I appreciate it. Huntley, Jack Kirby, Don Heck, and Art Simek. What's so great about both companies together. We saw this hoodie challenge develop organically. We have three primary licensees and then three what I would say are smaller licensees in China. But China, I think, can double in size over time, and I think we can change the business model in China over time as well. Hugh promoted a lifestyle of luxury in his magazine and in the. 50 })(document); Your email address will not be published. [17], In March 2011, founder Hugh Hefner succeeded in a bid to take Playboy Enterprises private after 40 years as a publicly traded company. Playboy also operated a casino in Nassau, Bahamas, from 1978 to 1982. Brian Hoar Senior Vice President of Sales and Publisher of Playboy Magazine For more than 15 years we have helped nearly 50000 customers resolve their issues and will never stop striving to ensure further improvements on our platform for a better communication between companies and customers. When you look at that, there could be a 20x increasing revenue just if you model it out and actually an increase in EBITDA by 5 or 6 times as well. Not only that, but they have designs that have never come out of Australia that we can leverage moving forward. This acquisition was used to support the launch of Playboys creator community Centerfold.com that has gone live at the 20th December 2021. Save my name, email, and website in this browser for the next time I comment. There's ways to move some of our licensing partners to JV partners, where we can book that revenue and run that e-com where we can grow our consumer base even more, which should lead to acceleration of revenue because the larger base I have the more LTV I can drive a lifetime value of that customer or I can drive long term. She was chairman and CEO of Playboy Enterprises from 1988 to 2009, and is the daughter of Playboy magazine founder Hugh Hefner. I want to talk about what's going on in space right now. It can be mass, it can be masstige, or premium, and it can be luxury, and there's a history of that. Rachel Webber, Chief Brand & Strategy Officer . I think most people have heard about that. The latest review Sir .. She has helped to raise $30 million for the construction of the CORE Center in Chicago, the first treatment center in the Midwest for people with AIDS. How do you think this is just a way to get exposure to this younger audience? [19] In January 2013, the company said it employed 165. Mr Metropoulos had originally considered bulldozing the house, but instead decided renovate the famous estate. Initial Playboy Enterprises complaints should be directed to their team directly. But William was sued by the US Securities and Exchange Commission for using inside information to trade illegally in shares of Playboy. The company licenses the Playboy name, the Rabbit Head design and other images, trademarks, and artwork to "appear on a wide range of consumer products including apparel, accessories, footwear, lingerie, jewelry, fragrances and home fashions." Learn how your comment data is processed. For three years, she was named to Fortune's list of "Most Powerful Women". [14] Meanwhile, the company said it would open at least three Playboy stores in each of the next three years. wid: "428986", Not only now do we have the capital to do what we needed to do to transform this business, but the level of talent we're getting is night and day from where the company was a few years ago. The BBC reports that Playboy decided to cease its print operations because it was unable to keep up with competitors, who had harnessed online business models. I think that without getting into disparaging Victoria's Secret, they've lost their place in the market. [8] The company completed its shift to consumer products in 2020 with the shuttering of the magazine division, and is now known to generate more than $3 billion in consumer spending annually across 180 countries. You'll start to see a more consistent level of product drops with influencers moving forward. Playboy's Profile, Revenue and Employees. I think that change from a media company to a valuable lifestyle brand is the single biggest change. A self-confident, enthusiastic leader with 15+ years of professional experience in digital /mobile product development and monetization, strategic partnerships, p&l responsibility, global licensing and brand management.Specialties include: Mobile, Digital Media, Global Consumer Products and Digital Licensing, eCommerce, Strategic Partnerships, Product Development & Launch, Strategy, Online Marketing, GamificationAdditional coursework: BAVC Adobe After Effects certification, Canadian Securities Course, hartered Financial Analyst Level 1, Chief Financial Officer and Chief Operating Officer. Playboy's primary competitors include FriendFinder, Rolling Stone, Refinery29 and 18 more. var p = 'https:' == document.location.protocol ? Maybe the last question for you. William Marovitzs current marital