Shane Smith is a billionaire whose net worth is $2 billion. He is a journalist and media executive who is the executive chairman of the international media company "Vice Media".
Furthermore, he also generates a huge amount of worth as an entrepreneur. In 2015, according to Canadian Business, he was listed on "Canadian's Richest People" with his net worth to be at $1.27 billion.
Let's know more about how Shane Smith makes his income source.
Co-founder of Media Venture
Shane Smith has made an impressive amount of money through his ventures. He began his business by co-founding the youth magazine "Voice of Montreal" in 1994.
His partners were Suroosh Alvir and Gavin Mclnnes. The name of the magazine changed to "Vice", which was before funded by the Government of Canada.
Later, they released "VICE" from the government and shifted their office to Williamsburg, Brooklyn. "Vice Media" started expanding into digital video in 2006 with the partnership with "Intel", "Viacom", "Youtube", and "HBO".
The company created digital channels such as "Vice News", "Noisey", "Munchies", "i-D", "Garage", "Vice Impact", "Refinery29", and so on. It is the only media company that made rapid gross in the business industry in 20 years.
Income Through Television Presenter
Aside from investing in the media business, he has also hosted some news shows. He is a host of "VICE's HBO show" and "VICE Special Reports", which are based on online content.
In 2016, Smith accompanied former president Barck Obama as part of the president's first historic visit to federal prison. He conducted the first public interview with the "Eagles of Death Metal" to follow the "2015 terrorist shooting".
While broadcasting the show "Vice Special Report: A Houses Divided", he interviewed John Boehner, Eric Cantor, Barack Obama, and others for which Shane was nominated for "Emmy Award".
Ower of Duplex Mansion
In 2021, the cofounder of "Vice Media" has bought a 7,489 square feet house in Serra Retreat, Malibu, California. He dropped $11.7 million for the house, it has covered 1.24 acres.
Before that, he and his family were residing in a 14,000 square feet mansion. In 2015, the couple purchased it at the cost of $23 million. The estate is called "Villa Ruchello" which was built in the 1930s.
Later, they kept for sell on market price $50 million but Smith spent millions for renovation and updating the property. Similarly, in 2019, he sold a Manhattan loft made up of two combined units for $5.35 million.
Awards For His Work
In his 27 years of journey in the television industry, Smith has received numerous awards. He has won "Emmy Award" in 2014 which he received for covering global warming in Greenland, Antarctica, and beyond.
Likewise, honored by "Cannes Lions Madia Person of 2016", two times "Peabody Award", "Environmental Media Association Award", "Brand Genius Awards", "Knight Innovation Award", and so on.