Hugh Marston Hefner was born on April 9, 1926 in Chicago, Illinois, United States of America. He is a successful businessman known around the world, in particular because Hugh has founded Playboy Enterprises and works as a chief creative officer of the company. He is also known as a host and creator of television shows made by Playboy Enterprises.
Under the latest estimations, it has been reported that the net worth of Hugh Hefner has reached the sum of $50 million. It has been declared that Hefner has more than $36 million of assets in stocks and bonds. Every month he receives a salary from Playboy of $116,000, and every year he earns about $1.5 million in dividends and interest.
Hugh Hefner Net Worth $50 Million
Hugh Hefner together with his brother was raised in the family of two educators. In 1949, he graduated with a bachelor degree from the University of Illinois. Later, he studied at Northwestern University but after several semesters dropped out. In 1953, Hugh raised investment funds for the start of a new business: magazines for adults. He clearly felt that this new venture would be very successful and profitable. The first magazine was published at the end of 1953, featuring nude photographs of Marilyn Monroe: more than 50,000 copies were sold. It proved to be a prosperous business which soon expanded and offered an extensive range of adult entertainment. Until 1982 Hugh controlled the company, and from 1982 to 2009 the CEO and chairman of the board was his daughter, Christie Hefner. Hugh Hefner has a strict anti-drug policy in his company.
Being a popular personality on television and the whole entertainment industry, Hugh has his own star on the Hollywood Walk of Fame. He has been working on a number of television projects and shows, the most notable work was reality television series titled “The Girls of the Playboy Mansion” (2005-2010) created by Kevin Burns and Hugh Hefner, in which Hugh has also been starring alongside Holly Madison, Bridget Marquardt, Kendra Wilkinson, Crystal Harris, Kristina Shannon and Karissa Shannon.
Hefner is also an active philanthropic. He helps to raise funds and donations for a number of initiatives, from the Hollywood Sign restoration to the University of Southern California’s School of Cinematic Arts course of censorship in cinema creation. Having in mind that Playboy Enterprises was created decades ago, it is still a very profitable business which adds large amounts into Hugh’s net worth every day.
Hugh Hefner has been married three times. In 1949, he married his first wife Mildred Williams, and two children were born into their family. They divorced after ten years of marriage in 1959 as Hugh could not forgive the affair his wife had while Hugh served in army. From 1969 to 1976, he was in a long-term relationship with Barbi Benton. In 1988, Herfer suffered a mini stroke after which he changed his lifestyle. In 1989, he married his second official wife Kimberley Conrad. They have two children together, both boys named Marston and Cooper. However, in 2010 the couple filed for divorce, though Hefner had a relationship with Brande Roderick in 2000 for almost a year. In 2012, Hefner married his current wife Crystal Harris.