status is single. Announces Closing of Acquisition by Icon Acquisition Holdings, L.P.", "Playboy's Move to Los Angeles Set for April 30", "Hugh Hefner's Family Sells Their Remaining Shares in Playboy", "An Open Letter To Our Team And Partners", "Owner of Playboy Brand Looks to Invest SPAC Money in 'Sexual Wellness' Sector", "Playboy CEO on telling the story from a female perspective", "Playboy has big plans but Wall Street is unimpressed", "Playboy Enterprises plans to open clubs, cafes and retail stores in India", "Playboy Is Ditching the Sex and Betting on China", "Playboy Expands Licensing Presence in China", "Playboy Club - Club, Shanghai | SmartShanghai", "Playboy Expands Direct-to-Consumer and Retail Store Reach with Deal to Acquire Leading Sexual Wellness Omni-Channel Retailer", "Playboy agrees to buy sexual wellness chain Lovers", "Playboy's First Bourbon Whiskey: Rare Hare 1953", https://en.wikipedia.org/w/index.php?title=PLBY_Group&oldid=1141433868. The company also acquired adult-oriented businesses such as Spice Network and ClubJenna. To write a complaint about Playboy Enterprises and get an answer from the officials of Playboy Enterprises, Complaintsboard.com's objective complaint writing and answer providing system can be used. [2], She graduated summa cum laude from Brandeis University with a bachelor's degree in English and American literature in 1974. One of the things I wanted to talk about, we've talked a lot about private label trend of doing direct-to-consumer at this, this growth area for the business, one thing you talked about on the call is really significantly increased your long-term revenue margin rate from $300 million by 2025 to $600 million, so I'd see that obviously great to see that number increase so much. Kohn: China is its own ecosystem, OK. Sciple: Get that dollar share in the market to match the mind share among consumers. Formerly based out of Australia, the business is growing 40%, $80 million of revenue this year. Making the world smarter, happier, and richer. Even before Hugh Hefner died Wednesday at age 91, his son Cooper was poised to take on his father's legacy. The revolutionary businessman created a media and entertainment empire that was successful from the publication of the very first issue of Playboy magazine in 1953. I can't tell you who the partner is yet but I am very excited by that and especially the growth and iGaming in the United States moving forward. Hefner founded Playboy magazine in 1953 and the company's first magazine in December that year featured Marilyn Monroe on the cover. One of Hefners sons from this marriage, Cooper, was recently appointed Chief Creative Officer at the magazine. Kohn: Yeah. "[26] The company's trademarks and copyrights are critical to the success and potential growth of its business as "Playboy is one of the most recognized, celebrated and popular consumer brands in the world. The Motley Fool owns shares of and recommends Match Group and Nike. Published on September 27, 2017 11:12 PM. ComplaintsBoard.com is a leading complaint resolution website on the Internet. Christie Hefner Christie Ann Hefner was born on November 8, 1952 in Chicago, Illinois. She moved to Wilmette, Illinois with her mother and stepfather. Playboy Enterprises Blogs, Comments and Archive News on Economictimes.com English . When I think about an ecosystem that couples both virtual goods with physical goods, I get really excited because that allows us, long term, to not only drive the current revenue but superior margins as well. Look at Honey Birdette, very the other side, the other side of that coin. The men's lifestyle and entertainment magazine was founded in 1953 and is still going today. Its well-written articles and unabashed embrace of the philosophy of hedonism made it a major influence during the sexual revolution of the 1960s, according to Britannica. With the iconic men's entertainment magazine first published in 1953 and. 2, is Playboy Kids going to leave China? Prior to the Special Meeting on February 9, 2021. Very different than when we took over. Today, you look at young people, their communities are huge, and they have thousands of followers because digital allows you to do that. Location Chicago, Illinois, United States. June 15, 2015. Christie was the first child of Hugh Hefner and his ex-wife Mildred Williams. Hefner was born in Chicago, Illinois. In fact, when you go back and look at the merger agreement, which was publicly filed, there are two things that he wanted when we took the company private. 