Playboy founder Hugh Hefner died Wednesday at the age of 91.
In 2016, it was estimated that the playboy and mogul's lifestyle magazine and its "bunny-branded licensing assets" could sell for up to $500 million, according to USA Today. At the time of his death, Hefner owned 100% of the magazine and 35% of the overall brand, according to Business Insider.
Wealth-X, a market research firm, estimates Hefner's net worth was at least $110 million at the time of his death, with $45 million in liquid assets.
So how did Hefner build his iconic and controversial media empire? It all started with $8,000 and some naked photos of Marilyn Monroe.
Here's a look at the Playboy mogul's career:
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During World War II, the Chicago native served as an infantry clerk. He spent the war drawing cartoons for several military newspapers.
Source: NJ.com, Forces.net
According to NJ.com, his artistic skills — or lack thereof — earned him a rebuke from colleague and future Popeye cartoonist Hy Eisman, who told him that "he'd better have a job waiting for him after the war."
Source: NJ.com, Forces.net
Instead, Hefner went back to school. He graduated from the University of Illinois at Urbana Champaign in 1949 and headed to Northwestern University to earn a graduate degree in sociology. He wrote a paper on laws pertaining to sex in the US, but left after a semester.
Source: HMH Foundation
See the rest of the story at Business Insider
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