Hugh Hefner Net Worth:$50 Million
|et Worth:||$50 Million|
|Date of Birth:||Apr 9, 1926 – Sep 27, 2017 (91 years old)|
|Height:||5 ft 8 in (1.75 m)|
|Profession:||Journalist, Businessperson, Editor, Actor, Film Producer, Entrepreneur, Publisher|
|Nationality:||United States of America|
Hugh Hefner net worth was $50 million at the time of his death in September 2017.Hugh Hefner was a famous magazine publisher from USA.
Hugh Hefner was the founder and editor-in-chief of Playboy magazine, a publication with revealing photographs and articles which provoked charges of obscenity. The first issue of Playboy was published in 1953, featuring Marilyn Monroe in a nude calendar shoot; it sold over 50,000 copies.
Hugh Hefner Net Worth at Death:
Hugh Hefner net worth was $50 million dollars at his death. As per paperwork filed in 2009 as part of a divorce, Hugh Hefner estimated his own net worth to be $43 million. At the peak of Playboy, Hugh Hefner net worth was over $200 million. But, the company did not perform well over the last 10-15 years as magazine sales have diminished rapidly.
In the period between 2000 and 2010, Playboy’s stock price fell 80%. The company was taken private in 2011 by Hugh Hefner and private equity firm Icon Acquisition Holdings. Another private equity firm called Rizvi Traverse eventually bought out Icon. At the time of his death, Hefner owned 35% of the Playboy brand and 100% of the actual magazine.
Here is how Hefner broke down his own finances in a court filing back in 2009:
Hugh Hefner Monthly income:
- Salary from Playboy: $116,667
- Social Security: $1,896
- Dividends and interest: $121,099
- Rental property: $17,058
- Income from HMH Productions: $15,808
- Pensions and retirement: $413
- Other miscellaneous income: $17,639
Total monthly income: $290,580
Hugh Hefner Other Assets:
- $306,548 in cash
- $36,802,558 in stocks and bonds
- $6,122,990 in a joint account with an unnamed person
Total assets (including Playboy stock and property): $43,232,096
Hugh Hefner spends his millions per month:
- Rent (including groceries, household supplies, utilities, cell phone and email): $53,593
- Food (approximate): $18,000
- Entertainment: $25,000
- College expenses for kids: $10,130
- Health care: $3,215
Hugh Hefner Biography:
Hugh Hefner was born in Chicago, Illinois on April 9, 1926 to Glenn Lucius Hefner and Grace Caroline Hefner. His parents were from Nebraska and his father worked as an accountant and Grace as a teacher. He has one younger sibling, Keith. Hefner attended Sayre Elementary School and Steinmetz High School.
After high school, Hugh Hefner served from 1944-1946 as a U.S. Army writer for a military newspaper. Hefner graduated from the University of Illinois at Champaign-Urbana in 1949. Hugh earned a Bachelor of Arts in Psychology and a double minor in Creative Writing and Art in just two and a half years. He did one semester of graduate classes in Sociology at Northwestern but dropped out.
Hugh Hefner Playboy Magazine:
In 1952, Hugh Hefner worked as a copywriter for Esquire magazine. He inquired about a $5 raise and when he was denied, he quit his job. In 1953, he took out a mortgage loan of $600 and raised $8,000–including $1,000 from his mother–from investors to launch gentleman’s magazine with the infamous centerfold, Playboy (initially, he was going to call the magazine Stag Party.) The first issue was published in December 1953, almost a year to the date after he quit Esquire. The first cover and centerfold was Marilyn Monroe, taken from her 1949 nude calendar shoot. The issue sold over 50,000 copies and sold for 50 cents apiece.
Charles Beaumont’s science fiction story, The Crooked Man, (having been rejected from Esquire) was published in the first issue. Hefner had produced the magazine in his Hyde Park Kitchen.
Hugh Hefner served as the chief creative officer of Playboy Enterprises, which is the publishing group that operates the magazine. Hugh promoted a lifestyle of luxury in his magazine and in the TV shows he hosted, Playboy’s Penthouse from 1959-1960 and Playboy After Dark from 1969-1970.
In June 1963, Hugh Hefner was arrested for promoting obscene materials after publishing an issue of Playboy featuring nudes photos of Jane Mansfield in bed with a man. The case went to trial and the result was a hung jury.
Hugh Hefner created “private key” clubs that were racially diverse during the civil rights movement. In 1966, Hefner sent Alex Haley (an African American man) to interview George Lincoln Rockwell, who had founded the American Nazi Party. Rockwell had agreed to be interviewed by Haley, only after gaining assurance he was not Jewish, and Rockwell reportedly kept a handgun on the desk during the entire interview.