2020 THE SUN, US, INC. ALL RIGHTS RESERVED | TERMS OF USE | PRIVACY | YOUR AD CHOICES | SITEMAP, I was sacked after I ran over and killed my boss parrot - I won 13k payout for unfair dismissal, I lost 75% of my skin crawling out of burning car - I broke every rib & had to re-learn to talk but look at me now, I'm unrecognisable after covering 95% of my body in extreme tattoos - my 40k transformation only began five years ago, Maida Vale: 'Vigilante' driver screamed 'what have I done' after mowing down & killing man who was stabbing mum to death. We just have a lot more arrows in our quiver moving forward as we made that transition from a licensing business to that which had been owned and operated. Its licensed products generate "more than $3 billion in global sales in more than 180 countries. When she left over 40% of her executives were women. I hate things that God hates and love what's right. Founded in 1953 and headquartered in Beverly Hills, California, Playboy Enterprises was created for the purpose of publishing Playboy magazines. For Ben Kohn, I'm Nick Sciple. It was a media business at the end of the day. This page was last edited on 25 February 2023, at 01:36. No. I have never visited your site. Back when all of us could travel and life was normal, I was on the Bund in Shanghai in a car coming in from the airport with my head of licensing. They have live experiences in the Polo restaurants, etc. Investor Stage Seed. Hugh M. Hefner Founder and Editor-In-Chief Mr. Hugh M. Hefner, known as Hef, founded Playboy Enterprises Inc. in 1953 and has been its Editor-in-Chief since. 11% of the management team is Black or African American. To get started investing, check out our quick-start guide to investing in stocks. She was elected to Phi Beta Kappa in her junior year.[3]. I looked and said, "Wait, do we have a licensing deal for Playboy Kids?" February 01, 2021 08:01 ET . I think we have a really interesting portfolio of brands, and what we'll end up doing long-term with Lovers and Yandy is we're working on right now, creating a subbrand and leveraging that Playboy masthead to turn those businesses into more private label products. Early life [ edit] Hefner was born in Chicago, Illinois. Feb. 09, 2021 7:01 PM ET PLBY Group, Inc. (PLBY) . We're going to open their first store. 10 stocks we like better than PLBY Group, Inc.When our award-winning analyst team has a stock tip, it can pay to listen. Scott G. Stephen is the Chief Growth Officer of Guaranteed Rate. Kohn has served on Playboy's Board of Directors since March 2011. It is one of the top three or four largest brands in the world. Please DO NOT add attachments that contain your or other peoples personal information, if you dont want it to be visible to the public. Kohn: I think Playboy is the hero of the brand at the end of the day. Playboy Enterprises is an adult entertainment company anchored by its iconic, half-century-old periodical. Obviously in Australia, your diversity in talent that you work with is different than what it can be in Europe and in the United States, and so I think you'll continue to see it, but again we're not scared of sexy. Sciple: You talked about some of these brands moving into the lingerie market, really particularly aggressively the Honey Birdette acquisition. It's not about what's hanging on your wall, it's about what's in your digital wallet. It's a highly fragmented market. ComplaintsBoard.com is an independent complaint resolution platform that has been successfully voicing consumer concerns since 2004. [9], Playboy Enterprises, Inc. made its initial public offering on November 3, 1971 at $23.50. I think it's a question of doing it in the right way that's not objectifying and that's really owning your own sexuality. However, she was previously married to William A.Marovitz in 1995. In 1988, Hefner named his oldest daughter, Christie Hefner, as CEO and chairperson of Playboy Enterprises, Inc. She served as CEO and chairperson from 1988 until 2008," according to. Kohn: Well, I think so highly of Nike. Maybe gender is different, demographically different. Very different brand in China than it is in the U.S, a different business model as well when you look at licensing. Kohn: Well, look, I think we have exposure to the younger audience, but it's the people that we work with, and I think it's also that when you look at younger people, they tell you they are obviously younger than I am. Cooper, 27, who is currently the chief of global partnerships at Playboy Enterprises, is. All around the house the grounds have been ripped up and earth movers can be seen working to clear the site. PEI . You can find contact details for Playboy Enterprises above. Lance Barton currently serves as the Senior Vice President of Investor Relations and Corporate Development for Match Group, where he leads the IR and M&A functions for the company. Despite the magazines widespread popularity, critics of Hefners sexual revolution multiplied at the same pace as his audience. Born . Despite the magazines widespread popularity, critics of Hefners sexual revolution multiplied at the same pace as his audience. What we pivoted to and because I don't believe that you can really be a media business by definition, selling advertising if you're trying to be a brand, and I always viewed this company as the original lifestyle brand. In 1998, Mr. Kohn joined Angelo, Gordon & Co., where he focused on private equity and special situations. *Average