Here's who will likely inherit Hugh Hefner's millions

By | septiembre 28, 2017
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Hugh Hefner, the founder of the Playboy empire who died on Thursday at the age of 91, leaves behind a brand worth millions and a fortune that accumulated, and dissipated, over decades.

Hefner’s wealth was widely estimated to be about $US50 million ($63.7 million) at the time of his death, though market researcher Wealth-X told Business Insider that Hefner was worth at least $US110 million, with roughly $US45 million in liquid assets.


Playboy founder Hugh Hefner dies at 91

A pop culture icon and founder of the Playboy magazine has peacefully passed away at his home.

According to London’s The Daily Telegraph, at the height of Playboy’s success in the early 1970s, Hefner was reported to be worth about $US200 million for the men’s magazine that he founded in 1953.

The outlet reported that Hefner owned 35 per cent of the Playboy brand at the time of his death.

He also owned 100 per cent of the magazine itself, the sales of which had declined severely over the years. (His 70 per cent ownership of Playboy stock was valued as high as $US399 million in 1999, according to The Telegraph.)

The question of who will inherit Hefner’s wealth is somewhat nebulous since it is unclear what his will entailed.

Hefner has four surviving children, including his daughter, Christie Hefner, who was the CEO of Playboy Enterprises for two decades until 2008.

Cooper Hefner, his 26-year-old son, is currently the chief creative officer for Playboy.

London’s The Mirror reported that Crystal Hefner, Hefner’s 30-year-old wife of five years, will “inherit nothing” of her late husband’s wealth, due to an “iron-clad prenuptial agreement”.

The outlet does stipulate, however, that Crystal will be “looked after”.

US Weekly reported in 2013 that Hefner’s wealth would be left to “his children, the University of Southern California film school and a variety of charities”.

This story first appeared in Business Insider. Read it here or follow BusinessInsider Australia on Facebook.

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