Forbes Pegs Shane Smith's Net Worth at $400 Million
And assuming Jeff Bercovici’s calculations are correct, that puts the VICE co-founder way ahead of Tumblr wunderkind David Karp.
It all adds up to an amazing Canadian rags to U.S. riches story:
A bootstrapped indie magazine from Montreal that for years had no outside investors, VICE is now based in Brooklyn’s Williamsburg neighborhood, makes most of its $175 million in annual revenues from online video and event sponsorships, and is backed by Fox, WPP, the Raine Group and former Viacom CEO Tom Freston.
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