Hugh Hefner Net Worth is $50 Million (at death)
Hugh Hefner net worth currently amounts to $43 million. He earned these fortunes as a publisher of ground breaking magazine Playboy, which gave an impulse for the transformation of the whole adult entertainment industry. The first issue of Playboy was publish in 1953 and featured erotic pictures of the actress, sex symbol and pop-culture icon Marilyn Monroe. Since then Hugh’s business developed into the global media and lifestyle company known as Playboy Entertainment. In 21th century Playboy is widely considered one of the most popular brands in entertainment business and its logo, a little bunny, is recognized all over the world. For more than six decades Hefner’s eccentric lifestyle and numerous real and staged love affairs has kept him in the headlines.
|Net Worth:||$50 Million|
|Age:||92 years old|
|Height:||5 ft 8 in (1.75 m)|
|Date of birth:||Apr 09, 1926|
|Date of death:||Sep 27, 2017|
|Nationality:||United States of America|
|Occupation:||Journalist, Businessperson, Editor, Actor, Film Producer, Entrepreneur, Publisher|
Hugh was born in Chicago, in 1926, to two strict Methodists, Glenn and Grace Heffner. Since an early childhood Hugh was an innovative thinker and demonstrated extraordinary intelligence. The gossip goes that by the time he started going to Steinmetz High School, Heffner’s IQ was 152. Despite his innate intellectual potential, the boy was a reluctant and unenthusiastic student. Instead, he chose to devote his time for side-projects and various hobbies. His passion and natural intuition for journalism, which later boosted Hugh Heffner net worth to tens of millions, unfolded particularly early. While still at Steinmetz, the teenager founded and ran a schools newspaper.
After graduation from high school, when the bloody Second World War was going toward the end, Hugh joined the United States Army. When his two years service was over, Hugh returned to his hometown and entered Chicago Art Institute, where he studied for a couple of years before transferring to University of Illinois, where he majored in psychology. In 1949, a year before getting a bachelor’s degree, Heffner was introduced to Mildred Williams, which later became his first wife.
His first job, which he landed in the early 1950s, was in an entry-level and did not make significant contribution to Hugh Hefner net worth. However, the years spent working for the Esquire magazine did not go to waste. While doing his job at this company Heffner gained invaluable experience and caught an idea for his future private business. By the time of leaving his position in 1953, Hugh had a clear vision of the man’s magazine that would have no solid competitors in the market. There was only one problem: the young and ambitious would-be businessman did not have a starting capital. In order to launch Playboy he raised some $8000 thousand from over 40 investors, including his mother. As soon as the new magazine featuring Marilyn Monroe reached the stores, his efforts started paying off: Hugh Heffner net worth shot straight to the sky.