12/27/2010

Hugh Hefner Net Worth



Hugh Hefner Net Worth is $ 43 Million. Hefner has declared his net wealth in divorce paper work in September 2009.

Hugh Hefner is an American magazine publisher, founder and chief creative officer of Playboy Enterprises.

Hugh Marston Hefner was born on April 9, 1926 to late Grace Caroline (née Swanson; 1895–1997) and Glenn Lucius Hefner (1896–1976) in in Chicago, Illinois.

He has graduated from the University of Illinois at Urbana-Champaign with a B.A. in psychology with a double minor in creative writing and art in 1949.

He was working as a copywriter for Esquire in 1952, when he was denied a $5 raise he left the job. In 1953 , he mortgaged his furniture, generating a bank loan of $600 (or $800—he cannot recall which) and raised $8,000 from 45 investors— including $1,000 from his mother to launch Playboy, which was initially going to be called Stag Party.

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