47-year-old CEO of Vice Media becomes a billionaire

Shane Smith, the Co-founder and CEO of Vice Media, has now become a billionaire. The surge in Smith's fortune came after Vice's $450 million investment round, which pegs the company's valuation at $5.7 billion. With this, 47-year-old Smith has joined 86-year-old Founder of 21st Century Fox Rupert Murdoch as one of the world’s richest media barons.