Current:Home > FinanceWhy RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday -CapitalCourse
Why RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday
View
Date:2025-04-13 07:56:13
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! (65882)
Related
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- France’s top body rejects contention by campaigners that racial profiling by police is systemic
- Ben & Jerry's is switching to oat-based recipe for non-dairy products starting in 2024
- Suspect in pro cyclist’s shooting in Texas briefly runs from officers at medical appointment
- Why members of two of EPA's influential science advisory committees were let go
- Black student suspended over his hairstyle to be sent to an alternative education program
- 2023 Fat Bear Week has crowned its winner – a queen that's thicker than a bowl of oatmeal
- How Val Chmerkovskiy Feels About Being in Throuple With Wife Jenna Johnson and Tyson Beckford
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Henry Golding and Wife Liv Lo Welcome Baby No. 2
Ranking
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Iowa man sentenced to 2 life terms in death of 10-year-old girl whose body was found in a pond
- Carlee Russell, whose story captivated the nation, is due in court over the false reports
- Female frogs fake their own death to avoid unwanted attention from males: Study
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Missouri high school teacher suspended for having porn site page has resigned, superintendent says
- Jordan Fisher to return to Broadway for leading role in 'Hadestown': 'It's been a dream'
- Why It is absolutely not too late for Florida's coral reefs
Recommendation
Global Warming Set the Stage for Los Angeles Fires
Nashville sues over Tennessee law letting state pick six of 13 on local pro sports facility board
New Zealand immigration hits an all-time high as movement surges following pandemic lull
Kansas becomes the 10th state to require 2-person train crews, despite the industry’s objections
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Carlee Russell, whose story captivated the nation, is due in court over the false reports
Unifor, GM reach deal on new contract, putting strike on hold in Canada
Pilot confusion preceded fatal mid-air collision at Reno Air Races, NTSB says