Hugh Hefner is the founder of Playboy Enterprises, died on Wednesday, of natural causes, at the age of 91.
In the year of his demise, Hefner’s Net worth is estimated at around $45 million of liquid assets, according to Wealth-X. Their four kids of his were given his fortune following his passing. However, that does not include what he earned from his residence, the famed Playboy Mansion. Hefner put his Playboy house for sale with a 200 million price tag at the beginning of 2016 and sold it in the summer of 2016 for $100 million, but with the caveat that Hefner may remain in the house and that the sale could not be completed until the death of Hefner.
Hefner bought his Playboy house at $1.1 million in 1972. This was the highest private home purchase ever made for a home in Los Angeles. This acquisition took place during the era that was considered to be the peak of the fame and fortune of Hefner in the 1970s when one edition of Playboy magazine sold 7 million copies, and his net worth was said to be more than $200 million. This is equivalent to greater than $1 billion today in dollars.
The Hefner’s Playboy business empire, which later expanded into nightclubs, hotels and nightclubs as well as cable channels and reality TV shows as well as the magazine, began with very humble beginnings.
Oh my! Hefner the creator Hefner, the founder of Playboy Enterprises, died on Wednesday, of natural causes, at the age of 91.
In the year of his demise, his Net worth is estimated to be $45 million worth of liquid assets, according to Wealth-X. Their four kids of his were given his fortune following his passing. This doesn’t even include any value for his house, the famed Playboy Mansion. Hefner put his Playboy house for sale with a 200 million asking price in the early months of 2016 and sold it during the summer for $100 million, with the condition that Hefner could live there, and the deal was not complete until the time his death.
Hefner bought his Playboy home 1972 for $1.1 million back in the year 1972. It was, at the time, the most expensive private home purchase ever made to be sold in Los Angeles. The acquisition occurred at the peak of his fortune and fame, as the single edition of Playboy magazine earned seven million copies, and his net worth was reported to be more than $200 million. That could be equivalent to greater than $1 billion in current dollars.
The Hefner’s Playboy business empire later expanded into nightclubs, hotels and nightclubs as well as cable channels, as well as reality television shows. The magazine began with the most humble of beginnings.
As reported by The Chicago Tribune, Hefner spent $200 on naked images of Marilyn Monroe from a calendar to be used in the initial edition of Playboy. “He put together the first issue of Playboy on his kitchen table,” the Tribune said. “The first issue had no date because Hefner wasn’t sure there would be a second.”
However, the first issue sold out of approximately 50,000 copies in less than two weeks. And a success story was born.
Hefner is still a close friend of the other iconic Marilyn Monroe. In 1992, he purchased $75,000 for the burial plot close to Monroe at Westwood Village Memorial Park Cemetery in Los Angeles, and it is believed that Hefner will be laid to rest there.
In retrospectively, Hefner received a reasonable price when he purchased the property in 1992. Since then, burial plots in Monroe were put on the market for $700,000, and the vault directly over Monroe was auctioned off via eBay on the 29th of September 2009 for $4.6 million.