Bob Guccione
Occupation: Journalist
Gender: Male
Age: 90 years old
Birth Day: December 17, 1930
Nationality: United States
Zodiac Sign: Sagittarius

Bob Guccione Social Accounts

Table of Contents

    Bob Guccione Net Worth

    Bob Guccione is a famous 90 years old Journalist. He was born on December 17, 1930 in United States. Bob Guccione Net Worth 2020: $400 Million.
    Zodiac sign: Sagittarius. Nationality: United States.

    With the net worth of $400 Million, Bob Guccione is the #1541 richest person on earth all the time.

    Physique

    Height Weight Hair Colour Eye Colour Blood Type Tattoo(s)
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    Trivia

    Bob Guccione's creation, Penthouse, rivaled  Hugh Hefner's Playboy.

    Net Worth

    Bob Guccione Net Worth 2020

    $400 Million

    Salary 2020

    Not known.

    Bob Guccione Net Worth Detail

    In 1982 Guccione was listed in the Forbes 400 ranking of wealthiest people, with a reported $400 million net worth. An April 2002 New York Times article quoted Guccione as saying that Penthouse grossed $3.5 billion to $4 billion over the 30-year life of the company, with a net income of almost $500 million.

    Bob Guccione Cars

    Not Known.

    Bob Guccione Real Estate

    Not Known.

    Family Life

    Bob married Kathy Keeton in 1988.

    Before Fame

    Bob Guccione wanted to be a priest or a painter while growing up.

    Biography

    Biography Timeline

    1965

    Penthouse began publication in 1965 in the United Kingdom and in North America in 1969, an attempt to compete with Hugh Hefner's Playboy. Although Playboy had always had a liberal bent and championed the Civil Rights Movement and other social justice causes, Guccione offered editorial content that was more sensational and the magazine's writing was far more investigative than other men's magazines, with stories about government cover-ups and scandals. Writers such as Craig S. Karpel, James Dale Davidson and Ernest Volkman, as well as the critically acclaimed Seymour Hersh, exposed numerous scandals and corruption at the highest levels of the United States government. On the other hand, Playboy retained a certain conservatism and embraced mainstream American consumerism rather than reject it. During the late 1960s, feminist groups criticized the magazine for supporting women's liberation only in terms of making them free to engage in sexual relationships with men. While Playboy devoted extensive print to covering sports, one of Hugh Hefner's great passions, Guccione had no interest in them and never bothered discussing sporting events or athletes in Penthouse, instead preferring to cover the art world. The magazine was founded on humble beginnings. Due to his lack of resources, Guccione personally photographed most of the models for the magazine's early issues. Without professional training, Guccione applied his knowledge of painting to his photography, establishing the diffused, soft focus look that would become one of the trademarks of the magazine's pictorials. Guccione would sometimes take several days to complete a shoot.

    1966

    Guccione was married four times: he first married Lilyanne Becker in his teens. Then he married Muriel Hudson in 1966 and divorced her in 1979. His third marriage was to his long-time companion, South African native Kathy Keeton, in 1988. In 1997, Keeton died of complications from surgery to remedy an obstruction in her digestive tract after a long battle with cancer. She was 58. In her last few months, Keeton befriended an ex-model named April Dawn Warren, and gossip maintained that Warren was Keeton's hand-picked successor. After a long engagement, he and Warren wed in 2006 and they remained together until his death. It was his fourth marriage. Guccione continued to list Keeton on the Penthouse masthead posthumously as President, but later added Warren to the masthead after she had spent ten years as creative director of the magazine. Warren and Guccione were working on a book of reminiscences, Good to Know, until shortly before his death in 2010, at age 79. He died with Warren at his side.

    1972

    In the early 1970s, Guccione invested around US $45 million in construction of Haludovo Palace Hotel, a luxury hotel resort in Malinska, (island Krk near Rijeka) on the Adriatic coast of Yugoslavia. He invested additional $500,000 in advertisement. Despite Yugoslavia being nominally a communist country, it encouraged foreign investments. The entire project was designed by Yugoslav architect Boris Magaš and realized through Brodokomerc, a local company. Prior to that, the project needed to be authorized through a so-called workers' council, a process which Guccione described as "ridiculously easy". The hotel was officially opened in 1972. Staff included around 50 Penthouse Pets, and the guests included the former Iraqi president Saddam Hussein. However, the hotel went bankrupt the very next year.

    1975

    Guccione's editorial content was praised and recognized by some in the academic field. In 1975, for example, he was honored by Brandeis University for focusing "his editorial attention on such critical issues of our day as the welfare of the Vietnam veteran and problems of criminality in modern society."

