Murdered NBA Player’s Ex Spends Most of $1 Million Insurance in 10 Months

Comments: 23  | Leave A Comment

However, Sherra Wright says the family remains financially sound, with $1.4 million in “assets on hand.” Much of that is tied up in the new house and three Arkansas investment properties.

But as you can imagine, there’s drama between Herb Wright and Sherra Wright, who “testified Lorenzen Wright distrusted his father and as a result removed his father from any control over his accounts and finances.”

At the time of his death, Wright was operating under a child support order requiring him to pay $16,650 a month in child support and another $10,000 a month in alimony, for a total of $319,000 a year. That plan was concocted in 2009, in what would be the last year of Wright’s NBA career. There was no amended plan filed after Wright left the NBA and his income dramatically declined.

(Photo: EURweb)

« Previous page 1 2

Tags: » » »

  • More Related Content

Follow

Get every new post delivered to your Inbox.

Join 2,284 other followers