A private equity boss (Daren Metropoulos) who lives next door to Hugh Hefner (founder of playboy) is set to buy the playboy mansion.

Daren Metropoulos is reported to be buying the 200,000 sq ft property which was worth about $200M.

According to CNN, Daren Metropoulos told The Wall Street Journal:“The heritage of this property transcends its celebrity and to have the opportunity to serve as its steward would be a true privilege”.