http://www.luxist.com/2009/08/04/hugh-hefner-sells-at-a-deep-discount/ Luxist Comments for Hugh Hefner Sells At A Deep Discount http://www.luxist.com/media/feedlogo.gif http://www.luxist.com en-us Copyright 2013 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/http://www.luxist.com/2009/08/04/hugh-hefner-sells-at-a-deep-discount/http://www.luxist.com/2009/08/04/hugh-hefner-sells-at-a-deep-discount/Aug 4th 2009 6:34PMhttp://www.luxist.com/2009/08/04/hugh-hefner-sells-at-a-deep-discount/http://www.luxist.com/2009/08/04/hugh-hefner-sells-at-a-deep-discount/Aug 5th 2009 12:57PMhttp://www.luxist.com/2009/08/04/hugh-hefner-sells-at-a-deep-discount/http://www.luxist.com/2009/08/04/hugh-hefner-sells-at-a-deep-discount/Aug 6th 2009 2:55AMhttp://www.luxist.com/2009/08/04/hugh-hefner-sells-at-a-deep-discount/http://www.luxist.com/2009/08/04/hugh-hefner-sells-at-a-deep-discount/Aug 6th 2009 8:29AMhttp://www.luxist.com/2009/08/04/hugh-hefner-sells-at-a-deep-discount/http://www.luxist.com/2009/08/04/hugh-hefner-sells-at-a-deep-discount/Aug 6th 2009 3:12PMhttp://www.luxist.com/2009/08/04/hugh-hefner-sells-at-a-deep-discount/http://www.luxist.com/2009/08/04/hugh-hefner-sells-at-a-deep-discount/
Just because you see $18M as a selling price doesn't mean he made $18M. While he privately purchased this neighboring home in 1996 - after you factor in taxes, insurance, upkeep, and other typical expenses let alone updates or makeovers - and I'd doubt that he cleared more then a few million. Had he invested that money in '96 the logical return would be vastly more.

Playboy is publicly held and traded corporation of which Hugh Hefner has [per the most recent SEC filings] 7,935,596 shares which adds up to all of about $18 million give or take at current rates. Mutual Funds from Wells Fargo, Fidelity, and Vanguard also have noted stakes in the company. That means plenty of every day people own a piece of Playboy - even people with breast cancer.

The market cap of the company is only around $85 million as it hasn't earned a profit in a few quarters. Hef (as Editor-in Chief & Chief Creative Officer) is paid a pinch over $1M a year and gets bonus around $400k year.

I'm not going to cry for the man as he's enjoyed one heck of a ride. At one time in the early 1970's was one of this nations wealthiest when Playboy was listed on the stock exchange. But those days are long gone and he never cashed out during its height. ]]>Aug 7th 2009 3:54PMhttp://www.luxist.com/2009/08/04/hugh-hefner-sells-at-a-deep-discount/http://www.luxist.com/2009/08/04/hugh-hefner-sells-at-a-deep-discount/Aug 7th 2009 10:08PM