Eyeing posh real estate have reached the eyes of the newspaper mogul Shane Smith. According to variety.com, "Smith shelled out an eye-popping $23 million for a magnificent, multi-acre Mediterranean compound in Santa Monica." The name of the estate is Villa Ruchello and it is secured by high-privets and traditional iron driveway entrances. The newly shelled out home of Smith has twelve bedrooms, and twelve full bathrooms. Open and wide spaces are present in this home. The guesthouse is separated. It also boasts of a separate two-bedroom gatehouse. According to a report by variety.com, "The updated, but carefully preserved 1932 mansion includes a circular double-height foyer."
With regards to décor and architectural designs, this home is leading the way. The floors are mosaic. The ceilings are hand-painted and is beamed boasting of carved-stone mantels as stated in a report by variety.com. The compound, Villa Ruchello has been featured many times in movies such as "Beverly Hills Cop" as well as the HBO comedy series "Entourage." It was previously owned by artsy director Henry Jaglom and actress-writer Victoria Foyt, who acquired the posh property in 1994 for almost $3.2 million as stated in a report by variety.com. The original market price for this lavish home was $29.5 million. The price paid for was way above the original price when the previous owners bought it for the price of $3.2 million.
The family room gets to enjoy a scenic view from the terrace. The upper-floor master suite provides dual bathrooms and dressing rooms as stated in a report by variety.com. This villa also a 72-foot-long swimming pool and a cabana.
This home is a real deal for the newspaper mogul. It's not every day that a villa as expensive as this is bought in the market with no questions asked. The elite way of life of Shane Smith is seen even in the way he lived and walked. According to businessinsider.com.au, "Shane Smith, CEO of $US2.5-billion media company Vice, reportedly dropped $US300, 000 on a steak dinner while in Las Vegas for CES." The total net worth of Shane Smith is about $400 million as stated in a report by wsj.com.
