OJ Simpson Net Worth
O.J. Simpson net worth, salary and career earnings: O.J. Simpson is an American football player, sports commentator and actor who has a net worth of $3 million. O.J. Simpson was born in San Francisco, California on July 9, 1947. He attended community college before going to the University of Southern California on a football scholarship. At USC, he was a candidate for the Heisman Trophy as a junior, and won the award as a senior. In 1969, Simpson was drafted as a number-one draft pick by the Buffalo Bills. In 1973, he became the first NFL player to rush for over two thousand yards in a single season. Before the 1978 season, Simpson was traded to the San Francisco 49ers, where he remained for two seasons. He played in six Pro Bowls and was inducted in the Pro Football Hall of Fame in 1985. Simpson was also a successful actor and television producer and commercial spokesman. He appeared in films such as The Klansman and The Naked Gun series, the miniseries Roots, and he produced a series of TV movies in the early 1980s. Starting in the 1970s, OJ was the commercial spokesman for the Hertz car rental company.
When OJ and Nicole divorced in 1992, he estimated his net worth to be $10.8 million. That's the same as around $18 million today. Around half of his net worth came from the value of his Brentwood estate. He bought that estate in 1977 for $650,000 (roughly $2.5 million in 2016 dollars). According to the settlement terms of their divorce, OJ's monthly income in 1992 was $55,000. The majority of that income came from his Hertz endorsement contract. That's the equivalent of $92,000 per month after adjusting for inflation, roughly $1.1 million per year today. To settle the divorce, OJ agreed to pay Nicole $10,000 per month in child support plus a one-time payment of $433,750 ($730,000 after adjusting for inflation). OJ also gave Nicole a rental property in San Francisco. OJ continued to live in his Brentwood mansion until he was evicted in 1997 after defaulting on the mortgage. The 6,200 square foot house was bought in foreclosure for $4 million and demolished in 1998.
In 1994, Simpson was charged with the murder of ex-wife Nicole Brown and her friend Ronald Goldman. His trial was one of the most publicized trials in American history, and ended in a not-guilty verdict. He was subsequently convicted in a civil trial and was ordered to pay $33.5 million in damages to the Goldman and Brown families. To date, he as paid approximately $500,000 of those damages. With interest, OJ now owes more than $40 million.
In 2007, Simpson was arrested for stealing sports memorabilia and was convicted on charges of multiple felony counts, including criminal conspiracy, kidnapping, assault, and robbery. He was sentenced to 33 years but was released in October 2017 after being granted parole on July 20, 2017.
Pension money: After he turned 55, OJ was eligible to receive a pension from the NFL. It's widely believed that OJ actually held off on taking his pension payments until he was 65 so he could receive a larger monthly payment ($10,565 per month instead of $4,034). Assuming this is true, the NFL began paying him $10,565 per month starting in 2012. Since he could not access or use this money while he was in prison, approximately $602,000 would have built up in OJ's bank account. According to one of his close friends, OJ also reportedly has a fully funded personal pension that is worth anywhere from $2-5 million depending on how the assets were invested and performed. He also reportedly has a Screen Actor's Guild pension that pays around $1700 per month. Luckily for OJ, pension income can not be touched by bankruptcy or legal judgment so it's completely off limits to the Goldman family.