Richest BusinessProducers
Net Worth:
$50 Million
Mar 26, 1969 (55 years old)
Journalist, Film director, Film Producer, Television producer
💰 Compare Suroosh Alvi's Net Worth
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  1. Vice Valuations and Bankruptcy

What is Suroosh Alvi's net worth?

Suroosh Alvi is a Canadian journalist who has a net worth of $50 million. Suroosh Alvi was born in Toronto, Canada, and went on to graduate from McGill University with a degree in Philosophy. In the mid-90s, just after graduating, he co-founded a punk magazine called, VICE. His co-founders were Shane Smith and Gavin McInnes. The magazine's focus expanded over time. The VICE company has since grown to include film, news, music, and publishing arms.

As a journalist for VICE, Suroosh Alvi has reported major stories from the Congo and the Gaza Strip, as well as producing a number of award-winning documentaries, including "Heavy Metal in Baghdad" and "Reincarnated". In 2002, he launched VICE Music, a record label representing both established and up-and-coming artists. The label, which has featured such artists as Snoop Lion, Bloc Party, and Chromeo, has sold nearly 7 million albums to date. VICE also has a series of web channels, which show 60 original video series, as well as a publishing department.

Vice Valuations and Bankruptcy

Below is a history of Vice's funding rounds and resulting valuations:

  • 2011: $50 million investment by WPP, The Raine Group, and MTV founder Tom Freston
    • Valuation: Estimated around $200 million
  • 2013: $70 million investment by 21st Century Fox for a 5% stake
    • Valuation: $1.4 billion
  • 2014: $250 million investment by A&E Networks for a 10% stake
    • Valuation: $2.5 billion
  • 2015: $200 million investment by Disney for a 10% stake
    • Valuation: $2 billion (due to a restructuring of A&E's stake)
  • 2017: $450 million investment by TPG Growth for an undisclosed stake
    • Valuation: $5.7 billion

Both Suroosh and Shane owned 28% of Vice after the 2017, $5.7 billion valuation funding round. So at that point Suroosh Alvi's net worth on paper was $1.5 billion.

In March 2014, Shane Smiith announced that Vice was potentially considering going public down the road. He also claimed if that happened, Vice would seek a $29 billion valuation. At that level, Suroosh Alvi net worth would have been $8 billion.

In late April 2023, it was reported that Vice was potentially on the verge of going bankrupt.

Suroosh Alvi

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All net worths are calculated using data drawn from public sources. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. We welcome all corrections and feedback using the button below.
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