Net Worth Ranker
What Is Iman Shumpert’s Net Worth?
As of 2025, Iman Shumpert’s net worth is estimated to be $16 million. This valuation is primarily attributed to his career earnings as a professional basketball player in the NBA, endorsement deals, and real estate investments. Over his NBA career, which spanned from 2011 to 2021, Iman Shumpert earned a total of $48 million in NBA salary.
Iman Shumpert’s Early Life and Career Beginnings
Iman Asante Shumpert was born on June 26, 1990, in Berwyn, Illinois. During his high school years, Shumpert played on the same basketball team as Evan Turner, solidifying his early prowess in the sport. As a teen, Iman became a first-team all-state player and contributed to achieving three conference titles. His performance placed him among the top 15 of all-ranked senior players in the nation, highlighting his talent and potential. After graduating, Iman attended Georgia Tech, where he further honed his basketball skills. During the 2008-2009 season, he emerged as the fourth-leading scorer for the school’s basketball team, demonstrating his consistent performance and value to the team. Although a knee injury sidelined him for six games the following season, he rebounded strongly in the 2010-2011 season, leading his team in scoring, rebounding, and assists. By breaking Georgia Tech’s record for steals per game, Shumpert underscored his defensive abilities and readiness for professional play. In 2011, he declared himself eligible for the NBA draft, marking the next phase of his basketball journey.
NBA Career and Contract Details
Iman Shumpert’s NBA career began in 2011 when he was drafted by the New York Knicks. However, his early seasons were marked by challenges, including significant knee injuries that sidelined him for extended periods. One notable injury occurred during his first season, causing him to miss a substantial portion of the season. Despite these setbacks, Shumpert showed resilience and determination in returning to the court. In 2013, he resumed practices but faced another setback in 2014 when he suffered a shoulder injury that kept him out for approximately three weeks. These early injuries posed obstacles but did not deter him from pursuing his NBA ambitions. In 2015, Iman was traded to the Cleveland Cavaliers, where he experienced a revitalized career. His contributions were instrumental in helping the Cavaliers reach the 2015 NBA Finals, showcasing his ability to perform on a high-stakes stage. Building on this success, Iman signed a significant contract extension with the Cavaliers, securing his financial future. The contract, valued at $40 million, underscored the team’s confidence in his abilities and his importance to their roster. However, even with the security of a long-term contract, Iman faced additional physical challenges. During his time with the Cavaliers, he suffered a wrist injury, followed by a procedure to drain his left knee, causing further interruptions in his playing time. Despite these issues, Shumpert’s versatility and defensive skills made him a valuable asset to the Cavaliers, contributing to their success. During the 2016-2017 season, then-coach Tyronn Lue began utilizing Shumpert as a backup point guard, highlighting his adaptability. In a notable performance against the Detroit Pistons, he scored a career-best 18 points, demonstrating his offensive capabilities. However, at the end of 2017, another injury to his left knee kept him out for six to eight weeks, underscoring the ongoing physical challenges he faced. Throughout the ensuing years, Shumpert continued his NBA journey, playing for various teams, including the Sacramento Kings, the Houston Rockets, and the Brooklyn Nets. His tenure with each team contributed to his career earnings and enriched his experience in the league. In 2019, after Wilson Chandler’s suspension concluded, Iman was waived by the Nets, marking a transition in his career path. His NBA career, which spanned from 2011 to 2021, resulted in total earnings of $48 million in NBA salary, solidifying his financial standing and enabling him to invest in real estate and other ventures.
Real Estate Investments and Assets
Following the signing of his $40-million contract with the Cleveland Cavaliers in 2015, Iman Shumpert invested in real estate, establishing a home in Atlanta. This property, spanning almost 7,000 square feet, likely served as an off-season residence. The Atlanta home includes six bedrooms, a wooded backyard, and a large deck, providing ample space and amenities. Inside, the residence features a spiral staircase, a lofted library, a double-sided fireplace, and a jetted tub, indicating a focus on comfort and luxury. In 2018, Iman purchased a home in River Forest, Oak Park, for his parents, reflecting his commitment to family. The $880,000 home, spanning 4,400 square feet, includes five bedrooms. In 2020, Shumpert listed his home in Studio City for $3.695 million, which he had originally purchased in 2018 for $3 million, demonstrating his investment acumen. The Studio City residence spans approximately 5,700 square feet and features Italian tile floors, custom lighting, and smart home features, indicating modern luxury and technological integration. The home includes a chandelier-topped dining area, adding to its elegance. Outside, there is a swimming pool, a waterfall, and a custom doghouse, enhancing the property’s appeal. Ultimately, he accepted $4 million for the property in June 2022, securing a profitable return on his investment. These real estate transactions reflect Shumpert’s financial strategy and his ability to leverage his earnings into valuable assets.
Marriage, Divorce, and Child Support
Iman Shumpert married model, actor, and singer Teyana Taylor in 2016, marking a significant personal milestone. Together, they welcomed two daughters: Junie, born on December 16, 2015, and Rue, born on September 6, 2020. Both children were born at home, with Iman personally delivering them, reflecting a hands-on approach to fatherhood. In 2018, the couple starred in their own VH1 reality show, “Teyana and Iman,” offering fans an intimate glimpse into their lives. However, in January 2023, Teyana filed for divorce from Iman, though this decision remained private until November 2023, indicating their desire to handle personal matters discreetly. In June 2024, Iman requested an adjustment in his child support payments, revealing details about their financial circumstances. According to his filings, Teyana’s monthly income was roughly twice that of his, prompting his request for a modification in support obligations. At the time, Iman was paying $8,000 per month in child support. His filing alleged that he averages around $48,000 per month in income, while Teyana makes around $94,000. Amidst the divorce proceedings, Teyana claimed that Iman withdrew $4 million from their shared accounts, leaving her responsible for $200,000 worth of home repairs. These details highlight the complexities of their financial separation and the ongoing legal processes involved.
Additional Career Ventures and Earnings
While the majority of Iman Shumpert’s net worth stems from his NBA career, additional ventures and earnings contribute to his overall financial standing. These include endorsement deals with various brands, though specific details regarding the financial terms and brands involved are not publicly available. These endorsements often involve promoting products through social media, television commercials, and public appearances, supplementing his NBA income. In addition to endorsements, Iman has also explored opportunities in the entertainment industry, including his appearance on the VH1 reality show “Teyana and Iman” and his participation in “Dancing with the Stars,” where he emerged as the winner. These ventures provide additional income streams and enhance his public profile, potentially leading to further endorsement opportunities. Iman’s participation in “Dancing with the Stars” not only added to his income but also broadened his appeal to a wider audience, increasing his marketability. Furthermore, Iman has shown an interest in music, releasing rap songs and music videos. While the financial success of these ventures may vary, they contribute to his overall earnings and demonstrate his diverse talents and entrepreneurial spirit. The specifics of his earnings from music royalties and sales are not publicly disclosed, but these activities add to his overall net worth. As an entrepreneur, Iman has also invested in various business ventures, though the specifics of these investments are not publicly known. These investments could range from technology startups to real estate developments, further diversifying his income streams. Iman’s ability to leverage his NBA career into various business and entertainment opportunities has allowed him to build a solid financial foundation and secure his long-term financial future. His net worth of $16 million reflects not only his success on the basketball court but also his business acumen and ability to capitalize on his public persona.
