Who Will Inherit Hugh Hefner’s Fortune?

On September 27th, 2017, Hugh Hefner, creator of Playboy magazine, died at the age of 91. Leaving a net worth of over $43 million behind, the biggest question is, who will inherit from his fortune?

Hefner started the Playboy empire in the early 1950s. The height of his career was in 1970, where his estate was reportedly worth over $200 million. In 2016, Hefner sold his famous Playboy mansion to his neighbor for $100 million under the condition that Hefner would be allowed to live in the house until his death. “The 29-room house includes chefs and catering kitchens, a game room, a wine cellar and a screening room with a built-in pipe organ. Twelve bedrooms are within 20,000 square feet of living space; the master suite spans two floors.”

Hefner was survived by his four children, Cooper (Playboy’s chief officer), Christie, Marston, and David, as well as his third wife, Crystal Harris. Crystal Harris, age 31, will not inherit any of Hefner’s fortune. Harris reportedly signed an ironclad prenuptial agreement after their wedding. According to the prenuptial agreement, Harris would not be included in Hefner’s will. Harris was “made well aware that she was not going to be inheriting anything from his death when they married.” Instead, Hefner’s will states that his wealth will be left to “his children, the University of Southern California film school, and a variety of charities.”

New reports have indicated that Harris, although not able to inherit under the will, will receive property worth about $7 million. According to recent reports, Hefner purchased a house for his wife in 2013. Hefner also left his wife $5 million as part of the agreement for her signing the prenuptial agreement.


Sources:

http://www.latimes.com/business/realestate/hot-property/la-fi-hotprop-playboy-mansion-sold-100-million-20160816-snap-story.html

http://www.businessinsider.com/who-will-inherit-hugh-hefner-fortune-net-worth-2017-9

http://www.npr.org/2017/09/27/531884820/-playboy-founder-hugh-hefner-who-championed-free-speech-and-smut-dies-at-91

Image: http://thesource.com/wp-content/uploads/2017/09/151012-playboy-hugh-hefner-rd-1155p_ce1512c434b6dbb2a9d2b62760124824.nbcnews-fp-1200-800.jpg

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