Story – When Hugh Hefner left his job to launch Playboy (initially Stag Party) as he was denied a $5 raise

While Hugh Hefner was working as a copywriter for Esquire, he left in January 1952 after being denied a $5 raise. In 1953, he took out a mortgage, generating a bank loan of $600, and raised $8,000 from 45 investors, including $1,000 from his mother to launch Playboy, which was initially going to be called Stag Party. The first issue, published in December 1953, featured Marilyn Monroe from her 1949 nude calendar shoot and sold over 50,000 copies. Hefner, who never met Monroe, bought the crypt next to hers at the Westwood Village Memorial Park Cemetery in 1992 for $75,000.

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