The Real Deal New York

Vice CEO Shane Smith buys Calif. mansion for $23M

Head of Brooklyn-based media company now owns 3.3-acre estate

August 10, 2015 03:05PM
By Business Insider

shane smith house

Shane Smith and house in Santa Monica, Calif. (credit: Business Insider)

Vice Media CEO Shane Smith has shelled out $23 million for a massive property in Santa Monica, Calif.

Built in 1932, the 3.3-acre estate has a total of 12 bedrooms and 14,000 square feet of space, Variety reported.

The home, known as the Villa Ruchello, previously belonged to noted director Henry Jaglom. It has made appearances in “Beverly Hills Cop” and “Entourage.”

Smith’s net worth has been estimated to be as much as $400 million. Brooklyn-based Vice Media, which he cofounded in 1994, has been valued at $2.5 billion.