Current:Home > InvestWhy RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday -Pinnacle Profit Strategies
Why RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday
View
Date:2025-04-14 02:54:27
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! (4424)
Related
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Dakota Pipeline Was Approved by Army Corps Over Objections of Three Federal Agencies
- Brothers Forever: The Making of Paul Walker and Vin Diesel's Fast Friendship
- Solar Energy Surging in Italy, Outpacing U.S.
- A White House order claims to end 'censorship.' What does that mean?
- J. Harrison Ghee, Alex Newell become first openly nonbinary Tony winners for acting
- Judge Fails to Block Dakota Pipeline Construction After Burial Sites Destroyed
- U.S. Solar Industry Fights to Save Controversial Clean Energy Grants
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Climate Costs Rise as Amazon, Retailers Compete on Fast Delivery
Ranking
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Transcript: North Dakota Gov. Doug Burgum on Face the Nation, June 11, 2023
- Native American Pipeline Protest Halts Construction in N. Dakota
- The Twisted Story of How Lori Vallow Ended Up Convicted of Murder
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Law requires former research chimps to be retired at a federal sanctuary, court says
- Today’s Climate: September 15, 2010
- Supreme Court won't review North Carolina's decision to reject license plates with Confederate flag
Recommendation
Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
Today’s Climate: September 23, 2010
The Twisted Story of How Lori Vallow Ended Up Convicted of Murder
LeBron James' Wife Savannah Explains Why She's Stayed Away From the Spotlight in Rare Interview
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
You can order free COVID tests again by mail
JPMorgan reaches $290 million settlement with Jeffrey Epstein victims
6 shot in crowded Houston parking lot after disturbance in nightclub, police say