Monday, May 16, 2022

Net Worth of Playboy Founder Hugh Hefner at His Death

Must read

Shreya Christinahttps://cafe-madrid.com
Shreya has been with cafe-madrid.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider cafe-madrid.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

Secrets Of Playboy, directed by Alexandra Dean is a 10-part A&E network docuseries that started this week on 24th Jan at 9 PM. It explores the Playboy magazine patriarch Hugh Hefner‘s life, home, and career.

The documentary has also interviews with several of his former playmates, bunnies, girlfriends, and employees.

Hugh Hefner was very wealthy as the founder and editor-in-chief of Playboy magazine with an estimated net worth of $50 million.

We will cover Hugh Hefner’s net worth at the time of his death along with other facts about him in our article today. Scroll down!

Hugh Hefner net worth and other details

As per the documents submitted by Hugh Hefner, an American entrepreneur and founder of Playboy magazine, as part of a divorce in 2009, he estimated his own net worth to be $43 million.

His net worth was more than $200 million during the peak of Playboy. As the magazine sales were moving southwards drastically in the last several years the company was not performing well. The stock price of the company crashed more than 80% from its high between 2000 and 2010.

In 2011, Hefner decided to delist the company with the help of private equity firm Icon Acquisition Holdings. Hefner held a 35% stake in the Playboy brand and 100% of the actual magazine at the time of his death in 2017.

His overall monthly income was around $290,000 and various other assets like Stocks, Bonds, cash, etc along with an amount of more than $6 million held jointly with an unnamed person.

His total assets including the shares in Playboy company and real estate properties were estimated to be $43.2 million.

Lavish life in Playboy Mansion:

Hugh resided in a huge 21 thousand square foot Playboy Mansion in the city of Los Angeles, California for more than four decades from 1974 to 2017. During the 1970s, the mansion was known for hosting lavish parties thrown by Hugh which were attended by many famous celebrities and socialites.

The mansion has 29 rooms, a movie theater, three zoos, tennis and basketball courts, and several pools. Needless to mention, there was a room and board for Hugh’s live-in girlfriends. Many people were under the impression that Hugh was the owner of the famous Playboy mansion, however, the house was owned by Playboy Enterprises.

Hugh used to pay an annual fee of approximately $1 million towards rent and other expenses incurred for food and miscellaneous party expenditure. The mansion was put up for sale in January 2016 for an ask price of $200 million which was a huge premium for a relatively comparable house in the same locality.

Eventually, six months later it was sold for $110 million to Daren Metropoulos, son of billionaire businessman C. Dean Metropoulos.

Personal Life:

Hugh Hefner was born in the year 1926 in Chicago, Illinois. In 1949, Hefner completed his graduation from the University of Illinois. In the same year, Hugh married his high school sweetheart Mildred Williams.

They got separated in the year 1959. The couple had two kids – Christie and David during their ten years of marriage. His lifestyle was akin to the same which he promoted in playboy especially after his divorce.

When he was 58, he suffered a minor stroke in the year 1985. Post this incident he toned down his lifestyle and decide to marry his junior Kimberley Conrad. He married Crystal Harris for the third time in 2012.

Hugh passed away on Sep-27, 2017 aged 91.

Stay tuned to TheTealMango for more such articles!


More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article