Evan Spiegel’s bio Earnings: Evan Spiegel is the co-founder and CEO of Snap Inc., an American social media firm he created (as Snapchat Inc.) with Bobby Murphy and Reggie Brown while attending Stanford University. Spiegel was the world’s youngest billionaire in 2015.
On June 4, 1990, Evan Thomas Spiegel was born in the city of Los Angeles, in the state of California. His father is a lawyer, John W. Spiegel, and his mother is a lawyer, Melissa Ann Thomas.
He was brought up in an Episcopalian household in the Pacific Palisades neighborhood of California. In Santa Monica, he graduated from the Crossroads School for Arts and Sciences after completing his high school education there.
While he was still in high school, he attended the Art Center College of Design in Pasadena and the Otis College of Art and Design. Both of these prestigious design schools are located in the Los Angeles area. He attended Stanford University in order to further his education.
Spiegel began dating Miranda Kerr, an Australian model, in 2015. They announced their engagement in July 2016, and they wed in May of the following year. Together, they are the proud parents of two boys named Hart Kerr Spiegel (born in 2018) and Myles Spiegel (born in 2019).
He disclosed in 2018 that, after the birth of his first kid, he actually went back and finished the qualifications he was missing in order to graduate from Stanford in the same year. His motivation came from the birth of his first son.
Despite the fact that Spiegel did not continue to live in France after 2018, he was granted French citizenship. Since of a provision in French naturalization legislation, he was entitled to do so because the law exempts applicants from the residency requirement in the event that they had made significant contributions to the culture or economics of France.
As a class project, while he was studying product design at Stanford, Spiegel came up with the concept for an app that would allow users to send messages that would disappear after a short period of time.
Although the majority of his students did not like the concept, he did not give up on it. Instead, he collaborated with fellow Stanford students Bobby Murphy and Reggie Brown to develop the idea, and the three of them dubbed the resulting prototype “Picaboo.”
In the end, they decided to rebrand it as “Snapchat,” and by 2012, the app was becoming increasingly well-known and had over one million people using it on a regular basis. As a direct consequence of this, Spiegel quit Stanford just a few months before completing his degree in order to work on the app full-time.
The application gives you the ability to take a picture of something, write or draw on it, and then share it with a select group of people. You will then be able to choose an amount of time for the user to view the photograph, ranging from one to ten seconds. After then, the image will be removed from both the user’s mobile device and the server that Snapchat uses.
The venture capital firm Kleiner Perkins made an investment in Snapchat in August of 2014, which resulted in a valuation of the entire company at $10 billion at the time of the deal. On the first day of trading for Snap Inc.
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was March 2, 2017, on the New York Stock Exchange. The price of one share of the company’s stock was projected to be $17 when it went public; however, it opened at $24. On the day of the first public offering (IPO), Spiegel sold 16 million shares, which resulted in a windfall of around $272 million before taxes and approximately $180 million after taxes.
When Snap first started trading, Spiegel, who was only 26 years old at the time, became one of the youngest chief executive officers of a public business. At one point, the company’s founders decided against accepting a cash-and-stock takeover offer from Facebook worth $3 billion.
In 2016, Evan handed out a total of $12 million to Harrison Ford in order to purchase a home in the Brentwood area. One year later, Evan and Miranda tied the knot here at this house.
In addition to Miranda’s property in Malibu and Evan’s previous residence in a different section of Brentwood, Miranda and Evan jointly own a vineyard in Australia, where she was born and raised, as well as both of their homes in the United States.
Evan and Miranda spent a total of $100 million for a property in Holmby Hills, California, that was in the middle of the development process in 2021. This property was located just across the street from the Playboy house.
What is Evan Spiegel’s Net Worth?
Entrepreneur Evan Spiegel, who was born in France but raised in the United States, has a net worth of $13 billion. Evan Spiegel is the co-founder of Snapchat, which is now formally known as Snap Inc., and has given him a substantial fortune.