The divorce settlement between actress and multi-hyphenate Teyana Taylor and former NBA star Iman Shumpert has been finalized by a Fulton County judge.
The couple, who married in 2016 and share two daughters, saw their marriage come to an official end after Taylor quietly filed for divorce in 2023.
Details of the Settlement:
In the judge’s ruling, obtained by The Jasmine Brand, Teyana Taylor has been awarded four key marital properties.
These properties, valued at over $10 million, are significant assets from their shared estate.
Additionally, Iman Shumpert has been ordered to make a one-time seven-figure payment to Taylor.
Iman, who currently stars on “The Chi,” will retain his luxurious Miami condo and will also keep ownership of his South Georgia Compound and Decatur, Georgia Compound.
Child Support and Education:
A notable aspect of the settlement is the monthly child support payment.
Iman Shumpert is required to pay $8,000 per month in child support.
Furthermore, he has been mandated by the court to cover 100% of the private school fees for both of their daughters.
Personal Property:
In terms of personal property, Teyana Taylor has been awarded a collection of vehicles, including a Maybach, a Mercedes Sprinter, a tour bus, and her prized Bronco truck.
Additionally, Taylor retains all her jewelry.
Business Ownership:
A critical component of the settlement is Taylor’s retention of 100% ownership of her companies, Taylormade and Auntie’s, which will remain under her control.
Meanwhile, Shumpert will keep all his Shumpert Shump investments.
Although the specifics of these investments were not publicly disclosed, they likely include a diverse portfolio spanning various sectors.
The finalization of Teyana Taylor and Iman Shumpert’s divorce brings closure to their seven-year marriage.
I wish them well as they close this chapter of their lives.
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