Net Worth: $1.2 billion
LAST YEAR: Not on list
RESIDENCE: Santa Monica
SOURCE OF WEALTH: Media
THE MONEY: Vice Media Inc. co-founder helped turn small Montreal arts and culture magazine into worldwide digital and broadcast media behemoth since its founding in 1994. Vice now carries valuation of $4.5 billion, according to some reports; recently relocated to Los Angeles.
THE BUZZ: Smith reportedly holds largest equity stake of three Vice co-founders; others are Gavin McInnes and Suroosh Alvi. Launched branded lifestyle and entertainment TV channel Viceland in February in partnership with A&E Networks after reported $250 million investment from A&E. Previously, Technology Crossover Ventures invested $250 million; Walt Disney Co. invested $400 million, and 21st Century Fox $70 million. HBO upped Vice’s branded news programming in March of last year with four-year extension that includes daily newscast five days a week. Last month, Vice editorial staff union, represented by Writers Guild of America, East, announced tentative, first-ever collective bargaining agreement that includes 29 percent pay increase over three years. Lives in $23 million Villa Ruchello estate in Santa Monica. Born in Ottawa, Ontario.
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