Evan Thomas Spiegel was born on 4 June 1990, in Los Angeles, California USA, and is an internet entrepreneur who is now well known as a co-founder of Snapchat (with Robert Murphy, and Reggie Brown who has since been bought out), and the current CEO of the company. Of particular interest is that as of October 2015 Evan Spiegel is named by Forbes magazine as the youngest billionaire- in fact the 327th richest person – in the world.
So just how rich is Evan Spiegel? Forbes estimates that Evan’s net worth has already reached $2.1 billion, accumulated almost exclusively from his involvement with Snapshot, over a period of less than four years.
Evan Spiegel Net Worth $2.1 Billion
Evan Spiegel’s parents are both lawyers, so no help there for the budding IT designer. He was educated at Crossroads School for Arts and Sciences in Santa Monica, and also attended design programs at Otis College of Art and Design, as well as at the Pasadena Art Centre College of Design, before enrolling at the prestigious Stanford University to study product design – a decision which obviously worked extremely well, as he dropped-out before graduation to work full-time on his idea for Snapshot.
Clearly Evan was a person determined to succeed with his ideas and in business even as a teenager and while studying, as he also worked in sales at Red Bull in an unpaid capacity, in South Africa as a careers instructor, as well as for a biomedical company, but perhaps most importantly and interestingly on the TxtWeb program at Intuit.
Spiegel’s idea for Snapchat, a video and messaging company, originated during his university studies – he proposed it as a course project, but left his studies behind to concentrate full-time on it as a business, with Murphy and Brown. Obviously his idea had considerable merit, as he persuaded investors to put almost $1 billion of venture capital into the company, which values it at around $15 billion. Without a very short space of time, Snapshot became one of the most popular mobile applications. Surveys indicate that hundreds of millions of people, particularly teens and young adults – 60% of US market alone in this age bracket – are logged into Snapchat, using it to communicate, read the news and watch an ever-growing mix of professionally created, as well as amateur videos. There is no reason to believe that this rapid growth and the overall success of the company is likely to diminish.
Although Spiegel has said that he hopes Snapshot will become a public entity in the not-too-distant future, he is estimated to currently control 13% of the company’s shares, with Robert Murphy owning around 11% – clearly these holdings represent an enormous amount of money based on estimates of the company’s worth.
In his personal life, Evan has apparently been seen recently (October 2015) with Australian ‘super model Miranda Kerr.