Greek American Daren Metropoulos has purchased the famous Playboy Mansion for 100 million dollars, according to an ABC News report.
However, Hugh Hefner, the man responsible for creating the name of the iconic mansion and resident for decades, will remain in residence for the rest of his life. These are the terms of the agreement.
Metropoulos is the son of C. Dean Metropoulos and principal at the investment firm Metropoulos & Co., owners of Hostess Brands, among other companies.
“The Playboy Mansion is one of the most iconic properties in the world and the crown jewel of Holmby Hills and the platinum triangle,” the 33-year-old Metropoulos said in a statement. “For the last 45 years, Mr. Hefner has imbued the estate with a rich and storied legacy. The property’s heritage is not only that of a famous address; it is a true masterpiece in design, constructed by a noted architect for a family who played an important role in the development of Los Angeles in the early 20th Century.”
According to the ABC News report, Metropoulos now lives next to the legendary mansion. “I feel fortunate and privileged to now own a one-of-a-kind piece of history and art. I look forward to eventually rejoining the two estates and enjoying this beautiful property as my private residence for years to come,” Metropoulos said.