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Hugh Hefner Net Worth: Who Inherited Hugh Hefner's Money?

Desk of Contents

Early Years

Hugh Hefner was born on April 9, 1926, in Chicago, Illinois. Glenn Lucius Hefner and Grace Caroline Hefner had him as their first youngster. They have been each Nebraska natives who labored as accountants and lecturers.

Keith, his youthful brother, is his solely sibling. Hefner went to Steinmetz Excessive College and Sayre Elementary College. Hugh labored as a army newspaper author for the US Military from 1944 to 1946 after graduating from highschool.

Hefner earned his bachelor’s diploma in 1949 from the College of Illinois at Champaign-Urbana. In simply two and a half years, he acquired a Bachelor of Arts in Psychology with a double minor in Inventive Writing and Artwork. He took one semester of graduate sociology coursework at Northwestern earlier than dropping out.


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Journal Playboy

Hefner labored as a copywriter for Esquire journal in 1952. He requested for a $5 elevate and was rejected, so he resigned from his job. The next yr, he took out a $600 mortgage and raised $8,000 from buyers, together with $1,000 from his mom, to create Playboy, a gentleman’s journal with the infamous centerfold (initially, he was going to name the journal Stag Celebration.) The primary version got here out in December 1953, virtually precisely a yr after he left Esquire. The preliminary cowl and centerfold featured Marilyn Monroe, who was photographed for a nude calendar in 1949. Over 50,000 copies of the difficulty have been offered for 50 cents every. The Crooked Man, a science fiction story by Charles Beaumont (which had been rejected by Esquire) was printed within the first situation. The journal was created in Hefner’s Hyde Park kitchen.


Hefner was the journal’s chief artistic officer of Playboy Enterprises, the publishing firm that runs it. Hugh promoted an expensive way of life in his journal and on the tv exhibits Playboy’s Penthouse (1959-1960) and Playboy After Darkish (1969-1970), which he hosted.

After publishing a nude photograph of Jane Mansfield in mattress with a person in a difficulty of Playboy in June 1963, Hefner was jailed for disseminating obscene supplies. The case went to trial, and the jury was deadlocked.


Hugh based ethnically various “personal key” golf equipment through the civil rights motion. Hefner dispatched Alex Haley (a black man) to interview George Lincoln Rockwell, the founding father of the American Nazi Celebration, in 1966.

Rockwell agreed to be questioned by Haley after confirming that he was not Jewish, and he reportedly positioned a weapon on his desk all through the interview. In 1979, the tv sequence Roots: The Subsequent Generations reenacted the historic interview, with James Earl Jones portraying Haley and Marlon Brando portraying Rockwell.


For his depiction of Rockwell, Brando acquired an Emmy Award. In 1963, Haley interviewed Malcolm X, and in 1966, he interviewed Martin Luther King Jr. Surprisingly, by 1968, all three interviewers had been assassinated.

Well-known novelists comparable to Arthur C. Clarke, Ian Fleming, Chuck Palahniuk, Roald Dahl, Margaret Atwood, Shel Silverstein, and quite a few others have continued to contribute brief tales to the journal. Ray Bradbury’s novel Fahrenheit 451 was launched in 1953 and serialized in Playboy in 1954.

Though the journal peaked within the Seventies and switched from a month-to-month to a quarterly format in 2019, it retains its reputation and distribution.

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Mansion of Playboy

Hugh lived within the 21,000-square-foot Playboy Mansion in Los Angeles, California, from 1974 till his dying in 2017. Hugh’s elaborate events, which have been attended by celebrities and socialites, made the property well-known within the Seventies. There are 29 rooms within the dwelling, in addition to a wine cellar, a movie show, three zoos, tennis and basketball courts, a waterfall, and numerous swimming pools.

Surprisingly, most individuals imagine Hugh owns the famend Playboy mansion, though this isn’t the case. Hefner paid an annual price to Playboy Enterprises to pay hire and different expenditures comparable to meals and events. That hire was round $1 million in most years. Sure, that features Hefner’s live-in girlfriends’ lodging and board as properly.

Playboy Enterprises said in January 2016 that the house was out there on the market for $200 million. It’s a major premium above a comparable home in the identical neighborhood, which might be for $60–$80 million… however there’s just one Playboy Mansion on the planet!

Daren Metropoulos bought the property for $110 million in June 2016. Daren, who was 32 on the time of Hefner’s dying, is the son of C. Dean Metropoulos, a millionaire businessman. His father is famed for bringing drooping firms like Hostess, Bumble Bee Tuna, Pabst, and Chef Boyardee again to life. The Playboy Mansion is present process substantial renovations as of April 2020.


Non-public Life

In 1949, Hefner married Mildred Williams, his highschool sweetheart. Mildred admitted to Hefner earlier than their wedding ceremony that she had an affair whereas he was within the Military. He has said that the admission was heartbreaking to him.

Mildred allegedly enabled him to sleep with different ladies as a result of she was ashamed of her personal adultery. In 1959, the 2 broke up. Christie and David have been their two youngsters. He reinvented himself as a “man about city” after the divorce, in step with the life-style he marketed in Playboy.

He claimed to be concerned with eleven Playmates over the course of a yr. Hefner modified his way of life after struggling a small stroke on the age of 58 in 1985 and married Kimberley Conrad, who was 36 years his junior. Marston and Cooper have been their two sons.Hugh Hefner Net Worth

They divorced in 2010, after being separated for greater than a decade. Crystal Harris (now Hefner) was his third spouse, they usually have been married from 2012 till his dying.


Appearances

Hugh Hefner voiced himself in Krusty Will get Canceled, a 1993 episode of The Simpsons. In a 2000 episode of Intercourse and the Metropolis, Hefner appeared as himself. He had cameo appearances on Entourage and Curb Your Enthusiasm in 2005.

Robotic Hen, Household Man, and Miss March have all made appearances on tv. He has additionally appeared in a variety of movies as a visitor star. Hugh developed and starred in The Ladies Subsequent Door, a actuality present about his life and his many girlfriends who lived with him within the Playboy Mansion, from 2005 to 2010.

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Web Value

Hugh Hefner assessed his personal net worth to be $43 million in 2009 paperwork filed as a part of a divorce. Hefner’s net worth was over $200 million on the peak of Playboy. Sadly, the corporate has struggled lately as journal gross sales have dropped dramatically.

Between 2000 and 2010, the inventory worth of Playboy dropped by 80%. Hefner and personal fairness agency Icon Acquisition Holdings took the corporate personal in 2011. The icon was later bought out by Rizvi Traverse, a non-public fairness group. Hefner held 35 % of the Playboy model and 100% of the true journal on the time of his dying.


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