Hugh Hefner founded Playboy after he was denied a $5-a-week raise at Esquire
|09/28/2017||Posted by BusinessMediaguide.Com under General World News||
In 1952, Hugh Hefner was a 26-year-old copywriter at Esquire magazine with an entrepreneurial dream.
As The Wrap notes, Hefner quit Esquire in 1952, took out a mortgage of $600, and raised $8,000 from 45 investors, including $1,000 from his mother, to set the foundation for Playboy.
The first issue of Playboy Magazine hit newsstands in 1953.
It featured nude photographs of actress Marilyn Monroe, which were taken from a 1949 read more >>>