Home » Tyrone Gilliams Net Worth Revelation: Scandals, Wealth, and Love Lost

Tyrone Gilliams Net Worth Revelation: Scandals, Wealth, and Love Lost

by Mahmood Rehan
Net Worth$1 million
Date of Birth1967
Place of BirthUnited States
ProfessionFormer Basketball Player
Height5.11 ft (1.85 m)
NationalityUnited States of America

Tyrone Gilliams is a former basketball player for the University of Pennsylvania and the co-founder of the commodities trading firm TL Gilliams. Tyrone Gilliams’ journey has been nothing short of a Hollywood drama. In addition to his achievements, he’s also famous for his association with Real Housewives of Atlanta star Sheree Whitfield and his controversial legal troubles. In this article, we’ll take a closer look at Tyrone Gilliams’ life, career, net worth, and the challenges he’s faced over the years.

Short Bio – Famous For

This celebrity is famous for his remarkable journey from the basketball court to the courtroom. Born in the United States, Tyrone Gilliams holds American nationality. While the exact date of his birth remains undisclosed, it’s believed that he’s either 55 or 56 years old, with his birth year listed as 1967. Standing tall at 5 feet 11 inches, Gilliams is the son of a minister. His early aspirations to follow in his father’s footsteps led him down a path that eventually resulted in his financial and legal challenges because those in the occupation as pastors drove expensive cars like Rolls Royce and made a great deal of money,

Tyrone Gilliams made a name for himself during his time as a notorious ball player at Penn. He not only played but captained his team in several games in the late 1980s. His remarkable talent on the basketball court was evident to all. But it was his foray into the world of business that would ultimately define his legacy. Gilliams went on to co-found TL Gilliams, LLC, a commodity trading company, and also ventured into promoting musical artists, particularly in the realms of rap and hip-hop.

However, Tyrone Gilliams’ life took a dramatic turn when he became embroiled in a Ponzi scheme in 2013, leading to a 10-year prison sentence. This scheme involved wire fraud, which duped investors and resulted in the misappropriation of $5 million. Gilliams was ordered to repay the $5 million to the victims. After serving nearly eight years in prison, he was released in February 2021, spending the remainder of his sentence under house arrest with an ankle monitor.

Career & Achievements

Tyrone Gilliams release date
Image by Jeff Fusco/Getty Image
  • Gilliams’ career is a tale of two halves. From 1988 to 1989, he was a standout player on the University’s basketball team, leading the squad in numerous games.
  • His time on the court not only won him accolades but also helped him amass a net worth of $1.5 million. However, basketball was just the beginning of his wealth-building journey.
  • Tyrone Gilliams co-established TL Gilliams, LLC with Everette Scott Jr. During his time at the helm of this company, he managed to accumulate over $5 million, a testament to his business acumen.
  • He also made substantial income as a promoter, supporting and promoting various musical artists, including rappers and hip-hop performers.


Gilliams’ personal life has been far from ordinary. Before his legal troubles, he dated Sheree Whitfield, a relationship that went through several ups and downs. Even during his prison sentence, Sheree visited him frequently in a Kentucky prison. It’s worth noting that Tyrone Gilliams was previously married and has two children from his previous marriage. Sheree, on the other hand, is the mother of three kids.

Despite their connection, the long-distance relationship between Gilliams and Sheree became unsustainable, leading to their separation. In recent times, Sheree has moved on and is now in a relationship with Martell Holt, a star from “Love & Marriage: Huntsville.” Little is known about Tyrone’s mother, but it’s worth mentioning that his father was a pastor, which partly fueled his early desire for financial success.

Sources of Income

Tyrone Gilliams’ income sources have been diverse and intriguing. His basketball career contributed significantly to his initial net worth. However, his most significant financial gains came from his co-ownership of TL Gilliams, LLC, the commodity trading company he founded. Additionally, he ventured into promoting musical artists, a pursuit that added another dimension to his income streams.

Net Worth Figure and Rankings

As of 2023, Tyrone Gilliams’ net worth is estimated to be approximately $1 million. However, it’s essential to note that his net worth has seen significant fluctuations over the years, primarily due to his legal troubles and the financial consequences they brought.

Lifestyle and Expenses

Tyrone Gilliams has shown a penchant for using his resources for the greater good. His $1.5 million investment has been channeled into various community events, including a gospel concert, a food giveaway for 5000 people, a children’s event at the Convention Center, a bowling party, and an album release party featuring Jamie Foxx. Despite his legal challenges, Gilliams has not shied away from giving back to his community.

Controversies and Financial Challenges

Gilliams’ life story is marred by controversies and financial setbacks. His net worth has taken a hit since 2013, when he was sentenced to a 10-year prison term for his involvement in wire fraud. Besides the legal fees, he was compelled to repay the $5 million to the affected investors, resulting in a notable decrease in his net worth over the past decade. Tyrone Gilliams was released in February 2021.


Tyrone Gilliams’ life is a testament to the highs and lows of fame and fortune. From his basketball glory days to his business ventures and legal troubles, his journey has been a rollercoaster. As of 2023, his net worth stands at around $1 million, a far cry from his peak. Despite his tumultuous past, Gilliams continues to make a positive impact on his community. His story is a reminder that even in the face of adversity, one can strive for redemption and a brighter future.


1. What does Tyrone Gilliams do for a living?

Tyrone Gilliams is known for being a former basketball player, co-founder of TL Gilliams, LLC (a commodities trading firm), and a promoter of musical artists, particularly in the rap and hip-hop genres.

2. What happened to Sheree and Tyrone?

Sheree Whitfield and Tyrone Gilliams were once romantically involved, with Sheree even visiting him in prison. However, the strain of a long-distance relationship and Gilliams’ legal troubles led to their breakup. Sheree has since found love in a new relationship.

3. How long was Tyrone in jail?

Tyrone Gilliams served nearly eight years in prison as part of a 10-year sentence for his involvement in a Ponzi scheme. He was released in February 2021 and spent the remainder of his sentence on house arrest with an ankle monitor due to the COVID-19 pandemic.

Featured Image Credits: Jeff Fusco/Getty Images

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