Presumably, the 12-bedroom, 20,000-square foot Playboy Mansion will soon be undergoing restorations and improvements as well.Īs for how Metropoulos will use his vast estate, that's unclear. After he purchased the house next to the Playboy Mansion, Metropoulos "embarked on a significant restoration, making substantial improvements to the property's formal gardens and expansive grounds," the company website explains. Metropoulos's plan is to reconnect the estates, which were once jointly known as Wolfskill Ranch. Kelly and built in 1927 for the department store mogul Arthur Letts, Jr.
Metropoulos is now the owner of both properties, which were originally conceived together as a single 7.3-acre Holmby Hills compound designed by the architect Arthur R.
At the age of just 25, Daren Metropoulos purchased the property next door to the Playboy Mansion from Hugh Hefner for $18 million in 2009.ĭuring the summer of 2016, he purchased the Playboy Mansion itself for $100 million, with the stipulation that Hefner could still live there and the transaction would not be complete until he passed away. The younger Metropoulos has worked with his dad for years at Metropoulos & Co., serving as the co-CEO of the Pabst Brewing Company from 2010 to 2014 when the firm owned it. He currently has a net worth of $2.4 billion according to Forbes. Dean Metropoulos, the Greece-born private-equity investor who, over the years, has bought and sold brands such as Chef Boyardee, Pabst, and Bumble Bee Tuna. 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.