Phaedra Parks Buys Son $150K Property For His Birthday

ATLANTA, GEORGIA - AUGUST 15: (L-R) Ayden Nida, Phaedra Parks, and Dylan Nida attend a special Atlanta screening of 'PAW Patrol: The Movie' hosted by Phaedra Parks at Regal Atlantic Station on August 15, 2021 in Atlanta, Georgia.
(Photo by Derek White/Getty Images)
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Phaedra Parks gave her son a huge gift for his 13th birthday. 

According to reports, the former Real Housewives of Atlanta star purchased a property for $150,000 for her son Ayden to invest in. “So he said for his birthday he either wanted a dirt bike or a way to make money,’ she said. “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,’” Parks added.

Phaedra continued, “And so now he’s basically trying to figure out if he wants to do a little multi-unit duplex, you know, start his own little rental properties.” Parks has hopes that her son will learn how to be an investor and lessons about building wealth early. 

“I don’t come from a bad family. I come from a middle-class family of educators. However, they didn’t have the type of income that I have,” Phaedra said. “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.” 

She goes on to say that both of her sons are very interested in cryptocurrency. “Both my sons love anything about making money in cryptocurrency. They’ve had their passport since birth. They’ve been to Paris, they’ve been to London, they’ve been to Cuba.” 

Phaedra jokingly adds that her son can be bougie but says that they are overall young gentlemen with great manners.