Trial 11-Year Separation Ends in Divorce For Hugh Hefner and Kimberley Conrad

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Playboy founder and chief pajamas wearer Hugh Hefner is 83, and showing no signs of slowing down. Just kidding. He's actually showing a lot of signs of slowing down -- that's what happens when you turn 83. But he manages to retain that impish grin through whispers of financial ruin, and holds prostate troubles at bay by cycling through a roster of interchangeable bottle-blondes kept track of via the help of a seven-day pill dispenser. He's also the subject of Hugh Hefner: Playboy, Activist and Rebel-- a documentary set to premiere publicly this Saturday at TIFF -- and is the star of his own Guitar Hero 5 endorsement, directed by Brett Ratner himself!

Yes, the dawn has far from set upon this peculiar mogul's fairy tale world of self-fulfillment, even as his marriage from Kimberley Conrad lies in tatters. Conrad -- with whom he had two sons, Marston, 19, and Cooper, 17 -- and Hefner had been legally separated for 11 years. Recent financial strains forced Hefner to sell the neighboring home where Conrad and the boys had lived, causing friction between the two and leading Conrad to take legal action against Hefner, saying she was owed over $5 million in child support. TMZ reports that Hefner is trying to set his payments at a lump sum of $20,000, and estimates his current worth at $43 million ($36 million of which is "in stocks and bonds"). He also explained to the breaking-celebrity-misfortune news service why he'd not gotten divorced until now:

"At the time of the separation, I was happy to get a divorce ... I only remained married for the sake of the children at her request."

Hef told us that he was "faithful" during the time they were together, but says Kim had cheated on him "early in the relationship." Hef says he knows who the other person is, but would not reveal the identity.

Man, can't say I ever thought I'd see the day Hugh Hefner crawled into be with Harvey Levin, but I guess we've all had to make do without in these trying times.

· Hugh Hefner -- My Wife Cheated on Me [TMZ]