Vice Media's Shane Smith Is Now A Billionaire

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Vice photo 2014 show at Yves Laroche art gallery

Vice Media co-founder and CEO Shane Smith is now a billionaire, thanks to his stake in the New York-based media company. Following a $450 million investment round, reported Monday, the company is valued at approximately $5.7 billion, with Smith's holding worth some $1 billion.

Private equity firm TPG led the latest $450 million investment, which pegs Vice's valuation at double the New York Times' current market cap. Its price tag is up 128% since 2014. Continues here -