O.J. Simpson Will Take Home About $25,000 a Month if Released from Prison
O.J. Simpson goes before a parole board in Nevada on Thursday to see if he'll be released from prison.
But what will Simpson's life be like if he gets out of jail, which could be as soon as Oct. 1 if the parole board agrees to release him? Simpson still owes tens of millions of dollars in the wake of a 1997 civil lawsuit, in which he was found liable for the wrongful deaths of his wife Nicole Brown and Ronald Goldman, and ordered to pay $33.5 million in damages to the survivors' families.
Even so, Simpson will probably be quite comfortable financially if and when he is released from jail, thanks to pensions that may pay out more than $25,000 per month — funds that aren't subject to seizure by creditors.
The former football star, who was tried and acquitted in 1995 for the murder of Brown and Goldman, is currently incarcerated because he was found guilty in 2008 of armed robbery, kidnapping and other charges in Las Vegas. He was sentenced to 33 years in prison, with a nine-year minimum. He has already served more than eight years, and in the extremely unlikely scenario that he is never paroled, he would be released in 2041.
It is unclear what Simpson's net worth is right now — with some outlets like GoBankingRates.com saying he has roughly $250,000 in the bank while others have much higher estimates including CelebrityNetWorth.com, which reported that he's worth $3 million.
Either way, it's a steep drop from Simpson's heyday. In 1992, when Simpson was in divorce proceedings with Brown, his net worth was an estimated $10.8 million, the equivalent of $18 million in today's dollars.
But regardless of how much he is worth at the moment, Simpson will reportedly receive significant income monthly once he is released thanks to his pensions.
Read more from Time here: http://time.com/money/4866377/oj-simpson-net-worth-pension-civil-lawsuit-parole/