Hugh Hefner Sued by Estranged Wife

Here's the spread. Kimberley Conrad married Hef back in 1989. They had a prenup. Approximately 9 years later they split but never divorced. When they separated, they signed an amendment to the prenup which guaranteed Kimberley a ton of money.

For 10 years, Kimberley has been living in the house next to the Playboy mansion with their two sons. Everything was going swimmingly, until Hef decided to sell the house this year. According to the lawsuit, filed in L.A. County Superior Court, Hef allegedly announced he was not going to honor the agreement anymore and she had 9 months to get out of the house.

The money issues are complicated, but the bottom line -- Kim says Hef owes her more than $5 mil.

Hef tells TMZ: "I was surprised and saddened to learn of press reports that Kimberly Hefner, from whom I have been separated for over 10 years, has apparently filed suit claiming that I owe her $5 million.

"Because neither I nor my attorneys have seen the suit I cannot comment on any of the specific allegations. However, contrary to what has been reported, I have always honored all of my obligations to Kimberly, and in fact I have provided her with substantial funds in excess of the agreed upon amount, and well in excess of any amount suggested or required under California law.

"I am quite confident that when all the facts are known it will become clear that all of my financial obligations throughout the marriage have been generously dealt with."