|Net Worth:||$1.6 Billion|
|Date of Birth:||June 4, 1990 (32 years old)|
|Nationality:||United State Of America|
What is Evan Spiegel’s Net Worth?
Evan Spiegel is an American business magnate who has a net worth of $1.6 billion. Evan’s net worth decreased from $15 billion to about $2 billion in the ten months between mid-September 2021 and late July 2022 as Snap’s stock price dropped from $83 to about $10.
Evan Thomas Spiegel was brought into the world on June 4, 1990, in Los Angeles, California. He has two attorneys for his parents: John W. Spiegel and Melissa Ann Thomas. His family was Episcopalian and he was raised there in Pacific Palisades, California.
He completed his secondary school education at Crossroads School for Arts and Sciences in Santa Monica. When he was still a high school student attending design classes, he was enrolled at the Pasadena Art Center College of Design and the Otis College of Art and Design in Los Angeles. Stanford University is where he finished his education.
Spiegel came up with the concept for an app with transitory messaging as a Stanford University undergraduate majoring in the design process for a semester project. It was rejected by his peers, but he persisted despite their objections.
As an alternative, he collaborated on the concept with classmates Bobby Murphy and Reggie Brown from Stanford. Under the moniker “Picaboo,” they released the prototype. Reggie Brown left the organization at some time in 2011.
Later, he would file a lawsuit against Evan and Bobby, alleging invention of Snapchat was his. Finally, a $158 million compensation was paid to Reggie Brown. After being rebranded ultimately to “Snapchat,” the software gained popularity and had over 1 million daily active users by 2012.
You can take a picture of something, add words or a drawing to it, and then email it to a specific group of recipients using the application. After that, you may set a time limit of 1 to 10 seconds for the viewer to view the image. The photograph is then removed both from the Snapchat server and their smartphone.
An all-cash $3 billion buyout bid from Facebook was rejected by the creators at some stage in 2013. Snapchat made a very wise decision when it decided to accept a $10 billion valuation from venture capital firm Kleiner Perkins in exchange for an investment in August 2014.
The New York Stock Exchange first listed Snap Inc. on March 2. The firm opened up at $24 instead of the predicted $17 per share, closing the day with a market valuation of $20 billion. Using the proceeds from the sale of 16 million shares on the IPO day, Spiegel made a profit of $272 million (or roughly $180 million after taxes).
When Snap started trading, Spiegel became one of the newest CEOs of a public corporation. At that moment, he was 26 years old. Evan’s net worth stood at $4 billion at the end of the IPO day. He became one of the world’s youngest officially recognized billionaires as a result.
In 2015, Australian model Miranda Kerr and Spiegel started dating. July 2016 saw their engagement, and May 2017 saw their nuptials. Hart Kerr Spiegel (born in 2018) and Myles Spiegel (born in 2019), their two kids.
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