Hugh Hefner fuels bankruptcy reports by selling tickets for mansion visits

October 10th, 2008 - 3:54 pm ICT by ANI  

Holly Madison

Washington, Oct 10 (ANI): Credit crunch has not even spared Hugh Hefner and conditions at his end have gone so worse that the Playboy founder has opened doors of his renowned mansion to the public for a fee.

According to reports, Hefner was advised last month to fire some of his staff in his Los Angeles and New York offices to avoid financial ruin.

But, his spokesperson Elizabeth Austin gave no definite answer about the financial problems the company was facing at the time.

The Playboy boss has since extended an invitation to the exclusive parties held at the mansion, in return for money.

The tickets to the notorious parties range from 5,000 dollars to 25,000 dollars, depending on the celebrities in attendance.

Hefner has to pay a reported rent of 700,000 dollars annually for the mansion, owned by his Playboy Enterprises.

Meanwhile, a company spokesperson has denied that Hefner’’s recent split from girlfriends Holly Madison and Kendra Wilkinson have anything to do with his monetary problems.

The girls “are not even on the payroll. So, they would be the last to go, reports Contactmusic. (ANI)

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