What Is OJ Simpson's Net Worth? Disgraced Celebrity Has Lost Millions Ahead Of Parole Hearing
Orenthal James "O. J." Simpson was once worth millions of dollars at the height of his fame in the early 1990s, but he suffered financial struggles in the years following the controversial 1995 criminal trial in which he was acquitted of the murder of his ex-wife Nicole Brown and Ron Goldman.
Simpson's money troubles started after his acquittal. In February 1997, he was found guilty in an expensive wrongful death civil suit by the Goldman and Brown's families in February 1997 and was ordered to pay them $33.5 million.
According to an estimate by the website The Richest, Simpson is worth approximately $250,000. The figure is a relatively slim amount considering the football star was worth over $10 million in 1992 at the time of his divorce with his slain ex-wife.
The Heisman Trophy winner met Thursday with a Nevada Parole Board and requested an early release after being convicted of armed robbery, kidnapping and 10 other counts in October 2008.
The charges stemmed from an event where Simpson and five other men forced their way into sports memorabilia collector Bruce Fromong's Las Vegas hotel room and robbed him at gunpoint. Simpson claimed he was trying to get personal items stolen from his home years ago.
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Simpson, who spent 11 seasons playing professional football, still has access to his NFL pension, which is an estimated $25,000 per month. He also can receive a Screen Actors Guild (SAG) pension, in which he invested $5 million years ago, according to a friend Tom Scotto from an interview Sunday with USA Today.
The 70-year-old has been held in Lovelock Correctional Center since 2008.
Simpson pledged at the start of his sentence to be "the best prisoner [they’d] ever have" to officials at the prison. In 2013, he came before the parole board where he listed his positive contributions including mopping floors and disinfecting prison gym equipment. He was granted parole in five of the 13 charges.
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Dennis Deninger, professor of Sports Management at Syracuse University, said that it would be difficult, but not impossible, for Simpson to make money now that he has been released on parole from prison.
"There's no amount of money that will get him his reputation back," Deninger told International Business Times in a phone interview Thursday. "No one is at fault for that other than himself."
When asked how Simpson could make money now that he's out of jail, Deninger said that Simpson could sell his story about his time in jail.
"He could probably sell rights to his story — the 'O.J. in jail' story," he said, noting that there are a multitude of content sources either online or in a book form. "There might be somebody would buy the rights to that."
Darren Rovell of ESPN calculated that Simpson still collects NFL pension checks that add up to over $600,000 accrued while the former football star was in jail.
In a 2014 interview with CNBC, Goldman's sister, Kim Goldman, said the family has collected less than 1 percent of the judgment.
Simpson defaulted in 1997 on the mortgage of his Brentwood estate in Los Angeles, which was then foreclosed by Hawthorne Savings Bank who bought the house for $2.6 million dollars. The bank then sold the house for nearly $4 million to before the new owner demolishing it.
He also sold his Florida estate in June 2014 for $655,000, according to a report in the Daily Mail.
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