OJ Simpson Net Worth: $3 Million (approx.)
|Net Worth:||$3 Million (approx.)|
|Date of Birth:||Jul 9, 1947|
|Height:||6 ft (1.85 m)|
|Profession:||American football player, Actor, Film Producer|
|Nationality:||United States of America|
OJ Simpson net worth is estimated to be around $3 million. OJ Simpson is a famous American football player, sports commentator actor.
OJ Simpson’s primary sources of income is a fully-funded NFL pension that is worth around $5 million. State law protects this pension money from being claimed by the Goldman family.
How much is OJ Simpson Net Worth?:
O.J. Simpson is also a convicted criminal due to a robbery/kidnapping incident that took place in Las Vegas in 2007.
OJ Simpson was also found financially responsible for the murder of Ronald Goldman. In 1995, Simpson was found criminally not guilty for the murder of Ron Goldman and and his ex-wife Nicole Brown Simpson. O.J. Simpson was not sued civilly for Nicole’s death.
As a result of the Ron Goldman civil case, OJ Simpson was ordered to pay the Goldman family $33.5 million in damages. That number has grown to over $40 million today with interest. Roughly $500,000 was paid down through the sale various assets and memorabilia.
OJ Simpson 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). If this is true, the NFL began paying him $10,565 per month starting in 2012.
Since OJ Simpson could not access or use this money while he was in prison, approximately $602,000 would have built up in OJ’s bank account. As per his close friends, OJ Simpson 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.
OJ Simpson also reportedly has a Screen Actor’s Guild pension that pays around $1700 per month. Luckily for OJ Simpson, pension income can not be touched by bankruptcy or legal judgment so it’s completely off-limits to the Goldman family.
What is oj simpson’s net worth?:
As per legal filings submitted his 1992 divorce from Nicole, OJ Simpson at that point had a net worth of $10.8 million. That’s the same as around $18 million today. Around half of his net worth was from the value of his Brentwood estate.
OJ Simpson bought that property in 1977 for $650,000 (roughly $2.5 million in 2016 dollars). Furthermore, the same filings showed that OJ’s monthly income in 1992 was $55,000. That’s the equivalent of $92,000 per month after adjusting for inflation, roughly $1.1 million per year today. The majority of that income came from OJ Simpson Hertz endorsement contract.
To settle the divorce, OJ Simpson 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 Simpson 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.
OJ Simpson Biography:
|Born:||July 9, 1947 (age 75)|
San Francisco, California
|Height:||6 ft 1 in (1.85 m)|
|Weight:||212 lb (96 kg)|
(San Francisco, California)
|NFL Draft:||1969 / Round: 1 / Pick: 1|
OJ Simpson was born in San Francisco, California on July 9, 1947.
He was raised there by Eunice, a hospital administrator, and Jimmy Lee Simpson, a chef and bank custodian. OJ Simpson’s dad was a popular drag queen in the San Francisco Bay area who later in life announced he was gay and died of AIDS in 1986.
His parents separated in 1952 and thereafter OJ was raised by his mother. In his early teenage years, OJ Simpson joined the street gang The Persian Warriors and was briefly incarcerated at a juvenile detention center. A chance meeting with baseball star Willie Mays inspired Simpson to clean up his life and stay out of trouble.
After graduating Galileo High School, OJ Simpson attended community college before going to the University of Southern California on a football scholarship. At USC, OJ Simpson was a candidate for the Heisman Trophy as a junior, and won the award as a senior.
OJ Simpson NFL Career:
In 1969, OJ Simpson was drafted as a number-one draft pick by the Buffalo Bills. Simpson demanded what was at the time the largest contract in pro sports history: $650,000 for five years. This led to tension and a standoff with the Bills’ owner Ralph Wilson. Simpson threatened to skip playing pro football altogether and become an actor.
Eventually, Wilson agreed to Simpson’s terms. OJ Simpson struggled in his first three years and averaged only 622 yards per season. Finally in 1972, Simpson rushed over 1,000 yards for the first time in his pro career.
