Barry Sherman’s will decreed that if he died, all “net income” from his multibillion-dollar estate would go to wife Honey for her “comfort and maintenance” and “anything else my wife directs,” according to new information the Star has obtained in its ongoing investigation of the 2017 double murder of the high-powered philanthropists.
Honey would not control “capital” decisions, such as whether to invest in or sell shares or a major asset. Still, all the net income after expenses from the operation of businesses like the generic drug giant Apotex or her husband’s many real estate holdings would be hers to do with as she pleased.
With both Shermans dead, the estate — net income and capital — passed directly to the four Sherman children, son Jonathon and his sisters Lauren, Alexandra and Kaelen, to be split equally, according to family sources. As the Star will reveal in coming days, there are ongoing disputes over control and succession of the Sherman empire.
