Hugh Hefner buys $5 million home for wife

Hugh Hefner, 87, has purchased a $5 million home for his playmate wife, Crystal Harris, 27.

TMZ reports Playboy's CEO purchased a 5,900-square-foot Hollywood Hills mansion last month in both his and Harris's name.

Hefner and his wife currently live at the Playboy Mansion from which they have no intention of moving, a source told TMZ. However, he decided to buy the house for Harris in case something happens to him given that he rents the Playboy Mansion.

Since the 4-bedroom, 5-bathroom mansion is under both spouses' names, in the event that they get divorced Hefner can choose to either give Harris the house, or buy her out.