Current:Home > FinanceWhy RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday -Zenith Investment School
Why RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday
View
Date:2025-04-17 13:39:39
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! (21325)
Related
- New data highlights 'achievement gap' for students in the US
- Underwater tunnel to Manhattan leaks after contractor accidentally drills through it
- Donald Trump’s youngest son has enrolled at New York University
- Lady Gaga and Fiancé Michael Polansky Share Rare Insight Into Their Private World
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- An appeals court upholds a ruling that an online archive’s book sharing violated copyright law
- Debate Flares Over Texas’ Proposed Oil and Gas Waste Rule
- Chargers QB Justin Herbert one of NFL’s best leaders? Jim Harbaugh thinks so
- Trump issues order to ban transgender troops from serving openly in the military
- Jury selection will begin in Hunter Biden’s tax trial months after his gun conviction
Ranking
- Meta releases AI model to enhance Metaverse experience
- YouTuber Paul Harrell Announces His Own Death at 58
- Rory McIlroy, Scottie Scheffler to face Bryson DeChambeau, Brooks Koepka in TV battle
- Steward CEO says he won’t comply with Senate subpoena on hospital closings
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- No-hitter! Cubs make history behind starter Shota Imanaga vs. Pirates
- The arrest of a former aide to NY governors highlights efforts to root out Chinese agents in the US
- Rail Ridge wildfire in Oregon consumes over 60,000 acres; closes area of national forest
Recommendation
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
A Minnesota man whose juvenile murder sentence was commuted is found guilty on gun and drug charges
Voting-related lawsuits filed in multiple states could be a way to contest the presidential election
Americans who have a job are feeling secure. Not so for many who are looking for one
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
John Stamos Reveals Why He Was Kicked Out of a Scientology Church
Ugandan Olympic athlete dies after being severely burned by her partner over a land dispute
Alaska law saying only doctors can provide abortions is unconstitutional, judge rules