Vice CEO Shane Smith bought a mansion in Santa Monica for $23 million

Vice Media CEO Shane Smith has shelled out $23 million for a massive property in Santa Monica, California, Variety reports.Built in 1932, the 3.3-acre estate has a total of 12 bedrooms and 14,000 square feet of space.The home, known as the Villa Ruchello, previously belonged to noted director Henry Jaglom. It has made appearances in "Beverly Hills Cop" and "Entourage."Smith's net worth has been estimated to be as much as $400 million. Brooklyn-based Vice Media, which he cofounded in 1994, has been valued at $2.5 billion.SEE ALSO:Early Uber investor and serial entrepreneur Jason Calacanis is selling his Los Angeles home for $3 millionThe Villa Ruchello sits behind a heavy set of wrought-iron gates.The house was built in the Mediterranean style in the 1930s. There are several ponds on the property, and there's even a wishing well on the way up to the house.Inside, you'll notice some very intricate design details.See the rest of the story at Business Insider NOW WATCH: Tom Hardy makes a crazy transformation playing identical twins in this new gangster movie
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