Kyle Sandilands reveals son Otto, one, ‘already has a million dollars in his bank account’ – but he didn’t get the money from his radio star dad

Kyle Sandilands shocked his co-host Jackie ‘O’ Henderson on Thursday by revealing his one-year-old son Otto is already a millionaire.

The radio king, 52, was discussing his own big spending habits on The Kyle and Jackie O Show when Jackie, 48, said he needed to be more careful with money to ensure Otto gets an inheritance.

“Otto has already been loaded by his great-grandfather, so no worries for him,” Kyle shot back.

‘He’s rich. My kid is a millionaire, he already has a million dollars in his bank.”

He then joked that he was jealous of his own rich kid.

Kyle and his wife Tegan welcomed their first child Otto on August 11, 2022.

Last month, Kyle spent a whopping $25,000 on Otto’s first birthday party, and tThe KIIS FM star shocked Jackie with the lavish plans.

Kyle revealed he even got a party planner for the day, with 24 children and 38 adults invited to celebrate the youngster.

“It’s only $25,000,” Kyle said. “It’s a watered-down party.”

News anchor Brooklyn Ross asked Kyle in disbelief if that claim was a “joke,” while co-host Jackie “O” Henderson sarcastically called the party plans “low-key.”

Kyle fell in love with Otto in his first year as a father.

The shock jock gushed about the toddler during an interview with Daily Mail Australia in October last year.

“I used to watch TV for hours, and now I just sit there and watch him and he was a real joy,” he said.

‘I sat at home all the time and I liked that. I’m home more now than during the lockdowns, so we’re enjoying every second of it. I’m quite happy actually. I can’t imagine being happier.’

Kyle admitted he never dreamed of having children, but now that he’s “excited,” he decided to take the plunge and become a dad.