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Evan Spiegel Net Worth: The “Snapchat” CEO Paid Off the College Loans of Art School Graduates!

evan spiegel net worth

Evan Spiegel Net Worth: Evan Spiegel is the co-founder and CEO of Snap Inc., an American social media startup that he founded (as Snapchat Inc.) with Bobby Murphy and Reggie Brown while they were students at Stanford University. In 2015, Spiegel was the world’s youngest billionaire.

In this article, we will explore the net worth of Evan Spiegel.

Early Life of Evan Spiegel

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 was raised in an Episcopalian family in Pacific Palisades, California.

He went to Santa Monica’s Crossroads School for Arts and Sciences for high school. Evan 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.

Evan Spiegel’s Career

As a product design class assignment in April 2011, Spiegel proposed an app with ephemeral messaging.

Ultimately that year, Spiegel collaborated with Stanford classmates Bobby Murphy and Reggie Brown to establish “Picaboo,” a prototype of this concept that they later branded Snapchat.

The popularity of the app grew quickly, and Evan left Stanford in 2012, just before he finished his degree, to work on Snapchat. By the end of 2012, Spiegel’s Snapchat app had a million daily users.

Spiegel and Murphy said in February 2017 that they would give up to 13,000,000 shares of Class A common stock to non-profits that help with art, education, and youth over the next 15–20 years.

They started the Snap Foundation, which is a non-profit group that helps these areas. “Create ways for underrepresented kids in Los Angeles to get into the creative economy,” says their goal.

They just gave $3 million to people who had problems because of COVID-19.

In January 2017, the Wall Street Journal said that after Snap Inc.’s expected IPO in March 2017, Murphy and Evan Spiegel will own about “70% of the voting power” and about 45% of the total equity.

Evan Spiegel’s Net Worth

According to Forbes, Evan Spiegel has an estimated net worth of $4.9 billion in 2022.

Spiegel still controls 210,970,819 shares on Snapchat as of this writing. Evan’s shares were valued at $1.5 billion at the stock’s lowest point in January 2019.

His net worth had risen to $2.5 billion by March 2019. Spiegel was 28 years old at the IPO, making him one of the world’s youngest billionaires.

His net worth had increased back up to $4.5 billion by June 2020. His net worth had risen to $9 billion by December 2020. Evan’s net worth had been increased to $13 billion by September 2021.

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Evan Spiegel’s Properties

Harrison Ford sold Evan a house in Brentwood for $12 million in 2016. After a year, Evan and Miranda got married here.

Miranda and Evan owned a vineyard in Australia, where Miranda is from before they got married. They also owned Miranda’s home in Malibu and Evan’s home in Brentwood.

Evan and Miranda spent $100 million in 2021 on a property in Holmby Hills, California, that was still being built. It was across the street from the Playboy mansion.

Evan Spiegel’s Personal Life

In 2015, Spiegel started dating Miranda Kerr, an Australian model. They married in May 2017 after becoming engaged in July 2016. Hart Kerr Spiegel and Myles Spiegel are their two boys.

 

In 2018, he said that the birth of his first child was the reason he went back to Stanford to finish his degree requirements and graduate.

Spiegel got French citizenship in 2018, even though he didn’t live in France. He was able to do this because of a rule in French citizenship law that says people don’t have to live in France if they have contributed to the country’s culture or economy.

Snap Ceo Evan Spiegel and Miranda Kerr Paid Off the College Loans of Art School Graduates!

As the Otis College of Art and Design’s commencement ceremony concluded, graduates prepared to toss their hats and enter the professional world. They would be equipped with new degrees and, in many cases, student loans.

According to the Los Angeles nonprofit institution, 77 percent of the student body identifies as people of color, and over 90% receive financial help. From the stage, its president, Charles Hirschhorn, admitted that while college provides many benefits, it also has a cost.

“We understand that the shared burden of student debt is a high price you and your families pay for an extraordinary Otis College education,” he stated. “We recognize that your debt may jeopardize your future and hinder your creative goals. This is something we do not want to happen. We want to encourage you to use your imagination, creativity, and ingenuity.”

As a result, he declared that the school would make one more gift to its soon-to-be graduates: it would pay off their outstanding debt.

Evan Spiegel, CEO of Snap Inc., and Miranda Kerr, CEO of KORA Organics, have been married since 2017. They and Bobby Berk received honorary degrees on Sunday.

Spiegel attended Otis High School and Stanford University, where he co-founded Snapchat in 2011 and became a billionaire four years later. His net worth is $5.05 billion, according to Bloomberg.

The school claimed the contribution from the Spiegel Family Fund is the “largest in its history” and would “repay student debt of the Class of 2022.”

The college’s previous largest contribution was $10 million, according to the LA Times.

When Hirschhorn presented the news, students clapped and applauded. When he continued speaking, his voice trembled. “People are sobbing, it’s making me cry,” he chuckled and spoke.

Frequently Asked Questions

At What Age Did Evan Spiegel Become a Billionaire?

The CEO of Snap Became a Billionaire at the Age of 25.

Who Invents Snapchat?

Snap Inc. Snapchat Was Created by Evan Spiegel, Bobby Murphy, and Reggie Brown, Former Students at Stanford University.

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