Kelly Ripa and Mark Conseulos’ son Michael Consuelos had a rude awakening after graduating from college.
The 22-year-old moved to Bushwick, Brooklyn after finishing his studies at New York University and now is learning what life is like having to pay his own way without the help of his famous parents.
“I think he loves the freedom. He hates paying his own rent and he’s chronically poor,” Ripa said on “Jimmy Kimmel Live!” of her oldest child. “I don’t think he ever really experienced extreme poverty like now.”
Michael grew up in the family’s swanky penthouse in New York’s Soho neighborhood — which they sold in 2014 for $20 million — before they all moved to a $27 million townhouse on the Upper East Side.
As proof Michael didn’t used to count dollars and cents, the morning show host, 49, said he never used to care about the $20 his grandparents would send him in an annual Halloween card but now is jonesing for the snail mail.
“Now that he’s living on his own, he’s called three times, ‘Halloween envelope arrived?’ Just so he can have electricity,” Ripa said. “He’s experiencing being an adult.”
Ripa takes home about $20 million per year for “Live With Kelly and Ryan,” according to Forbes.
Ripa, who is also mom to daughter Lola Consuelos and son Joaquin Consuelos, admitted she was concerned with her children going to college in the same city in which they grew up. (Lola started NYU in late August.)
“We drop him off at his dorm. We have lunch together. We look at each other. We say, ‘We did it. We have a child in college. We did it! Oh my gosh,'” Ripa recalled of Michael beginning college. “We come home. It’s about 10 minutes away. We walk through the front door and he is standing in the hallway.”
It wasn’t much different with Lola, who returned home the next day after drop-off.
“Drop her off on a Saturday, Sunday evening our alarm trips,” she recounted. “My daughter’s having a party on the roof of our house. She was gone 12 hours and came home.”