israel as DeSantis campaigns for president
Recommendation
DoorDash steps up driver ID checks after traffic safety complaints
Tennessee’s long rape kit processing times cut in half after jogger’s 2022 killing exposed delays
When is Aaron Rodgers coming back? Jets QB's injury updates, return timeline for 2023
Zac Efron, Octavia Spencer and More Stars React to SAG-AFTRA Strike Ending After 118 Days
Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
FDA investigating reports of hospitalizations after fake Ozempic
Ex-worker’s lawsuit alleges music mogul L.A. Reid sexually assaulted her in 2001
Biden administration picks Maryland for new FBI headquarters, AP sources say