Lorenzen Wright’s Ex-Wife: “I’ve Done Everything For My Kids”

(Memphis) Wednesday, murdered NBA star Lorenzen Wright’s ex-wife, Sherra Wright, explained where all the money went in her children’s trust fund.

Family members, including Lorenzen Wright’s father Herb Wright, accuse her of blowing the money on a luxurious lifestyle.

The trust included a $1 million life insurance policy Lorenzen Wright took out six months before he was killed and a settlement from a lawsuit with the Germantown Police Department.

Documents show Sherra Wright spent $973,000 within ten months.

Herb Wright’s attorney, Ruby Wharton, said $5.05 is all that’s left from the life insurance money.

The ex-wife and mother of six defended herself and every purchase for more than six hours.

“We used trust funds to do that,” said Sherra Wright. “I’ve done everything for my kids. These were the children’s monies. Everything I spent on the children was for the children. These were the children’s monies, and I bought a house for the children.”

She said she used her children’s trust to buy a foreclosed East Shelby County home, renovations, furniture and luxury cars for the family and oldest children, but Wednesday, WREG learned nothing was put aside for their college education.

“Do you have any money in their account for the kid’s education?” one attorney asked.

“Not in my name,” replied Sherra Wright.

Herb Wright claims the children’s trust was spent carelessly. He launched a legal battle demanding the bank be in charge of the children’s estate from here on out.

Testimony will continue throughout the week and likely into next week. It could be even longer before a judge makes her decision.

“We are in trial until we get finished. Tomorrow, Monday and even until next July,” said the judge.

Once Sherra Wright’s attorney, Christopher Donovan, tells his side of the story, he said the judge will find out she’s invested most of the money in real estate in Tennessee and Arkansas.

The property deeds are in her children’s names and are part of the trust. Their value totals between $950,00 and $1.2 million.

Wright was shot to death in 2010 in a deserted area in Southeast Memphis. His murder is unsolved.

16 comments

  • hate hood rats

    I knew she would blow it…She looks bad too. God don’t like ugly… (a fool and money will soon part) per the Bible.

    • Fred

      She was used to a the “high life style” from all the drug money sweet lorenzen was bringing in. Remember when she told the cops he left with a box full of cocaine the night he was killed and then recanted her story. Typical thugs. Better look to his business partners AKA Mexican drug cartels if you wanna find the killers

  • BrooklynnR

    Seems a little too late for this court battle don’t cha thing? Because at this point why waste lawyer fees and court time on money that IS ALREADY GONE??!!! Is the father-in-law mad he did not get any of it for himself? Dude move on, you are wasting peoples time and energy over something that will NOT bring back that million dollars!!! I really think this is less about the money and more about the fact Lorenzen’s family (and public perception) has never cleared Sherra Wright of being a “suspect”, but fact of the matter is whether involved or not, she was never charged. Isn’t it innocent till proven guilty? This city is like a dog with a bone when it comes to this Lorenzen dude. If police had evidence against her she would have been charged, but she wasn’t. So this family, the media and the city really should move on. #MoveOnPeople

  • BrooklynnR

    Seems a little too late for this court battle don’t cha think? Because at this point why waste lawyer fees and court time on money that IS ALREADY GONE??!!! Is the father-in-law mad he did not get any of it for himself? Dude move on, you are wasting peoples time and energy over something that will NOT bring back that million dollars!!! I really think this is less about the money and more about the fact Lorenzen’s family (and public perception) has never cleared Sherra Wright of being a “suspect”, but fact of the matter is whether involved or not, she was never charged. Isn’t it innocent till proven guilty? This city is like a dog with a bone when it comes to this Lorenzen dude. If police had evidence against her she would have been charged, but she wasn’t. So this family, the media and the city really should move on. #MoveOnPeople

  • Helen

    Mr. Wright I commend you on the concern for your grandchildren. As parents and grand parents money is not the issue. It’s so sad the language that some people use to comment and want all praises and prayers when they have an issue. Lord keep us all, so sad!!!

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