Here’s Who Inherited Hugh Hefner’s Money After He Died
In 2017, the world said goodbye to Hugh Hefner, the man behind Playboy magazine, at the age of 91. Despite a successful business career spanning decades, his net worth was $50 million at the time of his death, according to Celebrity Net Worth. Let’s take a look at who inherited his money and the unique details surrounding his wealth.
Limited wealth business icon
Hugh Hefner’s empire was indeed vast, but a reported $50 million net worth might seem surprisingly low. The reason is that Hefner does not own the rights to the Playboy brand, including his name and image. In addition, the famous Playboy mansion, known for its legendary parties, was sold before his death. That left Hefner without any real estate under his name, Cheat Sheet reports.
Home in the Playboy mansion
Although the Playboy mansion was sold, Hefner continued to reside there until his peaceful death on September 27, 1991. Due to various health problems, Hefner remained connected to the mansion where he organized extravagant gatherings. Newsweek reported that he was laid to rest next to Marilyn Monroe at Westwood Village Memorial Park. After purchasing a plot next to Monroe’s for $75,000 in 1992, Hefner’s final resting place reflects his relationship with the legendary first Playboy cover model.
Family ties and lasting memories
Hugh Hefner’s personal life included marriage to Crystal Harris, his third wife since 2012, and four children from previous relationships — Christie, David, Marston and Cooper. Although the details of his last will and testament remained secret, the details emerged in Holly Madison’s book, “Down the Rabbit Hole.” Madison, Hefner’s ex-girlfriend from 2001 to 2008, offered insight into the distribution of his wealth. Reportedly, half of his fortune will be given to charity, and most of the remaining half will be divided among his four children.
The Enigma of the Crystal Harris Inheritance
Details of Crystal Harris’ inheritance remain shrouded in secrecy. Reports in 2013 suggested she signed a prenuptial agreement before marrying Hefner. According to Us Weekly, Hefner’s fortune was earmarked for his children and select charities. However, an intriguing clause in his will, as reported by the Independent, indicated that beneficiaries could lose their inheritance if they struggled with alcohol or drug-related problems.
Preserving Hefner’s philanthropic spirit
A significant part of Hugh Hefner’s fortune was intended for charity. His commitment to philanthropy extended to devoting half of his fortune to various causes. The gesture reflects Hefner’s desire to leave a lasting impact beyond his entrepreneurial legacy, emphasizing the importance of giving back.
Bottom line: legacy over wealth
Hugh Hefner’s financial story unfolds as one of complexity and unique clauses. While details of Crystal Harris’ legacy remain under wraps, Hefner’s commitment to charity underscores a commitment to leaving a positive legacy. Beyond the numbers, Hefner’s media influence and his iconic Playboy brand ensure that his legacy lives on in the cultural fabric, reminding us of the man who changed the entertainment landscape forever.