Evan Spiegel’s Net Worth, Salary, and Everything You Need to Know About Spanchat CEO

Evan Spiegel is the CEO and Co-founder of Snap Inc., the company that owns the popular social media platform – Snapchat. From a young age, he exhibited a keen interest in technology and design, which later led him to become the youngest billionaire in the world in 2015.

Spiegel, along with his classmates Bobby Murphy and Reggie Brown, developed a messaging app that challenged the permanence of digital communication. Under Spiegel’s leadership, Snapchat evolved from a simple photo-sharing app to a global phenomenon, redefining social media privacy and intriguing the tech industry. 

Snapchat’s impact on the tech industry is undeniable, and Spiegel’s vision and drive have not only made him one of the youngest billionaires but also cemented his status as a leading figure in the tech industry. So, let’s look at some interesting facts about this influential businessman that will surely inspire young entrepreneurs to come.

Quick Facts About Evan Spiegel

Evan Spiegel’s Early Life and Education

Spiegel was born June 4, 1990, in Los Angeles, California. His parents, John W. Spiegel and Melissa Ann Thomas, were both lawyers. He spent his childhood in Pacific Palisades, California. He went to Crossroads School for Arts and Sciences in Santa Monica. He later enrolled at Stanford University. 

He attended design courses at Otis College of Art and Design during high school. He continued his education at the Art Center College of Design in Pasadena before starting his college life at Stanford. His work experience is diverse; he interned at Red Bull, where he gained sales experience. 

Evan Spiegel’s time as a student was marked by various internships, including a paid position at a biomedical firm. Additionally, Spiegel was part of the Kappa Sigma fraternity, further expanding his network and experiences during his university days.

Evan Spiegel’s Career Timeline and Current Positions

In 2011, Evan Spiegel introduced the idea of a messaging app that allowed messages to vanish after being viewed as part of his class project in product design. That same year, with classmates Bobby Murphy and Reggie Brown at Stanford, Evan developed an initial version of this app, initially named “Picaboo,” which was later rebranded as Snapchat. 

The app quickly gained traction, and by 2012, Spiegel decided to leave Stanford to dedicate himself to Snapchat, just shy of earning his degree. By the year’s end, Snapchat boasted a daily active user base of 1 million. Spiegel eventually wrapped up his coursework and received his degree in 2018.

Spiegel and Murphy committed a philanthropic move in February 2017 to give away over 13 million shares of their company’s stock over the next two decades to support non-profits focused on the arts, education, and youth. This led to the establishment of the Snap Foundation. Additionally, they contributed $3 million to aid those impacted by the COVID-19 pandemic.

Evan Spiegel’s Current Positions

Evan Spiegel’s Wife and Kids

Evan Spiegel and Miranda Kerr started dating each other in 2015. Let us know that Miranda is a renowned Australian model. The couple got engaged on July 20, 2016, and they exchanged vows in an intimate wedding in Los Angeles on May 27, 2017. 

In the lead-up to their engagement, Spiegel invested in a sprawling 7,164-square-foot residence, once belonging to actor Harrison Ford, for $12 million. Talking about Evan Spiegel’s kids, the couple has three sons: Hart, born in 2018, Myles in 2019, and Pierre in 2024.

Evan Spiegel’s House and Lifestyle

Evan Spiegel leads a lifestyle that mirrors his innovative spirit. His residence, a grand estate in Los Angeles’ prestigious Holmby Hills, is worth $120 million. The house spans an impressive 7,164 square feet and was once part of Harrison Ford’s real estate portfolio.

Spiegel’s taste for the finer things extends to his choice of vehicles. His car collection includes the sleek Lamborghini Huracan, valued at around $280,000, and the powerful Ferrari F12 Berlinetta, priced at $300,000. He also owns the robust GMC Yukon, a more practical choice for everyday use, priced at $65,000.

Evan Spiegel’s Net Worth in 2024

As of 2024, Evan Spiegel’s net worth is estimated to be around $3.2 billion. Despite his wealth, Spiegel is known for his modest lifestyle. He takes a nominal salary of just $1 from Snap, emphasizing his commitment to the company’s long-term vision rather than short-term gains. His philanthropic efforts are also notable, with substantial donations made to the Snap Foundation to empower youth.

Current Holdings of Evan Spiegel

Evan Spiegel’s Social Media Account

Despite being a founder of one of the most popular social networking sites, Evan Spiegel isn’t active on social media. However, he has an official blue tick account on Twitter with the username @evanspiegel. He has 73.6K followers. 

Surprising Facts About Evan Spiegel

• As a child, Evan attended design classes at the Art Center College of Design, which later influenced Snapchat’s design.
• Before Snapchat, he co-founded an online platform called Future Freshman, which unfortunately didn’t take off.
• Evan started coding in high school and built a patented software program.
• He famously turned down a $3 billion offer from Facebook for Snapchat in 2013.
• Evan has a passion for luxury cars, a common trait among successful entrepreneurs.
• He’s not just tech-savvy; Evan is also a certified helicopter pilot.
• Evan is a father, balancing his family life with his role at Snap/.
• At one point, he was the youngest billionaire in the world.
• Despite his wealth, Evan only receives a $1 salary from Snap, showing his commitment to the company’s growth.
• He’s also known for his charitable work, particularly through the Snap Foundation.

FAQs

How did Evan Spiegel Get Rich?

Evan Spiegel accumulated his wealth as the co-founder and CEO of Snap Inc., the parent company of Snapchat. His fortune grew with the app’s popularity, leading to a successful IPO in 2017.

Is Evan Spiegel the Youngest Billionaire?

Evan Spiegel was the youngest billionaire in 2015 at the age of 25. However, as of 2024, he is no longer the youngest, with others claiming the title.

Who Owns Snapchat CEO?

Snapchat is owned by Snap Inc., with Evan Spiegel as the CEO. He co-founded the company with Bobby Murphy, and they both have significant voting shares, giving them control over the board.

Is Snapchat Profitable?

Snap Inc., Snapchat’s parent company, reported profitability for the first time in the fourth quarter of 2021, with a net income of $23 million.