What Is Evan Spiegel's Net Worth?

Evan Spiegel’s Net Worth

Evan Spiegel, a French-American entrepreneur with a net worth of $13 billion. Evan Spiegel made his money as a co-founder of Snapchat, which is now officially known as Snap Inc.

Early Life

Evan Thomas Spiegel was born on June 4, 1990, in Los Angeles, California. John W. Spiegel and Melissa Ann Thomas, his parents, are also lawyers. He grew up in an Episcopalian family in Pacific Palisades, California. He went to Santa Monica’s Crossroads School for Arts and Sciences for high school. He took design seminars at Otis College of Art and Design and the Art Center College of Design in Pasadena while still in high school. He went on to Stanford University to further his study.

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Evan Spiegel’s Career

What Is Evan Spiegel's Net Worth?

Spiegel offered an idea for an app with ephemeral messaging for a class assignment while a student at Stanford, where he studied product design. Although his classmates did not think it was a good idea, he persisted. Instead, he collaborated on the project with fellow Stanford students Bobby Murphy and Reggie Brown, and the prototype was dubbed “Picaboo.” They subsequently changed the name to “Snapchat,” and by 2012, the app had surpassed 1 million daily active users. As a result, Spiegel dropped out of Stanford just before graduation to focus solely on the app. The program allows you to take a snapshot of something, add words or a drawing to it, and then email it to a select group of people. You can then choose between 1 and 10 seconds for the person to view the photograph. The photograph is then removed from their smartphone as well as from the Snapchat server.

Snapchat received a $10 billion investment from venture capital firm Kleiner Perkins in August 2014, valuing the company as a whole. Snap Inc. debuted on the New York Stock Exchange on March 2, 2017. The business was supposed to go public at a price of $17 per share, but it instead started at $24. Spiegel made a $272 million pre-tax profit (approximately $180 million after taxes) on the day of the IPO by selling 16 million shares. Spiegel was one of the youngest CEOs of a public business when Snap went public; he was 26 years old at the time. At one time, the founders turned down a $3 billion all-cash takeover offer from Facebook.

Evan Spiegel’s Personal Life

What Is Evan Spiegel's Net Worth?

In 2015, Spiegel started dating Miranda Kerr, an Australian model. They married in May 2017 after becoming engaged in July 2016. They have two sons, Hart Kerr Spiegel (born 2018) and Myles piegel (born 2019).

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In 2018, he disclosed that, spurred by the birth of his first baby, he went back to Stanford and finished his missing degree requirements, graduating that year. Despite not residing in France, Spiegel was granted French citizenship in 2018. He was permitted to do so because to a provision in French citizenship legislation that exempts applicants from residency requirements if they have contributed to the culture or economy of France.

By Stephanie Scott

Stephanie Scott is an award-winning journalist and momma to Debbe Scott. She is passionate about quality reporting and writing, as well as servicing women readers. She is most passionate about and likes to learn about new cultures as and when she can.  Stephanie, her daughter, and her husband, Eric Scott, live in New York City.