Since its launch in 2011, Snapchat has become a social media staple. After rejecting a takeover bid from Facebook’s Mark Zuckerberg, the co-founders of the app have earned their share of fame and fortune.'
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| Image source: thekissagency.com |
Snapchat’s CEO, Evan Spiegel, is among the world’s youngest billionaires. At just 26 years old, Spiegel has an estimated net worth of $5 billion. And according to forecasts, it is possible that he’ll reach $25 billion soon.
Spiegel is very vocal about his upbringing, describing himself as “young, white, and educated.” His parents, who were both Ivy League-educated lawyers, divorced when he was in high school. He was fortunate enough to enter Stanford, where he met Snapchat co-founders Bobby Murphy and Reggie Brown in a fraternity. Just like Zuckerberg, Spiegel did not graduate from Stanford. With just a few units left before graduation, Spiegel decided to work on Snapchat full time.
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| Image source: stuff.co.nz |
Snapchat and its co-founders had their share of controversy, too. In 2013, Brown sued Spiegel and Murphy after they kicked him out of Snapchat without paying him equity. In a sour turn of events, Spiegel and Murphy paid Brown $157.5 million in settlement.
At his peak twenties, Spiegel rose to celebrity status and was rumored to be dating different A-list celebrities.
Hello, I’m Steve Sorensen, a business blogger and investment strategist interested in learning about the net worth of the world’s richest people. Visit this page for similar content.
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