Teyana Taylor and Iman Shumpert have finalized their divorce, concluding a lengthy legal process that began in 2023 when Taylor filed for divorce after nearly eight years of marriage. The settlement, finalized in June 2024, includes a substantial division of assets and responsibilities.
Key Aspects of the Divorce Settlement
Real Estate and Financial Assets
Taylor will receive four properties valued collectively at over $10 million, including their former family home in Alpharetta, Georgia.
She is also entitled to a one-time seven-figure financial payout.
Vehicles and Business Ownership
Taylor retains ownership of several luxury vehicles, including a $300,000 Maybach, a $70,000 Mercedes Sprinter, and a tour bus.
She maintains full control over her business ventures, which encompass a fitness brand, a choreography center, and various fashion partnerships.
Child Support and Education
Shumpert is required to pay $8,000 per month in child support for their two daughters, Junie and Rue Rose.
He is also responsible for covering the cost of their private school education.
Ongoing Legal Disputes
The divorce has been marked by public disputes, including Taylor’s accusations that Shumpert leaked settlement details to the media. Shumpert has denied these allegations, asserting compliance with court orders to keep the case details sealed.
Despite the contentious nature of their separation, both Taylor and Shumpert have expressed a commitment to co-parenting their daughters and maintaining their privacy moving forward.
Teyana Taylor and Iman Shumpert have finalized their divorce, concluding a lengthy
Teyana Taylor and Iman Shumpert have officially finalized their divorce, concluding a lengthy legal process that began in 2023 when Taylor filed for divorce. The settlement, finalized in July 2024, includes a substantial division of assets and responsibilities.
Key Aspects of the Divorce Settlement
Real Estate and Financial Assets
Taylor will receive four properties valued collectively at over $10 million, including their former family home in Alpharetta, Georgia.
She is also entitled to a one-time seven-figure financial payout.
Vehicles and Business Ownership
Taylor retains ownership of several luxury vehicles, including a $300,000 Maybach, a $70,000 Mercedes Sprinter, and a tour bus.
She maintains full control over her business ventures, which encompass a fitness brand, a choreography center, and various fashion partnerships.
Child Support and Education
Shumpert is required to pay $8,000 per month in child support for their two daughters, Junie and Rue Rose.
He is also responsible for covering the cost of their private school education.
Ongoing Legal Disputes
The divorce has been marked by public disputes, including Taylor’s accusations that Shumpert leaked settlement details to the media. Shumpert has denied these allegations, asserting compliance with court orders to keep the case details sealed.
Despite the contentious nature of their separation, both Taylor and Shumpert have expressed a commitment to co-parenting their daughters and maintaining their privacy moving forward.
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