Iman Shumpert Net Worth Amid Messy Teyana Taylor Divorce Settlement, $8,000 Monthly Child Support
Iman Shumpert's net worth in 2024 is reportedly much higher than that of his now-ex-wife Teyana Taylor despite no longer getting an NBA salary.
According to a Celebrity Net Worth (CNW) estimate, Shumpert's net worth was $16 million as his messy divorce with Taylor was finalized this week. It is unclear if the figure includes his Shumpert Shump investments, which were revealed during their divorce battle.
Taylor, on the other hand, is estimated by the website to be worth $5 million.
CNW's estimate of the 33-year-old ex-athlete's fortune was attributed to his paychecks as a professional basketball player and the real estate he accumulated over the years.
During his 10-year NBA career, which ended in 2021, Shumpert received $48 million in total in salary, according to Spotrac.
(Photo : Dave Kotinsky/Getty Images)
Shumpert played for the New York Knicks, Cleveland Cavaliers, Sacramento Kings, Houston Rockets, and Brooklyn Nets. He won one NBA championship during his career with the Cavaliers in 2016.
Outside of basketball, Shumpert has ventured into music and television.
In 2018, he dropped a six-track rap EP titled "Substance Abuse." Shumpert also joined and won "Dancing with the Stars" Season 30 with pro Daniella Karagach in 2021.
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Through the years, Shumpert invested some of his earnings into properties.
He purchased a nearly 7,000-square-foot home in Atlanta that comes with six bedrooms, a lofted library, a wooded backyard, and a large deck, according to the website.
He also bought an $880,000, 4,400-square-foot property in River Forest, Illinois, for his parents and a $3 million home in Studio City, California, in 2018.
Shumpert reportedly sold the Studio City residence in 2022 for $4 million.
(Photo : Jag Gundu/Getty Images for Bounce Sporting Club)
In 2018, Shumpert revealed in an interview with Wealthsimple that he doesn't "have a lot of worries about money" because he had been saving and investing at least half of his earnings since he began his NBA career.
"Since I entered the league, half of my checks have always gone into a separate account. ... I pride myself on doing that. I've done it no matter the size of my contract or salary," Shumpert told the magazine.
He added, "That money -- I don't even see it. It's put into investments."
However, Shumpert will now have to part ways with a sizeable chunk of his money after his divorce from Taylor was finalized earlier this week.
The "Gonna Love Me" singer -- who shares two daughters, Junie and Rue Rose, with Shumpert -- filed for divorce from him in January 2023 after nearly seven years of marriage.
(Photo : Rich Fury/Getty Images)
According to the judge's ruling in their divorce, obtained by The Jasmine Brand, Shumpert was ordered to make a one-time payment amounting to seven figures to Taylor. The exact figure was not announced.
The former NBA star will also have to pay $8,000 per month in child support and cover all the fees for their two daughters' private school education.
As for real estate, Taylor was awarded four marital properties reportedly valued at over $10 million, while Shumpert retained his condo in Miami and two compounds in Georgia.
Taylor and Shumpert also kept their respective businesses and investments following the split.
The singer-dancer fully owns two companies, Taylormade and Auntie's, while the former pro athlete has his Shumpert Shump investments. The specific details of the investments were not disclosed.
