Hugh Marston Hefner was born in 1926 in Illinois, United Stateswas an American businessman, editor and film producer, as well as a publisher. To the public, Hugh Hefner was best known as the founder of the global media and lifestyle company called “Playboy Enterprises”, known for its publishing group, which is responsible for the release of “Playboy” magazine, as well as an entertainment group, which encompasses the “Playboy TV” channel, “Spice Networks” and “Playboy Online” internet business segment. Over the years, “Playboy Enterprises” has become one of the most popular companies in the industry, while its rabbit logo is considered to be among the most recognized brands worldwide. The “Playboy” magazine has made significant contributions to the overall popularity of the company, with more than 5.6 million readers. He passed away in 2017.
A well-known businessman, how rich was Hugh Hefner? According to sources, in 2013 he earned a base monthly salary of $116,000 from “Playboy”, collected $1.4 million in dividends and interest earnings, and added a sum of $189,600 from “HMH Productions”, so that year his income amounted to over $3 million, while his rental property earnings brought him $204,600. Hefner’s assets in bonds and stocks amount to $36.8 million, in addition to over $300,000 assets he had in the bank. Aside from that, the total value of his joint bank accounts amounted to over $6 million. In regards to his overall wealth, Hugh Hefner’s net worth has been estimated at over $50 million, accumulated from his various business ventures over more than six decads.
Hugh Hefner Net Worth $50 Million
Hugh Hefner studied at Steinmetz High School, and later enrolled at the University of Illinois at Urbana Champaign, graduating with a bachelor’s degree in psychology, and intended to continue his studies at the Northwestern University, but left the university after completing one semester. Hefner started his working career with “Esquire” magazine, where he held the position of a copywriter. He left the company in 1952, and instead began collecting money in order to release the first issue of “Playboy”, which he initially named “Stag Party”. The first issue of the magazine, which included a picture of Marilyn Monroe, was published in 1953 to large public interest. Even though Hefner was criticized and even arrested for publishing “Playboy”, the magazine became a key to his global success. Since that point, Hugh Hefner was featured in a variety of television shows and films, and even had two biographical films made about him, namely “Hugh Hefner: American Playboy”, which was released in 1996, and the 2010 film “Hugh Hefner: Playboy, Activist and Rebel”. For his contributions to the industry, Hefner was honored with a star on the Hollywood Walk of Fame.
In regards to his less-than-private personal life, Hefner was conspicuous, in fact famous for dating numerous glamorous women, most of whom were working in the “Playboy Mansion”; these included Holly Madison, Kristina and Karissa Shannon, Kendra Wilkinson, and Tina Marie Jordan to name a few, with several of whom he had lengthy relationships. In 2012, he married Crystal Harris, who at the time of their wedding was 26 years old. He was previously married to Millie Williams from 1949 to ’59 with whom he had a daughter and a son, and Kimberley Conrad from 1989 until 2010; they had two sons. Following heart problems in the early ’80s, Hefner moderated his partying lifestyle somewhat.
Hugh Hefner passed away at his Playboy Mansion in Holmby Hills, California, on 27 September 2017, aged 91.
