Suroosh Alvi Net Worth

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.