returns of all recommendations since inception. We have one of the most valuable archives in my opinion, we have 10 million pieces in our archive. Today, I'm excited to welcome my special guest, Ben Kohn, CEO of the PLBY Group. The focus was really to shut down or pivot the company away from media, which I thought would continue to be challenged moving forward. Cooper Hefner is forging his own path nearly two years after the death of his father Hugh Hefner. I think NFTs are really leading to the decentral of the artists' community. [15], The Age reported in October 2008 that, for the first-time ever, Hugh Hefner was selling tickets to his celebrity-filled parties to offset his cash-flow problems due to setbacks Playboy Enterprises had suffered, including decreasing Playboy circulation, decreasing stock value, and ventures that have yet to turn a profit. Obviously, in the United States, you have the history of the media and the magazine, which make a difference. These are partners that have been long-standing partners of the company for 15+ years, and we want to make sure that we include them in this, but they're manufacturers as well. Sciple: Yeah, one of the things you talked about on the call I wanted to drive into a little bit more is how you're doing that from a marketing point of view. Playboy Enterprises competes in a variety of industries, such as lifestyle, mass media and wellness. Her parents had separated by the time she was five. After college, she free-lanced for the Boston Phoenix for a year, writing movie reviews. Hefner created the Hugh M. Hefner First Amendment Award in honor of her father, and has helped to raise $30 million to build the CORE Center in Chicago, the first outpatient facility in the Midwest for people with AIDS. Playboy is now trying to transform itself into a consumer products brand that sells sexual wellness products, clothing and gaming. Kohn: I don't know if we'll leave China. Sciple: Absolutely. Hugh had a net worth over $200 million at the peak of Playboy. When I grew up, it was my 10 friends or 15 friends; that was your community. The Playboy bunny is one of the most recognizable brand logos in the world, and the robe-wearing, pipe-smoking Hefner is a strong brand . *Stock Advisor returns as of August 9, 2021. The pool sits empty and the roof of the house appears to be being completely rebuilt. [16] Christie Hefner released a memo to employees about her efforts to streamline the company's operations, including eliminating its DVD division and laying off staff. Product shipment, payment, communication, billing, and any kind of service-related complaint about Playboy Enterprises can be filed via the specific Playboy Enterprises complaint section. . Regions Greater Chicago Area, Great Lakes, Midwestern US. Sir .. When Playboy founder Hugh Hefner died this week, a deal agreed upon during the summer of 2016 was finalized: Ownership of the famous Playboy Mansion is officially turned over to Daren Metropoulos, the wealthy 33-year-old entrepreneur best known for reinvigorating nostalgic hipster brands like Pabst Blue Ribbon and Hostess.. Metropoulos is the son of C. Dean Metropoulos, the Greece-born private . Kohn: Look, it's putting the pieces together that allow us to accelerate growth. LinkedIn View on LinkedIn. In March 2020, Playboy announced it would no longer be printing its quarterly magazine and was opting to go fully digital instead with plans to return to limited print runs in 2021. Playboy Enterprises went public in 1971, when its flagship magazines monthly sales reached around seven million. So did Hefner, who suffered a stroke in 1985, after which he stayed on as the magazines Editor in Chief. Hefner's Playboy mansion - which was the centre of the thriving business for years - was sold to Daren Metropoulos in 2016 for $100m on the condition Hefner could like there paying rent until he died. You mentioned 2021. At the time of her fathers death, she owned 35% of the Playboy brand and 100% of the magazine. We've made this transition of our audience to that of coming to us for content to now that of coming to us for product. The couple stayed together for more than eighteen years, but they dont have any children. On 18 March 2020, CEO Ben Kohn announced that the Spring issue of the magazine would be the last to be printed, and the publication would be online-only going forward. [32] This had grown to 3100 by 2015. You can compete on at least one of those fronts. Playboy Enterprises, Inc. 2008 - 20135 years Beverly Hills, CA Director Of Public Affairs FRITO LAY 2003 - 20085 years Plano, Texas, United States Account Supervisor Ketchum 1997 - 20036 years. The Hugh Hefner Trust and Playboy Enterprises struck a deal that had the latter buying back the former's shares for the grand total of $35 million. Kendra, Bridget and Holly, the three former girlfriends of Playboy Enterprises CEO Hugh Hefner, pose inside "the cave" a private hot tub and pool adjacent to the main swimming pool during. Sciple: