Teyana Taylor and Iman Shumpert have officially finalized their divorce

Teyana Taylor and Iman Shumpert have officially finalized their divorce after a Fulton County judge ruled on the division of assets and child support.

Details of the divorce agreement

The divorce was filed in Georgia and ended with Teyana Taylor keeping four key marital assets estimated to be worth around $10 million. Iman Shumpert, on the other hand, keeps his Miami apartment and two properties in Georgia. The settlement also calls for a one-time seven-figure payment from Shumpert to Taylor, but the exact amount was not disclosed.

Child support and division of assets

Shumpert was ordered to pay $8,000 a month in child support for daughters Rue and Junie. He will also pay 100% of their private school tuition. Taylor was awarded several vehicles, including a Maybach and a Mercedes Sprinter, and she retains full ownership of her companies Taylormade and Auntie’s. Shumpert retains all of his investments under Shumpert Shump, which span various sectors.

Background and legal proceedings

The couple’s court proceedings became more heated due to 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.