Teyana Taylor and Iman Shumpert have officially finalized their divorce, with a Fulton County judge ruling on the division of assets and child support arrangements.
Divorce settlement details
The divorce, filed in Georgia, concluded with Teyana Taylor retaining four key marital properties estimated to be worth around $10 million. Meanwhile, Iman Shumpert will keep his Miami condo and two properties in Georgia. The settlement also includes Shumpert making a one-time seven-figure payment to Taylor, though the exact amount remains undisclosed.
Child support and asset division
Shumpert has been ordered to pay $8,000 monthly in child support for their daughters, Rue and Junie. He will also cover 100% of their private school fees. Taylor has been awarded several vehicles, including a Maybach and a Mercedes Sprinter, and retains full ownership of her companies, Taylormade and Auntie’s. Shumpert retains all his investments under Shumpert Shump, which spans various sectors.
Background and legal proceedings
The couple’s legal proceedings heated up with allegations of endangerment and neglect, which Shumpert denied. Despite these challenges, the financial aspects of their divorce, including child support, were finalized by the court’s deadline.
This high-profile divorce highlights the complexities of asset division and child support in celebrity divorces, reflecting both the personal and financial challenges involved.