    1976

    In 1976, Guccione used about US $17.5 million of his personal fortune to finance the controversial historical epic pornographic film, Caligula, with Malcolm McDowell in the title role and a supporting cast including Helen Mirren, John Gielgud and Peter O'Toole. The film, released in late 1979, was produced in Italy (made at the Dear Studios in Rome) and was directed by Tinto Brass. Guccione also created the magazines Omni, Viva, and Longevity. Later Guccione started Penthouse Forum which was more textual in content. In the early 2000s, Penthouse published a short-lived comic book spin-off entitled Penthouse Comix featuring sexually explicit stories.

    1978

    Guccione was also praised by certain professional groups and associations for his dealings with them. In April 1978 he was named "Publisher of the Year" by the Atlantic Coast Independent Distributors Association in gratitude for his "leadership, his fair treatment and his continuing friendship with our members."

    1982

    In 1982 Guccione was listed in the Forbes 400 ranking of wealthiest people, with a reported $400 million net worth. An April 2002 New York Times article quoted Guccione as saying that Penthouse grossed $3.5 billion to $4 billion over the 30-year life of the company, with a net income of almost $500 million.

    2002

    The Guccione art collection was sold at auction by Sotheby's in November 2002 to pay Guccione's personal debts, originally incurred in the Atlantic City venture. The collection had been appraised by Christie's at $59 million two years prior. However, 9/11 had depressed the art market and the Guccione collection failed to sell for its appraised price. The aggregate sale price was $19 million, which was used to pay lender Swiss Re. Swiss Re sued Guccione in New York State Court for a $4 million shortfall on the loan balance. Much of the remaining personal collection of Bob Guccione's art, photographs, and memorabilia was acquired by entrepreneur Jeremy Frommer in early 2012. The acquisition included over 60 original Guccione Oils, as well as the original illustrations and photographs by artists such as Arthur Cummings, Bill Lee, Suze Randall, Earl Miller, Berth Milton Sr. and more. The highlight of the collection is the quarter of a million photographs that were taken by Bob Guccione, himself, throughout the 60s, 70s and 80s. The items obtained by Frommer were the inspiration for his company Jerrick Ventures LLC's creation of the website, Filthy Gorgeous Media, which debuted in June 2013.

    2003

    In 2003, General Media, Penthouse's publisher, filed for bankruptcy protection. Guccione resigned as chairman of the board and CEO of Penthouse International, Inc. The owner of General Media, FriendFinder Networks Inc. itself filed for bankruptcy protection on September 17, 2013. They emerged from bankruptcy protection in December 2013, which eliminated $300 million in debt. As part of the reorganization, the Company's shares were deregistered and will no longer trade on the open market. Penthouse Magazine continues to be published.

    In November 2003 the mansion, on Manhattan's Upper East Side, was foreclosed on by Kennedy Funding of New Jersey, the mortgage holder, along with an affiliate of multibillion-dollar hedge fund Elliott Associates of New Jersey. In January 2004, a group of investors came to Guccione's aid during his eviction. A London-based investor, Jason Galanis, led the investment group which purchased the property for $26.5 million in cash. The house was purchased by NY Real Estate LLC, an entity set up to acquire the mansion. Galanis contributed $2.6 million, and two New York hedge funds, Laurus Funds and Alexandre Asset Management, made a mortgage loan of $24 million to NY Real Estate LLC, which was owned by Penthouse International, the parent and debtor-in-possession of General Media.

    2004

    By 2004, Guccione had undergone surgery for throat cancer and stated: "My cancer was only a tiny tumor about the size of an almond at the base of my tongue. The cure is probably every bit as bad as the disease. It's affected my ability to swallow ... the mobility of my tongue ... it makes it very difficult for me to talk." Guccione was later diagnosed with terminal lung cancer and died on October 20, 2010, two months before his 80th birthday, at Plano Specialty Hospital in Plano, Texas, with his wife April at his side.

    2006

    In 2006 Guccione sued Penthouse Media Group for fraud, breach of contract, and conspiracy, among other charges. Some of the people named in the case included Marc Bell, Jason Galanis, Dr. Fernando Molina, and Daniel C. Stanton.

    2010

    Guccione's British raised son, Bob Guccione Jr. (born 1955), was given editorship of Spin, but father and son soon fell out over editorial decisions, and Bob Jr. eventually found independent investors to continue financing the magazine. Father and son remained estranged for a long time, but reportedly reconciled before Bob Sr.'s death in 2010.

    2013

    In 2013, director Barry Avrich made a film about Guccione's life entitled Filthy Gorgeous: The Bob Guccione Story. The film premiered at the Toronto International Film Festival on September 9, 2013. It was later broadcast in Canada on The Movie Network and Movie Central and in the United States on Epix in November 2013.

    🎂 Upcoming Birthday

    Currently, Bob Guccione is 90 years old. Bob Guccione will celebrate 91st birthday on Friday, December 17, 2021. Below we countdown to Bob Guccione upcoming birthday.

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