Hugh Hefner Net Worth 2020, Biography, Education, Career, and Death.
Hugh Hefner Net Worth 2020 – He was business savvy, knew the intricacies of the challenging world of business on both national and international scales, and was also a champion when it came to ‘women affairs’. Hugh Hefner relaxed the once intense censure surrounding sex and women in the society.
He practically invented the word ‘playboy’ which gained more weight with the publication of his nude and sex-themed Playboy magazine managed by his lifestyle company Playboy Enterprises.
Biography of Hugh Hefner
Hefner served two years in the U.S. Army as a noncombatant toward the end of World War II and was discharged in 1946.
He studied at the Chicago Art Institute for a summer before enrolling at the University of Illinois at Urbana-Champaign, where he majored in psychology.
Hefner earned his bachelor’s degree in 1949, the same year he married his first wife, Mildred Williams. He later did a semester of graduate school work in the area of sociology, focusing on the sex research institute established by Alfred Kinsey.
The career of Hugh Hefner
As he was always inclined to writing, after his high school at Steinmetz High School, Hugh worked in the US Army as a writer for a military newspaper. He then proceeded to the University of Illinois at Urbana–Champaign where he got a degree in Psychology as well as in Creative Writing and Art.
He was not going to stop there, he worked briefly as a copywriter for Esquire magazine before establishing his Playboy Magazine which faced a lot of castigations.
It was called Stag Party at first before it was then changed to Playboy. Hefner was not going to be deterred by the oppositions, he went ahead to feature Marilyn Munroe using her nude calendar shoot which he rented for $200 in the magazine’s first issue.
It grossed more than he expected, selling over 50,000 copies and becoming a big source of encouragement and motivation for Hefner.
Further making clear his stands on sexuality and the liberal life, Hugh featured Charles Beaumont’s gay awareness short story which was rejected by other magazines on Playboy.
The story rejected by Esquire magazine sparked controversy when it was featured on Playboy. But for Hefner, the uproar meant more popularity and good business.
In 1963, he featured nude photos of actress Jayne Mansfield on an issue of Playboy. With this, he sparked another episode of controversy which saw him arrested for promoting obscene literature. But to his own advantage, the jury in the trial failed to reach a consensus leading to his exoneration.
It is believed that Hefner was never racist and also subscribed to the opinions of the Civil Rights Movement.
Reports have it that in the 60s, the Playboy established “private key” clubs which embraced all and sundry regardless of their racial status. He also worked with people from different racial backgrounds, preaching the message of civil rights and liberation.
The man’s desire for an inclusive society became apparent when he brought in Dick Gregory, an African-American comedian, and activist to perform in his Chicago Playboy Club. He also worked with Alex Haley, a black American writer he sent to interview American Neo-Nazi George Rockwell.
Hefner made several appearances as himself in movies and series like Sex and the City (2000), Family Guy (2007), and many others.
In 2005, Hefner and producer Kevin Burns collaborated to create the Girls Next Door series also called Girls of the Playboy Mansion which aired on E! channel from 2005 to 2010.
The reality series featured Hefner and his girlfriends Holly Madison, Bridget Marquardt, and Kendra Wilkinson who lived with him in the Playboy Mansion.
Hefner died on September 27, 2017, at his home, the Playboy Mansion, in Holmby Hills, California. He was 91.
Hugh Hefner Net Worth
At the time of his death, Hefner’s net worth was estimated to be in the neighborhood of$45 million in liquid assets.