Bob Guccione, an American entrepreneur, publisher, photographer, and collector of art, had a net worth of $400 million at his peak.
The founder and publisher of Penthouse, Bob Guccione, was a well-known figure in the adult entertainment industry.
To rival Playboy, Penthouse was launched in England in 1965 and then in North America in 1969.
In Penthouse, there were accounts of corruption, government cover-ups, and scandals.
In the initial editions of Penthouse, Bob took pictures of most of the models.
Guccione’s Manhattan mansion provided him with a more peaceful life than that of Hugh Hefner.
The mansion, which had 30 rooms and was opulently decorated, cost $5 million per year to maintain. By 1982, he was among the top 400 richest people in America, earning a net worth of $400 million.
After accounting for inflation, the net worth is equivalent to approximately $1.8 billion today.
Guccione stated in an interview with the New York Times in April 2002 that Penthouse made $3.5 to $4 billion in revenue over a three-year period and earned nearly $500 million in profits.