Current:Home > MyWhy RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday -ProfitEdge
Why RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday
View
Date:2025-04-13 09:26:30
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! (74447)
Related
- Grammy nominee Teddy Swims on love, growth and embracing change
- See Kylie Jenner React to Results of TikTok's Aging Filter
- What to know about the drug price fight in those TV ads
- Larsa Pippen Traumatized By Michael Jordan's Comment About Her Relationship With His Son Marcus
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- How a New ‘Battery Data Genome’ Project Will Use Vast Amounts of Information to Build Better EVs
- What the Supreme Court's rejection of student loan relief means for borrowers
- To tip or not to tip? 3 reasons why tipping has gotten so out of control
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Climate Change Makes Things Harder for Unhoused Veterans
Ranking
- Former Syrian official arrested in California who oversaw prison charged with torture
- 'Fresh Air' hosts Terry Gross and Tonya Mosley talk news, Detroit and psychedelics
- Inside Clean Energy: ‘Solar Coaster’ Survivors Rejoice at Senate Bill
- Beloved chain Christmas Tree Shops is expected to liquidate all of its stores
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Inside Clean Energy: ‘Solar Coaster’ Survivors Rejoice at Senate Bill
- KitchenAid Mixer Flash Deal: Take $180 off During the Amazon Prime Day 2023 Sale
- Las Vegas just unveiled its new $2.3 billion spherical entertainment venue
Recommendation
NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
Save Up to $250 on Dyson Hair Tools, Vacuums, and Air Purifiers During Amazon Prime Day 2023
Tiny Soot Particles from Fossil Fuel Combustion Kill Thousands Annually. Activists Now Want Biden to Impose Tougher Standards
Our fireworks show
A South Texas lawmaker’s 15
Fur-rific Amazon Prime Day 2023 Pet Deals: Beds, Feeders, Litter Boxes, Toys & More
What recession? Why stocks are surging despite warnings of doom and gloom
Once Cheap, Wind and Solar Prices Are Up 34%. What’s the Outlook?