Hey, maybe you're in the running with them on Instagram followers or something like that. I just can't think of one. In her last year as CEO, Playboy generated close to $1 billion in global retail sales, 80% of the sales to women. On this Wikipedia the language links are at the top of the page across from the article title. Please honor him. Yandy was a 2020 transaction, those other two companies. But people who have run big businesses, and so it's a combination of both. It is very upsetting to me and very offensive. Playboy Enterprises is a digital media and lifestyle firm that publish magazines and creates content for distribution through TV and mobile networks. Sadly, over the past 10-15 years, the business has not done well as magazine revenues have decreased rapidly. "Print is how we began and print will always be a part of who we are.". Hefner, the former Playboy Enterprises Inc. CEO and now executive chairman of Canyon Ranch Enterprises, played host to a group of top Chicago women executives as they went through the paces at the . . From 2004 to December 2018, Mr. Kohn served as a Managing Partner at the private equity firm Rizvi Traverse where he led the successful buyouts of major media and entertainment companies, including taking Playboy private in 2011.Prior to his time at Rizvi Traverse, Mr. Kohn was a Vice President at Angelo, Gordon & Co., where he focused on private equity and special situations. PLBY Group CEO Ben Kohn on the Future of Playboy and Other Parts of the Business By Nick Sciple - Aug 23, 2021 at 2:11PM Key Points Playboy returned to the public market through a SPAC. Christie Ann Hefner (born November 8, 1952) is an American businesswoman. [36][37] Rachel Webber, CMO of Playboy Enterprises explains that, since inception, the company "has fought for cultural progress rooted in the core values of equality, freedom of expression, and the. By the early 1990s, Licenses were divided into subcategories of products and sold to mainland manufacturers. We're also in the process of pivoting or changing the model from licensing to that of owned and operated. If we pivot and we own that, not only can I drive the lifetime value of the customer up and the average order size because I can tell you more products, but I can drive my revenue up. Playboy Enterprises said he died of natural causes. Just off the bat, Ben, you hear PLBY Group, I don't think that's a company that everybody is familiar with, but the brands that you own people are much more familiar with. var s = d.createElement('script'); s.type='text/javascript';s.async=true; [14], Hefner married former Illinois state senator William A. Marovitz, a real estate developer and attorney, in 1995. In 2008, she released a memo to employees about her efforts to streamline the company's operations, including eliminating its DVD division and laying off staff. That's what it's been for 20+ years. Kohn: Yeah, PLBY Group is a holding company. This review was chosen algorithmically as the most valued customer feedback. But what's so interesting about China is the consumer demand for the brand. HUGH Hefner's Playboy magazine published nudes and racy columns until wound down its printing operations in 2020. The couple had two children: Christy, who was named President and Chief Executive of her fathers company between 1982 and 2009, and David. All that stuff. In 1988, her father married Kimberley Conrad from which she has two half brothers Marston Glenn (born 1990) and Cooper Hefner(born 1991). I think the growth prospects for the business today are actually greater than we were in public. Who was Robert Burns and where did he live? [1] She is the daughter of Mildred (Williams) and Hugh Hefner. It's largely menswear today. It was a media business, which generated the bulk of the revenue, and then it was a licensing business. Ben Kohn Playboy CEO Playboy CEO discusses Playboy's global business, and the company's decision to go public through a SPAC. In addition to Playboy, we own Yandy, which is an e-commerce site selling lingerie in the United States, Lovers, which is a sexual wellness chain of stores and digital footprint. Although the Playboy Mansion has lost its sparkle, Hefner's legacy lives on. But more importantly, it was a business that had been licensed out. s.src = p + "://api.content-ad.net/Scripts/widget2.aspx?" I even go back to Ralph Lauren, and say what Ralph did, Ralph was a business that was a little dated. What Nike has done in their transition as a business model is unbelievable. These are folks who have done deals in the past. Playboy Enterprises's decades-long effort to right the wrongs of its very grim history is currently being laid bare with every agonizing episode A&E docuseries Secrets of Playboy.Viewers have . We've signed a deal to open Playboy beer gardens here, we've signed a deal with the gaming partner to launch Playboy Rummy in 2022 in India. The magazine was . LOS ANGELES, Feb. 24, 2020 /PRNewswire/ -- Playboy Enterprises today announced