NET WORTH: $43 MILLION
How Much Is Hugh Hefner Worth?
Hugh Hefner has an estimated net worth of $43 million as of September 2009. The estimated is the figure filed in his divorce with Kimberly Conrad. Hefner wealth to a hit after Playboy’s stock lost over 80% of its value. Many people assume Hugh is the owner of the famous Playboy mansion, but in fact he does not. Playboy owns the house and Hugh pays an annual rent to cover his expenses including his girlfriend’s.
Hugh Hefner founded his famous Playboy Magazine in 1953. It was a lifestyle publication that tackled about concupiscence and sex during the time when such topics were not openly discuss in public.
Its first issue featured the famous photo of Marilyn Monroe which made it an instant blockbuster on the market. Through the years, Playboy has earned a reputation because of its in-depth interviews with celebrities, high quality contents and controversial naked photos of beautiful women. Playboy definitely became a success in the 60s and 70s. Hefner opened nightclubs which feature ‘bunnies’, the scantily-clad hostesses of the clubs. He also launched the Playboy’s Penthouse. He suffered from stroke in 1985 which led him to turn over the business to his daughter Christie in 1988. In the late 1990s, he came back to the business as a senior citizen but with younger girlfriends. In 2005, he appeared in the series The Girls Next Door which put the lives of Hefner’s three live-in girlfriends, Holly Madison, Kendra Wilkinson and Bridget Marquardt under controversies. In 2010, these three were replaced by new ones. He had two failed marriage. His marriage to Mildred Williams in 1949 lasted until 1959. The couple had two children named Christie who was born in 1952 and David, born in 1955. After three decades, he married Playboy’s “Playmate of the Year”, Kimberly Conrad. In 2010, they were divorced. The couple had two sons, Marston (born in 1990) and Cooper (born in 1991). On December 25, 2010, Hefner’s engagement to one of his girlfriends, Crystal Harris was announced. She was Miss December 2009 of Playboy magazine. Days before their scheduled wedding, she broke off their engagement. In 1949, Hugh Hefner graduated with a degree in Psychology from the University of Illinois.