Shane Smith, the cofounder of Vice Media, just put his Los Angeles estate on the market for $50 million, Jack Flemming reported for The Los Angeles Times.
The compound has 14,000 square feet of living space across three structures: a main residence and two guest houses, according to the listing. There's also a 74-foot swimming pool and spa. The structures are nestled amongst palm trees, citrus tree groves, and other lush greenery.
The media executive is asking more than double what he paid for the property, which he bought for $23 million in 2015. The estate, called Villa Ruchello, was built in the 1930s, but Smith spent millions renovating and updating the property, according to the Times. The property is listed with Santiago Arana of The Agency.
Smith, who cofounded Vice in 1994, is known for his brash style and high-flying lifestyle, like dropping $300,000 on a steak dinner and hosting wild parties. He owns another, smaller home about a mile away that he put on the market in 2019 for $4.5 million but that does not appear to have sold. Smith previously owned a Manhattan loft made up of two combined units, which he sold for $5.35 million in 2019.
The Vice executive did not immediately respond to Insider's request for comment on where he plans to move after selling Villa Ruchello.
Take a look inside the media mogul's ultra-private Los Angeles property.