The Playboy founding father who will always be remembered for publicizing scantily clad women for all to see will always be a historic name. Hugh Hefner, American magazine publisher and chief creative officer of Playboy Enterprises, has come a long way from the 1950s where he was denied a $5 raise from Esquire Magazine as a copywriter. Now, perhaps the most recognized name when it comes to controversial yet artistic magazines, many are wondering what Hugh Hefner’s net worth is. While there are many resources to obtain this information, none would be quite as accurate as the Hugh Hefner net worth 2009 included in his divorce paperwork with long time estranger wife.
When determining the Hugh Hefner net worth 2009, there are several things that must be considered that may be shocking to the public. First of all, Hugh does not own the Playboy mansion; rather he rents it from Playboy Enterprises. Being that the mansion is corporately owned, it is not a part of his individual net worth. In addition, Hefner claims his portion of the Playboy publicly traded company quarterly, so reports may differ. “Hef” wants people to understand outrageous claims that he was one worth $400 million dollars are completely false and he has never been worth more than approximately $63 million in any one year.
The Hugh Hefner net worth 2009 total comes to approximately $43 million. After taking a heavy hit after Playboy stocks plummeted losing nearly 80% of their value, the 2009 net worth is nearly 20 million less that previously reported. Hefner’s monthly income, totaling at approximately $300,000 per month, is made by a number of different contracts and endorsements. Collecting $117,000 from Playboy salary and $17,000 from rental property income, he also has miscellaneous sources from pension and retirement.
Just because Hefner has so much coming in on a monthly basis, he is has quite a bit being spend as well. With rent calculating to $53,000 per month, and entertainment and food coming close to $35,000, it is reasonable to say Hugh loves to enjoy himself. With $306,000 in cash assets, $36 million in stocks and bonds, $6 million in a joint account at the end of September 2009, it is fair to say even with his luxurious lifestyle and going through a bitter divorce battle Hefner has managed to keep his money in tact and still continues to build the Playboy Empire. With new moneymaking ideas in the work every year, it is expected for Hefner’s wealth to grow continually.
Looking for Something? Search here:
(examples: auto, banking, college, credit cards, debt, frugality, insurance, investing, loans etc.)
