Teyana Taylor & Iman Shumpert Finalize Divorce With Seven-Figure Settlement

BYGabriel Bras Nevares20.1K Views
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ATLANTA, GA - SEPTEMBER 03: Teyana Taylor and Iman Shumpert attend Luda birthday celebration at Compound on September 3, 2017 in Atlanta, Georgia. (Photo by Prince Williams/WireImage/Getty Images)
Teyana Taylor and Iman Shumpert's settlement also includes terms for monthly child support payments and asset divisions.

Teyana Taylor and Iman Shumpert's divorce process took some bumps along the road, but according to a new report from the Jasmine Brand, they have now finalized their settlement. A Fulton County judge oversaw the process, which began in a private filing on Taylor's behalf back in 2023 after seven years of marriage with two daughters. Moreover, in the judge's ruling, they divided many of their assets and outlined child support terms. However, it's also important to note that, at press time, neither has publicly commented on the latest developments in court.

Nevertheless, this new ruling from the judge includes a one-time, seven-figure payment from Iman Shumpert to Teyana Taylor. In addition, the singer will reportedly keep four marital properties with an approximate $10 million value as assets from their shared estate. On the other hand, the former NBA star will keep a Miami condo and his compounds in South Georgia and Decatur. As for child support, Shumpert will pay $8,000 a month and cover private school fees for their daughters, and it seems like both kept most of their personal assets like cars and jewelry, such as Taylor's Bronco truck.

Teyana Taylor & Iman Shumpert Finalize Their Divorce Settlement

Another aspect of the settlement concerns Teyana Taylor and Iman Shumpert's business ventures, such as the former's Taylormade and Auntie's companies and the latter's undisclosed investments. While all this has probably been a pretty stressful and difficult affair, the two are still publicly amicable with each other. Sure, this has led to some online interactions being even more prone the watchful eye of the gossip train, such as thirsty IG comments. But we can't really know what's going on, and we don't know if they will ever address it specifically in the future.

Meanwhile, according to Teyana Taylor, there have been misleading reports on this in the past, so take this with a grain of salt as always. More likely than not, they finalized their divorce and can now move on into a new phase of their lives, which could surely be its own saga. What do you think about this whole situation? Let us know in the comments and come back to HNHH for more updates.

About The Author
Gabriel Bras Nevares is a staff writer for HotNewHipHop. He joined HNHH while completing his B.A. in Journalism & Mass Communication at The George Washington University in the summer of 2022. Born and raised in San Juan, Puerto Rico, Gabriel treasures the crossover between his native reggaetón and hip-hop news coverage, such as his review for Bad Bunny’s hometown concert in 2024. But more specifically, he digs for the deeper side of hip-hop conversations, whether that’s the “death” of the genre in 2023, the lyrical and parasocial intricacies of the Kendrick Lamar and Drake battle, or the many moving parts of the Young Thug and YSL RICO case. Beyond engaging and breaking news coverage, Gabriel makes the most out of his concert obsessions, reviewing and recapping festivals like Rolling Loud Miami and Camp Flog Gnaw. He’s also developed a strong editorial voice through album reviews, think-pieces, and interviews with some of the genre’s brightest upstarts and most enduring obscured gems like Homeboy Sandman, Bktherula, Bas, and Devin Malik.
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