Tyrone Gilliams is a former basketball player who attended the University of Pennsylvania before establishing his commodities trading firm, TL Gilliams, LLC. Gilliams is best known for his relationship with Real Housewives of Orange County actress Sheree Whitfield.
He was sentenced to ten years in jail in 2013 for his role in the Ponzi scheme. He was released from prison after serving eight years.
Tyrone now works as a promoter and commodity trader. Gilliams, a former American basketball player turned promoter and trader, has not only broadened his career but also accumulated significant fortune along the way.
Continue reading to learn more about his net worth in 2023 and the twists and turns of his interesting biography.
What Is Tyrone Gilliams Net Worth In 2023?
Tyrone Gilliams’ net worth is expected to be at $1 million in 2023. He was sentenced to ten years in federal prison and was ordered to pay the accusers $5 million.
Gilliams also organized a gospel concert, a food distribution for 5,000 people, a children’s event at the Convention Center, a bowling party, and a record release party with Jamie Foxx for $1.5 million.
Check out the posts below if you’re interested in learning more about the wealth of other famous celebrities:
- Jeff Foxworthy Net Worth: What is His Financial Status?
- Charlie Sheen’s Net Worth: Sheen’s Wealth Story and Career
Tyrone Gilliams Early Life
Tyrone Gillams is a native of the United States of America. Nobody knows when he was born or how old he is. He is thought to be between the ages of 45 and 50. His father is a pastor in Philadelphia, and he was present for his son’s sentencing in 2013.
He graduated from high school and college before retiring from basketball. He has never stated which high school he attended. Nonetheless, Gilliams attended the University of Pennsylvania, where he began his professional basketball career.
Tyrone Gilliams Career
Tyrone Gilliams’ professional basketball career began in the 1980s when he joined the University of Pennsylvania basketball team. At the University of Pennsylvania, Gillams was known as a great scorer and team leader.
However, he only played for three years before retiring as a competitive basketball player. Tyrone Gilliams was a member of the team from 1987 to 1990 before leaving.
Gilliams and Everette Scott Jr. formed a business selling items after they retired from professional basketball. The company’s name is TL Gilliams, LLC. He also worked as a rapper and hip-hop artist promotion.
Tyrone Gilliams was sentenced to ten years in prison for wire fraud in 2013. The co-founder of TL Gillams, LLC, and his lawyer were both found guilty of stealing $5 million from investors. Gilliams assured his investors that they would receive big weekly returns of up to 5%. He stated that he would create a U.S. Treasury STRIPS Trading scheme to purchase a large number of STRIPS using money from investors.
He further assured them that the investment posed little risk. He did, however, use the funds to start a gold business, purchase a building in Denver, repair his house, and promote a comedy act in the Bahamas.
The United States District Judge Deborah Batts imposed a 10-year sentence, which was less than what the United States Probation Office recommended.
The sentence was two and a half years less than the minimum term that federal sentencing guidelines recommend. As part of his sentence, Gilliams was required to pay back the money the owners had given him.
See Tyrone Gilliams Instagram post below:
Tyrone Gilliams Personal Life
Tyrone Gilliams’s current dating status is unknown. He was previously married to Sheree Whitfield, a well-known Real Housewives of Atlanta personality.
Unfortunately, the two lovebirds did not marry, blaming their split on the difficulties of maintaining a long-distance relationship.
Whitfield already had a kid with Bob Whitfield, with whom she shared a connection before her romance with Gilliams.
Whitfield is currently romantically involved with Martell Holt, a Love & Marriage: Huntsville star. Tyrone Gilliams, on the other hand, has not been publicly seen with any lady since his breakup with Sheree Whitfield.
Stay connected with us on Journalist PR to receive the most recent updates regarding the financial status of your favorite celebrities, including information regarding their income, assets, and other relevant details.