Introduction:

Shane Smith is a name synonymous with success and wealth, particularly in the world of media and journalism. He is a Canadian-American entrepreneur who co-founded Vice Media, and he has been instrumental in its success. Smith has established himself as one of the most financially successful media entrepreneurs in the world, with a net worth of over $1 billion. Let’s deep dive into his net worth and career triumphs.

1. Early Life and Education:

Shane Smith was born on September 28, 1969, in Ottawa, Canada. He grew up in a working-class family and attended Carleton University in Ottawa, where he majored in English and Political Science.

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2. Early Career:

Smith’s early career was not in media but in manual labor. He worked as a roofer and bricklayer before he got into journalism. In the early 1990s, he worked as a freelance writer and later became an editor at the Montreal-based alternative magazine, Voice of Montreal.

3. Vice Media:

In 1994, Smith co-founded Vice Media, along with Suroosh Alvi and Gavin McInnes. The trio aimed to create an alternative, edgy, and bold media outlet that spoke to the youth. What began as a small Canadian print magazine has expanded into a global media company with offices in over 35 countries.

4. Financial Success:

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Vice Media’s financial success is impressive. In 2013, Rupert Murdoch’s 21st Century Fox bought a 5% stake in Vice Media for $70 million, valuing the company at $1.4 billion. In 2017, Vice Media was valued at $5.7 billion, and Smith was named one of Forbes’ 100 wealthiest self-made entrepreneurs in America.

5. Film and TV:

Smith has produced and appeared in several documentaries and television shows. In 2006, Vice Media launched VBS.tv, an online television series that covered topics such as music, film, art, and travel. In 2012, Vice Media started a weekly news show on HBO, and Smith became the host of Vice News Tonight.

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6. Criticisms:

Despite the success and popularity of Vice Media, the company has faced criticism over the years. Some of the criticisms include the lack of diversity among its staff, its coverage of sensitive topics such as race and gender, and its alleged exploitation of interns and freelancers.

7. Current Ventures:

In 2018, Smith left Vice Media and started his new venture, a production company called Smithee. He also co-founded a cannabis company, called Serra, which aims to bring sophistication to the world of marijuana.

8. Philanthropy:

Smith is also active in philanthropy and supports several charitable organizations, including the Red Cross, Rainforest Alliance, and the Future Project.

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Conclusion:

Shane Smith’s wealth and success story are a result of dedication, hard work, and risk-taking. He co-founded Vice Media, which has become a global media giant with a valuation of several billion dollars. Despite facing criticism, Smith has continued to push boundaries and has started new ventures that speak to his love for alternative media and his entrepreneurial spirit.

FAQs:

1. How much is Shane Smith worth?

Shane Smith’s net worth is estimated to be over $1 billion.

2. Which media outlet did Smith co-found?

Smith co-founded Vice Media in 1994.

3. What is Smith’s new venture?

Smith’s new venture is a production company called Smithee.

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4. Which charitable organizations does Smith support?

Smith supports several charitable organizations, including the Red Cross, Rainforest Alliance, and the Future Project.

5. What was Smith’s early career before he got into journalism?

Smith worked as a roofer and bricklayer.

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