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Denied $5 raise, he launched Playboy

Fact - Before he launched Playboy, Hugh Hefner worked as a copywriter for Esquire. He left the job in January 1952 after being denied a $5 raise
Pic Credits: © 2007 terren in Virginia | Playboy Club Bar | CC BY-SA | Modified

Before he launched Playboy, Hugh Hefner worked as a copywriter for Esquire. He left the job in January 1952 after being denied a $5 raise. Hefner was in his late 20s.

To raise funds for his venture, Hefner mortgaged his furniture, generated a bank loan of $600 and raised $8,000 from 45 investors including $1,000 from his mother.

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