Shane Smith, a media magnate and former billionaire from Canada, was born on September 28 of that year. He is in charge of all operations of Vice Media, including its international internet channel network, TV production facility, record label, in-house creative services agency, book publishing imprint, and film production arm, in his capacity as executive chairman.
From its establishment in 2004 until March of this year, Smith served as the CEO of Vice. Nancy Dubuc, formerly of A+E Networks, became CEO on March 13th, 2018. Keep Scrolling to know more about Shane Smith’s net worth.
What Is Shane Smith’s Net Worth Now?
Canadian-American author and entrepreneur Shane Smith is worth approximately $2 million. As one of the company’s original founders, Shane Smith amassed a lot of fortune and notoriety. During his prime, Shane amassed a billion bucks.
In June 2017, with a valuation of $5.7 billion, the company raised $450 million, pushing its personal wealth over $1 billion for the first time. At that time, Shane owned 28% of the company, giving him a theoretical value of $1.6 billion.
Going public was always Vice’s end goal. It never happened, though, because, by May of 2023, Vice was rumored to be close to insolvency. The punk culture was the original inspiration for Vice magazine, but the publication has since expanded its focus to include other subcultures’ music, art, journalism, and fashion.
In the 2000s, it began growing into a media conglomerate. A group consisting of Shane, Gavin McInnes, and Suroosh Alvi founded the company. After Gavid decided to leave the company in 2007 due to creative differences, the company paid him between $10 and $20 million to leave.
The VICE name has since spread to various entertainment mediums like film, television, print, and sound recording. He has reported from Iran, Russia, and Liberia while working as a co-host on the HBO series “VICE” and as a journalist for VICE. In this program, we travel the globe with Smith and the other VICE correspondents.
If you look at the list below, you can get an idea of how wealthy other celebrities are:
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- Michael Porter Jr. Salary, Net Worth, Endorsements, And More
What Was His Vice Funding Round Payout?
Vice has raised over $1 billion since 2011. During Vice’s two funding rounds in 2014 and 2015, the company raised approximately $500 million, with Shane Smith selling $100 million worth of his own shares.
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In 2015, Shane and his then-wife Tamyka spent $23 million on a home in Santa Monica, California. The 3.35-acre property was purchased apparently without ever having set foot on it. The dramatic shootout at the end of “Beverly Hills Cop” took place in this house.
The deal turned out great for Shane and Tamyka. Speculation about their breakup led to the sale of their Santa Monica mansion in April 2021 for less than $49 million. In May of 2021, Shane dropped $11.7 million on a property in Malibu, California.
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