O.J. Simpson Could Enjoy a Healthy Income Once He’s Released
His numerous pensions could add up to hundreds of thousands of dollars a year.
O.J. Simpson was recently granted parole and is set to be released as early as October 1. But what will his life be like outside of prison?
USA Today reported that Tom Scotto, a friend of Simpson’s, said Simpson has invested $5 million in a private pension. In February, Sports Illustrated reported that the former football star could receive as much as $25,000 per month from the NFL. In addition to that, Simpson could also receive pension payouts from the Screen Actors Guild.
Simpson had been serving a 33-year sentence—with a nine-year minimum—for armed robbery, kidnapping, and other charges stemming from a 2007 incident in Las Vegas. He was found guilty in 2008. The former football star, now 70, was famously tried and acquitted in 1995 for the murder of his ex-wife Nicole Brown and her friend Ronald Goldman.
Though Simpson’s net worth is hard to pin down—Time reports he has roughly $250,000 in the bank, while CelebrityNetWorth.com reports he’s worth $3 million—his pension income would not be subject to seizure by creditors. Also, in the 1990s, Simpson moved to Florida, where state law prohibits the seizure of one’s home to pay off any damages from a lawsuit.
That’s important, since Simpson still owes tens of millions of dollars because of a 1997 civil lawsuit, where he was found liable for the wrongful deaths of Brown and Goldman. He was ordered to pay $33.5 million in damages to the survivors’ families.