In 1973, OJ Simpson became the first NFL player to rush for over two thousand yards in a single season. In 1975, OJ Simpson won the rushing title again, rushing 1,817 yards and scoring 16 touchdowns. Simpson’s 1977 season was cut short due to an injury.
Before the 1978 season, OJ Simpson was traded to the San Francisco 49ers, where he remained for two seasons. OJ Simpson final NFL game was on December 16, 1979 in a loss to the Atlanta Falcons. O.J.’s final play was a 10-yard run on 3rd and 10 for a first down.
OJ Simpson played in six Pro Bowls and was inducted in the Pro Football Hall of Fame in 1985. In 2019, OJ Simpson was named to the National Football League 100th Anniversary All-Time Team.
OJ Simpson NFL Earnings:
When OJ Simpson was drafted by the Bills, OJ demanded a 5-year $650,000 contract. This is the same as around $4.5 million today after adjusting for inflation. At the time it was the largest contract in professional sports history.
OJ Simpson Nickname
OJ Simpson got the nickname Juice as a play on O.J., the common abbreviation for orange juice. During OJ Simpson’s career peak, the Bills’ offensive line was nicknamed The Electric Company.
OJ Simpson Entertainment Career:
OJ Simpsonwas also a successful actor and television producer and commercial spokesman. Even before he retired from the NFL, OJ Simpson was already playing parts in TV and film. OJ Simpson 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 Simpson was the commercial spokesman for the Hertz car rental company. Simpson was considered by James Cameron to play the title character in The Terminator in 1984, but Cameron ultimately cast Arnold Schwarzenegger as The Terminator while Simpson was not involved in the film.
In addition to his acting career, Simpson was a commentator for Monday Night Football, which aired on ABC at that time.
OJ Simpson Childrens:
At age 19, OJ Simpson married Marguerite Whitley. They had three children together: Arnelle, Jason, and Aaren Simpson. In August 1979, Aaren tragically drowned in the family’s swimming pool.
Simpson met nightclub waitress Nicole Brown in 1977. Simpson was still married to his first wife, but the two began dating. OJ Simpson and Whitley divorced in March 1979.
OJ Simpson married Nicole in February 1985 and they had two children, Sydney and Justin. Their marriage lasted 7 years. OJ Simpson pleaded no contest to spousal abuse in 1989. Their divorce was finalized in 1992. They made an attempt at reconciliation in 1993 to no avail.
OJ Simpson & Murders of Nicole Brown and Ronald Goldman
In 1994, OJ Simpson was charged with the murder of ex-wife Nicole Brown and her friend Ronald Goldman. They had been found stabbed to death outside Nicole’s Brentwood condo on June 12, 1994. OJ Simpson was immediately a person of interest in their murders but did not turn himself in.
Simpson was formally charged with the murders on June 17 after investigators found a blood-stained glove on his property. OJ Simpson was the subject of a low-speed chase by police while riding as a passenger in the now-infamous white Ford Bronco, driven by his friend Al Cowlings.
TV stations interrupted the 1994 NBA finals to broadcast the chase live to an estimated 95 million viewers. The pursuit and Simpson’s arrest later on the same day were among the most widely publicized events in American history. Simpson was represented by a high-profile defense team.
The arrest and trial of OJ Simpson was one of the most publicized trials in American history. After 11 months, on October 3, 1995, the jury rendered a verdict of not guilty. An estimated 100 million people watched the verdict announcement live.
After the trial, Goldman’s father filed a civil suit against Simpson. On February 4, 1997, the jury unanimously found Simpson responsible for the deaths of both Goldman and Brown. OJ Simpson was was ordered to pay $33.5 million in damages to the Goldman and Brown families. To date, OJ Simpson has paid approximately $500,000 of those damages. With interest, OJ now owes more than $40 million.
OJ Simpson Subsequent Arrest:
In 2007, OJ Simpson was arrested for stealing sports memorabilia and was convicted on charges of multiple felony counts, including criminal conspiracy, kidnapping, assault, and robbery. OJ Simpson was sentenced to 33 years but was released in October 2017 after being granted parole on July 20, 2017.