Hugh Hefner

 Hugh Hefner was an American entrepreneur and the founder of Playboy magazine who died in September 2017 with a net worth of $50 million.

What is the net worth of Hugh Hefner?

Hugh Hefner’s net worth was assessed to be $43 million in 2009, according to documentation filed as part of a divorce. Hefner’s net worth was over $200 million at the height of Playboy. Unfortunately, the company has struggled to stay afloat in recent years, since magazine sales have plummeted.

Hugh Hefner net worth was $50 million before he dead (SOURCE:Gettyimage)

Between 2000 and 2010, the stock price of Playboy dropped by 80%. Hefner and private equity firm Icon Acquisition Holdings took the company private in 2011. Icon was later purchased out by Rizvi Traverse, a private equity group. Hefner held 35 percent of the Playboy brand and 100% of the real magazine at the time of his death.

Early life ,Age and Education

Hugh Hefner was born on April 9, 1926, in Chicago, Illinois. Glenn Lucius Hefner and Grace Caroline Hefner had him as their first child. They were both Nebraska natives who worked as accountants and teachers. Keith, his younger brother, is his only sibling. Hefner went to Steinmetz High School and Sayre Elementary School. Hugh worked as a U.S. Army writer for a military newspaper from 1944 to 1946 after graduating from high school.

Hefner earned his bachelor’s degree in 1949 from the University of Illinois at Champaign-Urbana. In just two and a half years, he completed a Bachelor of Arts in Psychology with a double minor in Creative Writing and Art. He took one semester of graduate sociology coursework at Northwestern University before dropping out.