|Net Worth||$45 Million|
|Born||April 9, 1926|
|Country of Origin||United States of America|
|Source of Wealth||Entrepreneur|
What is Hugh Hefner’s net worth? Born Hugh Marston Hefner on April 9, 1926, in Chicago Illinois, Hugh was known for his incredibly high IQ. It was reportedly 152 while he was in high school. His high IQ didn’t provide amazing results in school, but he did become the president of the student council and founded the school’s newspaper.
After he graduated from high school, he served two years in the U.S. Army as a noncombatant near the end of World War II. He was discharged in 1946.
When he returned, he studied at the Chicago Art Institute for a summer before enrolling at the University of Illinois where he majored in psychology. Hefner earned his bachelor’s degree in 1949, and by the early ‘50s, he found a copywriting job for Esquire magazine. He would later remove himself from the publication after they refused to give him a $5 raise.
Without a job, and still young enough to take a risk, Hefner started his own publication, Playboy magazine. He raised a total of $8,000 from 45 investors, including his mother who gave him $2,000.
The magazine hit newsstands in December of 1953, and to basically guarantee success, Hefner purchased a color photograph of a nude Marilyn Monroe and placed it in the centerfold of the magazine. The first issue sold over 50,000 copies. It was a success. It was perfect timing as America was coming out of the years of war and economic struggles. They were ready to be entertained.
By 1960, Playboy magazine was more popular than Esquire and was selling a million copies a month. The heavy workload took its toll on Hefner’s marriage though, and he ended up divorcing his first wife in 1959.
As a newly single man, and the founder of Playboy magazine, Hefner had several girlfriends and was known for being a bit of a romantic. By the 1970s, good ol’ Hef had built the Playboy empire into a major corporation, earning over $10 million in profit in 1972.
He has married a total of three times throughout the years and had four children before ultimately dying at the age of 91 in 2017. According to the reports, Hugh Hefner’s net worth was worth around $45 million before his death. His fortune was split evenly between his children. Like Michael Jackson, Hefner continues to make money well after his death.