Nelson Peltz is speaking out for the first time about his daughter Nicola‘s family drama with husband Brooklyn Beckham‘s parents.

The billionaire businessman spoke out on Tuesday (February 3) while on stage for Wall Street Journal’s Invest Live event in West Palm Beach, Florida.

When the interviewer brought up his daughter, Nelson jokingly replied, “Has my family been in the press lately? I haven’t noticed that at all.”

Nelson was asked if he gives his daughter any advice on how to deal with intense “situations” in the media.

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“I do. And sometimes they give me advice. My advice is to stay the hell out of the press. How much good did that do?” he said. “My daughter and the Beckhams are a whole other story. That’s not for coverage here today, but I’ll tell you my daughter’s great, my son-law Brooklyn is great, and I look forward to them having a long, happy marriage together.”

A source recently opened up to explain Nicola‘s recent weight loss.