Evan Thomas Spiegel is an American Internet entrepreneur. He is the co-founder and CEO of the American multinational technology and social media company Snap Inc. . Spiegel was named the youngest billionaire in the world in 2015.
Evan was born on June 4, 1990 in Los Angeles, California, Evan Spiegel is the co-founder and CEO of Snap Inc., the parent company of Snapchat. Spiegel developed the idea for the popular photo- and video-sharing app while attending Stanford University, alongside former fraternity brother Bobby Murphy. Initially named Picaboo and released in 2011, the app gained steam the following winter, eventually making its co-founders billionaires when Snap went public in early 2017. Spiegel is also known for his marriage to Australian supermodel Miranda Kerr. Spiegel is also a member of the Berggruen Institute’s 21st Century Council.
In 2012, Evan left Stanford to focus on Snapchat shortly before completing his degree. While studying product design at Stanford he proposed Snapchat as a product design class project, an idea which his classmates ridiculed.
The Wall Street Journal has reported that after the predicted March 2017 IPO for Snap Inc., Murphy and Spiegel would hold over “70% of the voting power” in the company, and own around 45% of the total stock.
Entering 2018, Spiegel was estimated to be worth $3.2 billion by Forbes, based on his 18 percent ownership in the company he co-founded. That marked a significant dropoff from when Snap went public in March 2017. At the time, Snap closed its first day of trading at $24.48 per share, up 44 percent from its IPO price, and Spiegel was subsequently rewarded with 37 million additional shares, pushing his net worth to approximately $5.5 billion.