The couple, who shared a 60 year age gap, tied the knot on New Year’s Eve in 2012 at the Playboy Mansion in Los Angeles.
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A source told US Weekly that while the blonde beauty will be taken care of, she won’t receive a penny of his fortune.
Instead, his estimated $43million estate, will be divided between his four children, the University of Southern California and a list of charities.
The $43million figure was first revealed back in 2009 when Hefner divorced his second wife Kimberly Conrad.
At his peak, the Playboy magnate was worth upwards of $200million, but as the magazine’s popularity tanked, Hefner lost millions.
He had $36million worth of stocks and bonds and $6million in a joint account with an unnamed person.
His monthly earnings from the magazine only totaled $100,000, with the rest coming from his pension.
The Playboy founder died of natural causes at the age of 91 on Wednesday night. Around 6.30am on Thursday, two hearses were seen leaving his Holmby Hills mansion.
Police lined the side of his driveway as the hearses left the residence to take the icon’s body to an unknown location. He will eventually be buried in a Los Angeles cemetery next to Monroe – Playboy’s first-ever cover star – in a plot that Hefner bought in 1992 for $75,000.
Hefner’s second wife, Kimberly Conrad, was also spotted leaving the mansion Thursday morning with their 27-year-old son, Marston. Conrad’s mother is also pictured in the back seat of the car.
Harris infamously ran from the altar in June 2011, reportedly because she got cold feet.
The wedding was called off just five days before hand with over 300 guests set to attend.
‘Last time it turned into a big ordeal and then it all fell apart,’ she said.
She also publicly shamed Hefner, saying that the she had only been intimate with him once – and very briefly.
She admitted sex with the octogenarian lasted ‘like two seconds’, adding: ‘Then I was just over it. I was like, ‘Ahhh.’ I was over it.
Hugh also insisted that he didn’t care about the 60 year difference between them.
‘The dramatic age difference between difference & Crystal & me really doesn’t matter,’ he tweeted. ‘Whatever time I have left, we want to spend together.’
‘This time around is amazing… I’m very happy and Hef’s very happy and we’re excited,’ she said ahead of the nuptials.
She had already changed her name on the social networking site to Crystal Hefner.
In 1989 he married Playmate Kimberly Conrad and they separated in 1998.
Hefner has four children: Christie, David, Marston and Cooper.
‘Well for me it meant more security, knowing that I am the one for him,’ she explained.
‘Like we were talking about, there are always girls in and out and always the feeling of maybe being replaced… And he made sure I didn’t feel that way anymore and that was what the wedding was all about.’
‘When I first met him, I had never even met a celebrity in my life before. I was like “Oh my gosh Hef” and then we started talking,’ she explained.
‘And I love learning about all the history… Just being more involved in his life and learning about Playboy and all the things he has done to change the world.’
On Wednesday night the official Playboy Twitter account announced: ‘American Icon and Playboy Founder, Hugh M. Hefner passed away today. He was 91. #RIPHef.’
Hefner’s death was confirmed in a statement from Playboy Enterprises that said he ‘passed away today [Wednesday] from natural causes at his home, The Playboy Mansion, surrounded by loved ones’.
His son, Cooper Hefner, who is also the chief creative officer of Playboy Enterprises, said: ‘My father lived an exceptional and impactful life as a media and cultural pioneer and a leading voice behind some of the most significant social and cultural movements of our time in advocating free speech, civil rights and sexual freedom.
‘He defined a lifestyle and ethos that lie at the heart of the Playboy brand, one of the most recognizable and enduring in history.
On Wednesday night, as news of Hefner’s death began to circulate, mourners began to gather at the gates of his Playboy Mansion to pay their last respects.
In the final years of his life, Hefner – who had begun to suffer back problems – began to fade from view, not wanting to be seen using a walker to move around, or be seen fiddling with his hearing aid.
‘It’s tough to watch him struggle, but I’m just happy it’s physical and not mental,’ Cooper told The Hollywood Reporter in August.
The only photos of Hefner known to have been taken anywhere in 2017 were three photos shared by him and his younger brother Marston on social media in July and August. They showed the family playing backgammon together, and dining out.
‘He will kill me if I print or if you say anything about him retiring,’ Cooper had previously said, ‘But I think he is really enjoying his life as a 90-year-old at the mansion.’
Twinkies tycoon Daren Metropoulos, who bought the famous party house, said after his death: ‘Hugh Hefner was a visionary in business, a giant in media and an iconic figure of pop culture whose legacy will leave a lasting impact. I was fortunate to know him as a neighbor and friend and I extend my deepest sympathies to his family.’
As news of Hefner’s death spread online, celebrities gathered to pay tribute.
She then added: Paris [Hilton] & I are reminiscing about the Playboy parties at the mansion & how much we love Hef. She’s texts me the perfect Hef emojis,’ followed by eight Playboy Bunny emojis and an old man emoji.
Larry King – Hefner’s junior at 81 – tweeted: ‘Hugh Hefner was a GIANT in publishing, journalism, free speech & civil rights. He was a true original, and he was my friend. Rest well Hef.’
And Heidi Montag, who posed for Playboy in 2009, wrote: ‘RIP @hughhefner thank you for making me part of the Playboy family. Sending lots of love and prayers to @crystalhefner.’
‘We don’t respect the guy,’ Cooper Hefner told the Hollywood Reporter in August. ‘There’s a personal embarrassment because Trump is somebody who has been on our cover.’
Trump was rather prouder of the March cover – which shows him in a tux alongside Playmate Brandi Brandt – having it on display in his New York office.