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

Madeline Stone

Aug 10, 2015, 23:31 IST

Slaven Vlasic / Getty Images, The Agency

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."

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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.

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