a corporate repositioning to establish its parent company as PEI Holdings ("Company"). We can host a live Halloween party in Las Vegas, and we can couple that with a virtual party online where you would have to be a member to attend. Offutt company, an international, multi-billion dollar family owned agricultural conglomerate and Edge Beauty, the world's leading direct-to-consumer company in creating, designing, manufacturing and marketing unique, culturally relevant niche fragrance brands. I'm really excited by this combination of virtual and physical coming together in this community, and I think this is a brand that has historically had membership. reality show The Girls Next Door, has died, PEOPLE confirms. Kieth is based out of Fort Pierce, Florida, United States and works in the Consumer Services industry. Just entering in a large way, the United States and then other Western markets in Europe. When Hugh Hefner died in the Playboy Mansion Wednesday, the legendary . BY Jen Wieczner. We just have to, again, stay focused as a company and that's the biggest thing for our team right now. Thanks to Tim Sparks for mixing the show. That doesn't sound like a media company; that sounds like a lifestyle brand. Why PLBY Group Stock Rallied 21% at the Open Today, Why PLBY Group Stock Is Rocketing by as Much as 33% This Week, Why PLBY Group Popped 11% at the Open Today, Why PLBY Group Stock Sank as Much as 14% Today, Why PLBY Group Stock Rallied as Much as 13% Today, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, Want $1 Million in Retirement? { Both Mr. Hefner and Mr. Flanders maintain equity stakes in. [31], Playboy first entered the Chinese market in a 1988 licensing deal with Hong Kong-based Chaifa Group. This segment contributed over 40% to revenue in 2020. 10960 Wilshire Blvd Ste 2200, Los Angeles, California, 90024, United States. Style & Apparel, comprising licensed fashion sales globally, especially in China, where it is the leading men's' fashion brand with over 3500 stores. On 11 February 2021, PLBY Group, Inc. completed its merger and began trading on the Nasdaq stock market under the PLBY ticker. In 2011, he settled out of court for $168,352. When you look at it, that number is based on a 20% growth on D2C and the single-digit growth in the licensing business, and that doesn't include if we decide to take back more categories, which we have the option to do, that are already licensed out, and it doesn't include other acquisitions that we might make in the future. We can bring this together in a cohesive ecosystem. [6], On December 8, 2008, she announced her plans to step down as CEO of Playboy. The company evolved to add publications via games, online, videos, and parties. [24] In February 2021, PLBY announced the acquisition of the sexual wellness retailer Lovers for $25m in cash. [13] Other Playboy Clubs opened in Cancun, Macau, and London in 2010 and 2011. To make the world smarter, happier, and richer. Sciple: Yeah, absolutely. Why are you so excited about NFTs, if you view this as a fad or something that really has a lot of staying power, and if so, why? Over there it's been a fashion brand. The level of talent that we have brought in and are starting to continue in our pipeline is just awesome to see. . But obviously, you have a background in private equity, there's folks on your management team from Match Group, IAC. Sciple: When you talk about the shift to shopping customers, selling consumer products, sexual wellness, all those things, it sounds like a different type of customer than would have historically been the subscriber to the magazine, that sort of thing. Playboy CEO Ben Kohn, who will retain his . And then we'll continue to do at playboy.com, over the coming months we will continue to evolve the product offerings we have. Following their interests in media and entertainment, PB Lifestyle Ltd. has signed the master and exclusive franchise/licensee agreement with Playboy Enterprises USA (for ten years) for the use of the Playboy brand in India for various businesses. Kohn: You look out five years, I think it's just continued to execute on what we've outlined already. Sciple: Yeah. Coming across the street at the stoplight was a little kid wearing a Playboy sweatshirt. [9], In May 2011, Hefner was named executive chairman of Canyon Ranch Enterprises, a resort company that operates six premier spa destinations and an online website providing health and wellness advice.[10]. Playboy Enterprises deals in a variety of industries, such as lifestyle, mass media and wellness and offers products such as Playboy magazine, Playboy TV, Playboy Online, Adult entertainment, and provides its services in global According to the latest report, Playboy Enterprises has generated $147.7 million (2020) and net income being $5.27 million (2020). She was chairman and CEO of Playboy Enterprises from 1988 to 2009, and is the daughter of Playboy magazine founder Hugh Hefner.
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