What is O.J. Simpson Net Worth? Orenthal James Simpson, also known as OJ Simpson, is one of the most famous American football players who was convicted and sentenced to prison due to the double homicide case in which he was accused of killing his ex-wife Nicole Brown Simpson and her friend Ronald Goldman in 1994. If you want to know how rich he actually is, then you should know that the football player has an estimated net worth of $22 million by the end of 2017. However, it seems that he won’t be able to enjoy his wealth in the near future since he’s currently serving imprisonment at Nevada state prison since 2008.
Simpson was a professional football player for 11 years, 10 with the Buffalo Bills and one with San Francisco 49ers. He played in college for three years at USC where he finished second in Heisman voting during his senior year (1974). In 1978, he was drafted by Buffalo and then retired from football after his 1984 season to focus on his acting career. His career as an actor began two years prior when he starred alongside Natalie Wood in ‘The Tender Trap.’ He has continued acting until now; despite numerous Emmy nominations, his most well-known role is that of himself on The Simpsons – specifically Krusty The Clown’s long-running nemesis Sideshow Bob who is known to kill people.
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Current Expenses and Sources of Income
Despite being out of football for over a decade, his net worth continues to rise due to various investments, royalties and endorsements. In 2006 he earned $1 million from asset sales and $2 million through book royalties alone. In 2007 he earned $65 million dollars when the rights to his life story was sold to FX cable channel along with an additional $60 million dollars after a movie and television deal was signed with NBC Universal in 2008. The next year he signed another multimillion-dollar deal with Electronic Arts video game company called Orenthal James where it allowed him to use his name, image and voice on new video games produced by them.
As we mentioned, it’s not easy to estimate how much money an athlete will make from playing a sport each year. For example, if he retires at 30 years old with an estimated $80 million, that’s about $4 million a year for 20 years. But his salary isn’t guaranteed—OJ could get cut or might decide to retire earlier than expected due to injury—so it’s possible that he could earn much less throughout his career. If he earns $8 million a year and lasts 15 years, his total earnings are around $120 million.
Estimating Income Tax
Taxes are a fact of life for U.S.-based wage earners, and taxes on income range from 10% to 37%. It can be difficult to calculate one’s approximate tax liability because each year taxes are determined differently, but there are some general ways to estimate how much you’ll owe in income tax come April 15th (or whenever your region’s due date falls). In addition to taking note of any state income taxes that apply, it’s important not to overlook other forms of taxable income such as capital gains, dividends and interest – all three affect tax obligations. Another thing that can help lower your tax liability is making contributions to qualified retirement accounts like an IRA or 401(k) as these accounts tend to receive preferential treatment when calculating taxes owed on investment profits.
Estimated Total Assets, Liabilities, and Net Worth
In 2012, Forbes estimated that Simpson had a net worth of $250 million. This was a far cry from his heyday, however; during his trial, it was estimated that he was worth upwards of $10 million; many felt that number would increase with time as he cashed in on a possible autobigraphy and product endorsements for everything from sports equipment to cereal products bearing his name (Orenthal Crunch anyone?). Due to taxes and increasing expenses (such as maintaining two residences), Forbes concluded that by 2015, O.J.’s net worth was somewhere between $1 million and $5 million.
O.J. Simpson Net Worth
O.J Simpson estimated net worth of $22 million.
Last Updated on January 3, 2022
Andrew Smith is a professional News researcher and writer. He has been writing latest tending news articles for various news agencies.