Generally speaking, systems, methods and media for managing shared inventory in a virtual universe are disclosed. Embodiments of the method may include receiving notification of a user session being established between a user and a virtual universe simulator. The method may also include accessing a list of shared inventory items for the user where the list of shared inventory items includes one or more shared inventory items each having an inventory source associated with it. Embodiments may also include retrieving at least one shared inventory item from its associated inventory source and passing the retrieved shared inventory item to the virtual universe simulator. Further embodiments may include retrieving an updated listing for the shared inventory items from their associated inventory sources and passing the updated shared inventory item list to the virtual universe simulator. Further embodiments may include passing metadata for shared inventory items to the virtual universe simulator.