Hugh Hefner is viewed as an icon to many, and rightfully so! Hugh first introduced Playboy again in 1953, giving upward push to the e-newsletter of nude and risqué pictures featuring probably the most biggest names in the modeling world.
Playboy Magazine went on to include an array of excessive profile celebs on their cover, together with Cindy Crawford, Marilyn Monroe, Kate Moss, the entire method to Kim Kardashian, proving itself as moderately the infamous newsletter. The whole Playboy emblem used to be tied in combination through Hugh Hefner's illustrious mansion, which hosted probably the most most mythical events in Hollywood.
While he managed to create an empire, Hugh Hefner sadly passed away in 2017, leaving at the back of fairly the property! Fans right away questioned what would occur to Hugh's fortune, and extra importantly, what would happen to Playboy as we comprehend it.
9 Hugh Hefner's Death
Hugh Hefner definitely knew how to make a reputation for himself, and extra so make a reputation for his massively successful company, Playboy Enterprises. During his reign as the founder and CEO of the company, Hugh controlled to revitalize the industry thru his many tasks, including the infamous Playboy Magazine.
Considering his legendary status, it got here as a surprise when it was once introduced that Hugh succumbed to sepsis caused by an E. coli infection on September 27, 2017. Hugh used to be 91 at the time and passed at his house in Holmby Hills, Los Angeles.
8 How Much Was He Worth?
Considering Hugh Hefner was once observed as moderately the icon, many thought that he used to be value hundreds of tens of millions. With his mansion, a slew of Playboy bunnies, large events, and naturally, the mag itself, Hugh will have to had been price that a lot, right?
Well, he wasn't. While it could come as a surprise, Hugh Hefner had a net worth of $50 million. Although this is nonetheless an enormous fortune, it is only honest that individuals figured he'd be price much more, I mean we utterly concept so!
7 Who Inherited His Money?
At the peak of Hugh's profession, Playboy was value just about $four hundred million. Although his internet worth was an eighth of what the corporate was as soon as worth, it used to be still a large sum, a sum that was calmly disbursed to his spouse, Crystal Hefner, and his 4 kids, Christie, David, Mason, and Cooper Hefner.
While they managed to get the inheritance, it got here with a catch! Hugh had created a stipulation within the inheritance that the finances be withheld if any of his kids or spouse were to become involved with substance abuse.
6 What Happened To The Playboy Mansion?
While Hugh Hefner used to be known primarily due to Playboy Magazine, it was the Playboy Mansion that at all times stuck everybody's consideration. Hugh would throw some of the maximum lavish Hollywood parties at the mansion, inviting a protracted list of high-profile celebs all through his 7-decade reign. Well, Hugh sold the home prior to his passing, then again, he was once allowed to live there up till his death.
The mansion itself was purchased by Daren Metropoulos for $100 million. Daren has promised that the mansion will remain in good order, and building is about to take place in order to restore many areas of the house.
5 The End Of Playboy Magazine?
In 2011, Hugh Hefner officially gave up his role as CEO of the company, stepping down as solely a board member. While enthusiasts nervous this could purpose numerous issues inside of Playboy Enterprises, no such factor came about.
Well, following Hugh's death, fans found themselves worried for the publication this time around. Although rumors began swirling that Playboy Magazine would cease to free up new problems, it's change into clear that they don't seem to be handiest proceeding the publication however making some slightly stellar changes, too!
4 Ben Kohn & Cooper Hefner Take Over
With Hugh Hefner having been out of the image since 2011, many have puzzled who owns Playboy Enterprises. In 2009, Scott Flanders stepped in, and in 2016, Ben Kohn took over.
While Kohn, who was prior to now the Managing Partner at Rizvi Traverse, has taken on the role of CEO, it's in truth Hugh's son, Cooper Hefner who has taken on the position of Chief Creative Officer, ensuring that Hugh's affect within the newsletter remains for years to come.
3 Playboy Will Continue To Support LGBTQ+
According to Hugh Hefner himself, gay rights were a major part of the sexual revolution, one thing Hefner stood through wholeheartedly. Hefner made his stance on equal rights very clear for a long time, permitting his newsletter to discuss on matters surrounding LGBTQ+ issues, which Playboy Enterprises has assured fans will proceed to happen within the corporate.
Earlier this 12 months, Playboy celebrated Pride Month, on the other hand, they don't seem to be new to the birthday party. Playboy notoriously employed a transgender type back in 1991, receiving immense backlash from the general public. More recently, CCO, Cooper Hefner tweeted out: "We should collectively be fighting for a more open world, not one that promotes hatred and a lack of acceptance."
2 Playboy Off Of Social Media
Don't worry! Playboy is not actually going anyplace off of social media. While they continue to be lively on Twitter and Instagram, it was once announced back in March that the company decided to deactivate its Facebook page amidst the talk surrounding Cambridge Analytica the use of the platform to steal personal data. Playboy wasn't the only one to achieve this! Elon Musk, Will Ferrell, and Cher all left the network, too.
1 The Classics Are Coming Back
In 2017, Playboy gave everyone a scare after they introduced they would formally be axing nudes! Well, a year following the inside track, the publication announced that they might be bringing it again!
"That was our April Fool's joke for the last year," Cooper Hefner jokingly told E! News. "We were just playing a really, really sick joke. We thought, 'Hey, let's take the nudity out for a year and then bring it back around April. It was funny, right?" No, Cooper. It wasn't.
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