Hugh Hefner has an estimated net worth of $43 million. The estimated is the figure filed in his divorce with Kimberly Conrad. Hefner wealth to a hit after Playboyâs stock lost over 80% of its value.
The legal age of majority in every state is 18. Younger travelers are not legally able to sign a contract, which would put the car rental agency at risk if the renter decided not to pay. Additionally, the rental agency could be liable if a younger renter was injured in an accident or injured someone else.
The 1/10th rule for car buying is simple. Spend no more than 1/10th your gross annual income on the purchase price of a car. If you make the median per capita income of ~$42,000 a year, limit your vehicle purchase price to $4,200 if you must buy one. Absolutely do not go and spend the median car price of $24,000!