Evan Spiegel Net Worth: $7 Billion (approx.)
|Net Worth:||$7 Billion (approx.)|
|Date of Birth:||Jun 4, 1990|
Evan Spiegel net worth is around $7 Billion. Evan Spiegel is a French-American entrepreneur .
Evan Spiegel Net Worth 2022:
Evan Spiegel net worth is around $7 Billion. Evan Spiegel has earned his fortune as the co-founder of Snapchat, technically now known as Snap Inc.
Evan Spiegel Biography:
|Born||Evan Thomas Spiegel|
June 4, 1990 (age 32)
Los Angeles, California, U.S.
|Known for||Co-founder of Snap Inc.|
|Title||CEO of Snap Inc.|
|Spouse(s)||Miranda Kerr (m. 2017)|
Evan Spiegel was born in Los Angeles, California, on June 4, 1990. His parents, John W. Spiegel and Melissa Ann Thomas, are both lawyers. Evan was raised in Pacific Palisades, California, in an Episcopalian household. Evan Spiegel attended high school at the Crossroads School for Arts and Sciences in Santa Monica.
While still a high school student, Spiegel took design classes at the Otis College of Art and Design, as well as the Art Center College of Design in Pasadena.
Evan Spiegel continued his education at Stanford University. Spiegel also had an unpaid internship in sales at Red Bull. While a student, Evan Spiegel worked as a paid intern for a biomedical company, as a careers instructor in Cape Town, South Africa, and at Intuit on the TxtWeb project.
Evan Spiegel Career:
While a student at Stanford, where he studied product design, Evan Spiegel proposed an idea for an app with ephemeral messaging for a class project. His classmates did not lile the idea, but he did not give up.
Instead, Spiegel teamed up with fellow Stanford students Bobby Murphy and Reggie Brown to develop the idea, and they launched the prototype under the name “Picaboo”. They eventually renamed it as “Snapchat”, and by 2012 the app was gaining in popularity and has over 1 million daily active users.
Evan Spiegel actually left Stanford shortly before graduating to focus on the app full-time. The application allows you to photograph something, add text or sketch on the image, and then send it to a controlled group of recipients. You can then specify how long the person can view the image from 1 to 10 seconds. After that, the image is deleted from their smartphone and from the Snapchat server.
In August 2014, Snapchat took on an investment from Venture Capital firm Kleiner Perkins that valued the company as a whole at $10 billion. On March 2, 2017, Snap Inc. debuted on the New York Stock Exchange. Snapchat was expected to go public at $17 per share but actually opened up at $24. On the day of the IPO, Evan Spiegel sold 16 million shares resulting in a $272 million pre-tax windfall (roughly $180 million after taxes). At the time Snap began trading, Evan Spiegel became one of the youngest public company CEO at the age of 26 years . At one point, the founders rejected an all-cash acquisition offer from Facebook for $3 billion dollars.
Evan Spiegel Relationship, childrens:
Evan Spiegel began dating Miranda Kerr, an Australian model, in 2015. They got engaged in July 2016, and married in May 2017. Together, they have two sons, Hart Kerr Spiegel (born 2018) and Myles Spiegel (born 2019).
Evan Spiege lrevealed in 2018 that, inspired by the birth of his first son, he actually went back and completed his missing degree requirements and graduated from Stanford that year. In 2018, Evan Spiegel received French citizenship despite not maintaining French residency. Spiegel was able to do so because of a clause in French naturalization laws that waives residency requirements in the case that an applicant has contributed to the French culture or economy.
Evan Spiegel Philanthropy:
In February 2017, Evan Spiegel and his partner Murphy pledged to donate upwards of 13,000,000 shares of Class A common stock over the next 15–20 years to an arts, education and youth non-profit. They have created the Snap Foundation which is a non-profit organization targeted to help in these areas. Their mission is to “develop path ways to the creative economy for underrepresented youths in Los Angeles.”
In January 2017 The Wall Street Journal reported that after the predicted March 2017 IPO for Snap Inc., Murphy and Evan Spiegel would hold over “70% of the voting power” in the company, and own around 45% of the total stock.
In 2018, Evan Spiegel gave $20 million to Stockton Scholars, a scholarship program in Stockton, California.
He and Murphy have donated $3 million to people affected by COVID-19.
In 2022 at the Otis College of Art and Design commencement, Spiegel announced that he and Miranda Kerr would pay off the 2022 graduating class’s student debt.
Evan Spiegel Controversy:
In 2014, emails sent by Evan Spiegel during his time at Stanford were leaked to Gawker. The emails included misogynistic and homophobic comments. In the email Evan Spiegel openly encouraged getting women heavily drunk in an attempt to convince them to have sex. Spiegel was also encouraging underage drinking, an illegal activity that is common among college students.
Evan Spiegel issued a statement responding to the controversy stating, “I’m obviously mortified and embarrassed that my idiotic emails during my fraternity days were made public. I have no excuse. I’m sorry I wrote them at the time and I was jerk to have written them. They in no way reflect who I am today or my views towards women.