Playboy Mansion buyer closes deal for $100m
Published 17/08/2016 | 07:00
The deal is done, and the Playboy Mansion has a new owner.
Daren Metropoulos, who lives next door, said yesterday that escrow had closed on his $100m (€88.7m) purchase of Hugh Hefner's man cave.
The 33-year-old principal in the investment firm Metropoulos & Co won't necessarily be moving in any time soon.
Under terms of the deal, Playboy's 90-year-old founder may stay there for the rest of his life.
After Hefner dies, Metropoulos plans to connect the five-acre Playboy estate to his two-acre digs next door.
The homes, built in the 1920s, were originally one estate.
Hefner bought the Playboy Mansion for $1.05m in 1971, quickly turning it into a sexual playground.
In its heyday it was the scene of countless celebrity-filled parties and innumerable tales of sexual shenanigans.