The interview was reenacted in the television series Roots: The Next Generations in 1979, with James Earl Jones playing Haley and Marlon Brando as Rockwell. Brando ended up winning an Emmy Award for his portrayal of Rockwell. Haley also interviewed Malcolm X in 1963 and Martin Luther King Junior in 1966. Strangely, all three interviewees had been assassinated by 1968.
The magazine continued to publish short stories by famous novelists such as Arthur C. Clarke, Ian Fleming, Chuck Palahniuk, Roald Dahl, Margaret Atwood, Shel Silverstein, and countless others. In 1953, the novel Fahrenheit 451 by Ray Bradbury was published and serialized in 1954 issues of Playboy.
Although the magazine reached its peak in the ’70s and moved from a monthly magazine to a quarterly one in 2019, it still continues to enjoy popularity and circulation.
Hugh Hefner Playboy Mansion:
The 21 thousand square foot Playboy Mansion in Los Angeles, California is where Hugh Hefner lived from 1974 until his death in 2017. The mansion became famous in the 70s for the lavish parties Hugh would throw, attended by celebrities and socialites.
The mansion boasts an astonishing 29 rooms, a wine cellar, a movie theater, three zoos, tennis and basketball courts, a waterfall and multiple pools. Interestingly, most people assume Hugh himself actually owned the famous Playboy mansion, but in fact he did not. Playboy Enterprises owned the house and Hefner paid an annual fee to cover rent and other expenses like food and parties.
In typical years, that rent came to around $1 million. That also includes the room and board for Hugh Hefner live-in girlfriends.
In January 2016, Playboy Enterprises announced that it had put the mansion up for sale for $200 million. A comparable house in the same neighborhood would likely be worth $60 – $80 million.The mansion was bought in June 2016 for $110 million by Daren Metropoulos.
Daren, who was 32 at the time of Hugh Hefner death, is the son of billionaire businessman C. Dean Metropoulos. His father is well known for reviving sagging brands like Hostess, Bumble Bee Tuna, Pabst, and Chef Boyardee. The Playboy Mansion was undergoing extensive renovations in 2020.
Hugh Hefner Wife,childrens:
Hugh Hefner married high school girlfriend Mildred Williams in 1949. Before their wedding, Mildred confessed to Hefner that she’d had an affair while he was in the Army. He has said publicly that the admission was devastating. Reportedly, Mildred allowed him to sleep with other women out of guilt for her own infidelity. Both were separated in 1959. They had two kids together, Christie and David.
After the divorce, Hugh Hefner admitted to being involved with eleven out of twelve months’ worth of Playmates. After a stroke at age 58 in 1985, Hugh Hefner married Kimberley Conrad who was 36 years his junior. They had two sons, Marston and Cooper. They officially divorced in 2010, but had been separated for over a decade.
Hugh Hefner married a third wife, Crystal Harris (now Hefner) and they were together from 2012 until his death.
Hugh Hefner Аgе, Неіght, Wеіght:
Веіng bоrn оn 9 Арrіl 1926, Нugh Неfnеr wаѕ 91 уеаrѕ оld аt thе tіmе оf hіѕ dеаth. Hugh Hefner hеіght wаѕ 1.75 m tаll, аnd wеіgh 79 kg.
Hugh Hefner Appearances:
Hugh Hefner voiced himself in a 1993 episode of The Simpsons, Krusty Gets Kancelled. Hefner also guest starred as himself in a 2000 episode of Sex and the City. In 2005, he guest-starred on Entourage and Curb Your Enthusiasm.
Other television guest appearances include Robot Chicken, Family Guy, and Miss March. He has made several guest appearances in films as well. From 2005 to 2010, Hugh created and appeared often in a reality show about his life and his many girlfriends who lived with him at the Playboy Mansion: The Girls Next Door.
Hugh Hefner Death:
On September 27, 2017, Hugh Hefner died at his home in Holmby Hills, Los Angeles. Hugh Hefner was 91 at the time of his death. The cause of death was sepsis that was brought on by an E. coli infection.
Hugh Hefner had never met Marilyn Monroe, but in 1992 he purchased the crypt next to hers at the Westwood Village Memorial Park Cemetery to the tune of $75,000. Hefner is buried there. Hugh Hefner had told the Los Angeles Times in 2009: “Spending eternity next to Marilyn is an opportunity too sweet to pass up.”