Hugh Hefner’s net worth is estimated at $50 million in 2017. He is known for being the founder of Playboy Enterprises. Moreover, Hugh is also as World War II veteran. Now 91 years old, Hugh Hefner was born in Chicago, Illinois in 1926. He founded Playboy and to this day enjoys the fame and wealth it has accumulated for him.

Playboy magazine is considered an iconic publication. Hefner began this magazine in 1953 and was a huge hit right from day one, in which Marilyn Monroe was on the cover. This magazine sold 50,000 copies and it was nothing more than a miracle for a magazine’s first issue.

You could say that at its peak the term “Playboy” had become a household term, and Hefner was a name everyone knew due to the magazine. At the time when Playboy had its golden days, Hefner had a net worth of $200 million. His net worth went down so much because the brand has not been doing so great for the past two decades. In fact, Playboy lost 80% of the value of its stock during these 2 decades.

When the stock prices took a nosedive, he turned the company into a private company and the equity was distributed among Hefner and two other firms. Hefner has 35% equity in the brand Playboy; however, he remains the 100% owner of Playboy magazine.

One of the most commonly known pieces of misinformation associated with him is that he owns the famous Playboy Mansion – which isn't the case. By paying an annual rent, Hefner lives in this mansion only as a tenant. Every year he has to spend nearly $1 million to live and play in that famous mansion of his – you can consider he pays this as rent.

Hugh Hefner earns nearly $4 million every year. He makes this money from many different sources, but Playboy remains his most profitable and lucrative source of income. Every month he earns $150,000 from Playboy. His investments in dividends and interests make him nearly the same amount of money as he makes from his Playboy salary each month. He also makes around $17,000 from his rental properties.

He has nearly $300,000 in cash and another $600,000 in a joint account with a person not known to the public. He also has a huge asset of $36,800,000 in the shape of bonds and stocks. When you total all these figures they come very close to the figure of $43 million he provided as part of the legal process when divorcing his second wife in 2009.

He first married in 1949 to Mildred Williams. Their marriage lasted for 10 years and they had 2 children: a daughter named Christie and a son named David. In 1989, he married Kimberly Conrad, the playmate of that year. From her he had two sons, Marston and Cooper. This marriage ended in 2010, but it was the same year he got engaged to Crystal Harris. Crystal Harris was 26 years old when she married Hefner – who was 86 at the time.

With a yearly rental to cover his lifestyle in the mansion, it is safe to say that Hefner has permanently moved in. Playboy Mansion was bought by Daren Metropoulos in 2016, but as part of the agreement, Hefner is allowed to live in that house until his death. The house was put up for sale for a huge price of $200 million, but was bought at a price of $105 million.

Hugh Hefner

The Homes of Hugh Hefner