Current:Home > ContactWhy RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday -WealthRise Academy
Why RHOA's Phaedra Parks Gave Son Ayden $150,000 for His 13th Birthday
View
Date:2025-04-15 13:36:46
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! (836)
Related
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Ohio man accused of killing his 3 sons indicted, could face death penalty
- A federal judge has blocked much of Indiana's ban on gender-affirming care for minors
- What Happened to Natalee Holloway: Breaking Down Every Twist in the Frustrating Case
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Ohio River May Lose Its Regional Water Quality Standards, Vote Suggests
- Untangling the Wildest Spice Girls Stories: Why Geri Halliwell Really Left, Mel B's Bombshells and More
- U.S., European heat waves 'virtually impossible' without climate change, new study finds
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Putin calls armed rebellion by Wagner mercenary group a betrayal, vows to defend Russia
Ranking
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Putin calls armed rebellion by Wagner mercenary group a betrayal, vows to defend Russia
- Hilary Swank Shares Motherhood Update One Month After Welcoming Twins
- Washington State Voters Reject Nation’s First Carbon Tax
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Muscular dystrophy patients get first gene therapy
- On Baffin Island in the Fragile Canadian Arctic, an Iron Ore Mine Spews Black Carbon
- Shift to Clean Energy Could Save Millions Who Die From Pollution
Recommendation
'Most Whopper
Honeybee deaths rose last year. Here's why farmers would go bust without bees
FDA warns stores to stop selling Elf Bar, the top disposable e-cigarette in the U.S.
Government Think Tank Pushes Canada to Think Beyond Its Oil Dependence
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Defense arguments are set to open in a landmark climate case brought by Montana youth
What heat dome? They're still skiing in Colorado
These kids revamped their schoolyard. It could be a model to make cities healthier