Current:Home > StocksWhy RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday -Stellar Wealth Sphere
Why RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday
View
Date:2025-04-22 22:57:20
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! (3)
Related
- Average rate on 30
- Summer House's Jesse Solomon Shares Abnormal Results of Testicular Cancer Scan
- Brittany Mahomes makes her Sports Illustrated Swimsuit Issue debut
- AP Week in Pictures: Asia
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- WNBA says all teams will charter by Tuesday, but rollout has been clunky
- Ukraine says it has checked Russia’s offensive in a key town, but Moscow says it will keep pushing
- Texas Gov. Greg Abbott pardons Daniel Perry, who killed Black Lives Matter protester in 2020
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- New Miss USA Savannah Gankiewicz crowned after former titleholders resign amid controversy
Ranking
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Vermont to grant professional licenses, regardless of immigration status, to ease labor shortage
- Rocky Mountains hiker disappears after texting friend he'd reached the summit of Longs Peak
- 2 people caught on camera committing alleged archaeological theft at historic 1800s cowboy camp at Utah national park
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- West Virginia miner dies in state’s first reported coal fatality of the year
- WNBA says all teams will charter by Tuesday, but rollout has been clunky
- Justice Department formally moves to reclassify marijuana as a less dangerous drug in historic shift
Recommendation
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
Theft of more than 400 vehicles in Michigan leads to the arrest of 6 men
China and Cambodia begin 15-day military exercises as questions grow about Beijing’s influence
US proposes ending new federal leases in nation’s biggest coal region
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Lifesaving plan: How to back up and secure your medical records
What to know about how much the aid from a US pier project will help Gaza
Ben Affleck and Jennifer Lopez Step Out With Wedding Rings Amid Breakup Rumors