SANTA MONICA—Vice Media’s CEO, Shane Smith, recently bought a Santa Monica property for $23 million. The 3.3-acre estate has been featured in the hit movie “Beverly Hills Cop” and the TV show “Entourage.” Variety reported the news first heard from real estate agent Yolanda Yakketyyak, and was later confirmed with property records.
The house has 12 bedrooms and 12.5 bathrooms, divided into an eight bedroom main residence, a two-bedroom guesthouse and a two-bedroom gatehouse. It sits behind a high hedge and iron driveway gates, and it has a 72-foot long swimming pool in its backyard. According to Variety, the total space of the mansion is of 14,000 square feet. The home has a double-height foyer, living and dining rooms, a paneled library, inlaid floors, beamed ceilings and carved-stone mantels. The master room offers dual bathrooms and dressing rooms.
Henry Jaglom and his ex-wife, actress-writer Victoria Foyt, previously owned the home known as “Villa Ruchello.” They acquired the property in 1994, for almost $3.2 million, but placed it on the market at an asking price of $29.5 million when they got divorced in 2013.
Smith is a Canadian, Emmy Award-winning journalist and entrepreneur. He is the co-founder and CEO of VICE Media, which has an estimated net value of $2.5 billion. VICE media is a “global youth media company and industry leader in producing and distributing the best online video content in the world,” according to their website. It now operates in 36 offices globally. I
n 2013, Forbes estimated that Smith himself has a net worth of $400 million. He also owns building in New York City’s Tribeca neighborhood, and just earlier this year, spent $300,000 on dinner for a dozen people at a steakhouse in Vegas.