Evan Spiegel Net worth is not hidden from anyone. We all know that Evan Thomas Spiegel is a French-American entrepreneur with a net worth of billions. Before getting the idea of Evan Spiegel net worth let’s read about his early life, career and all the basic information.
Spiegel was born on June 4, 1990, in Los Angeles, California. He was born in a family of lawyers, John W. Spiegel and Melissa Ann Thomas.
He was brought up in an Episcopalian family in Pacific Palisades, California. He went to Santa Monica’s Crossroads School for Arts and Sciences for his high school education. Otis and Art Center College of Design in Pasadena were among the colleges he attended as an undergrad student. Stanford University was where he continued his studies. Let’s read further to know how Evan Spiegel made his net worth huge that too after being a child born with a rhodium spoon.
Evan Spiegel Career: Before Building the Net Worth
A class project at Stanford’s product design program prompted Spiegel to come up with an idea for a messaging service that would allow users to send ephemeral messages. Even though his classmates didn’t like the idea, he didn’t stop trying.
Bobby Murphy and Reggie Brown, two of his fellow Stanford students, developed the idea and dubbed it “Picaboo,” and they launched the prototype under that name. In 2012, the app was renamed “Snapchat,” and by that time it had grown in popularity and had over 1 million daily active users.
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As a result, just a few months before he was set to graduate from Stanford, Spiegel quit his job to devote himself solely to the app. Using the app, you can take a picture, add text or a sketch, and then send it to a specific group of people. From 1 to 10 seconds, you can then specify how long a user is allowed to view the image. They can then delete the image from their phone and the Snapchat server.
Snapchat received a $10 billion investment from Venture Capital firm Kleiner Perkins in August 2014. Snap Inc. went public on the New York Stock Exchange for the first time on March 2nd, 2017. The expected IPO price was $17 per share, but the stock opened at $24 instead.
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A pre-tax profit of $272 million (roughly $180 million after taxes) was generated when Spiegel sold 16 million shares on the day of the IPO. Snap CEO Evan Spiegel was just 26 years old when the company went public. And he took his first step toward building his net worth later he was one of the youngest CEOs of a publicly-traded company. When Facebook made a $3 billion all-cash acquisition offer, the founders turned it down.
How Much Is Evan Spiegel Net Worth?
Evan Spiegel net worth is expected to be $13 billion. Snap Inc. co-founder Evan Spiegel has made a fortune as a result of his work on the app.
Evan Spiegel Personal Life
As of 2015, Spiegel was dating Australian model Miranda Kerr. A year later, in July of 2016, they announced their engagement and were married in May of 2017. Together, they have two son, Hart Kerr Spiegel (born 2018) and Myles Spiegel (born 2019).
Upon the birth of his first child, he revealed in 2018 that he actually returned to Stanford and finished the requirements for his degree, graduating that year. Spiegel was granted French nationality in 2018 despite his lack of residency in France. A provision in French naturalization laws waives the requirement for a resident to have made a significant contribution to French culture or the economy in order to allow him to do so.
Evan Spiegel Net Worth in Real Estate
In 2016, Evan bought a Brentwood mansion for $12 million from Harrison Ford. A year later, Evan and Miranda got married at this house.
A vineyard in Miranda’s native Australia, as well as her Malibu home and Evan’s Brentwood home before they got married, are all owned by the couple. In 2021, Evan and Miranda spent $100 million on a Holmby Hills, California, mid-construction property, directly across the street from the Playboy mansion.
Evan Spiegel Wealth Details
It is worth noting that at the time of this writing, Spiegel continues to own 210,970,819 Snapchat stock shares. Evan’s shares were worth $1.5 billion as recently as January 2019 when the stock hit its lowest point.
Thanks @cristianoamon ! We’re grateful for our partnership.
— Evan Spiegel (@evanspiegel) April 28, 2022
He regained $2.5 billion in wealth by March of this year. During the IPO, Spiegel was just 28 years old, making him one of the world’s youngest billionaires. In June of 2020, his net worth had re-expanded to $4.5 billion again.
It is estimated that his net worth will reach $9 billion by the end of the year 2020. His fortune had grown to $13 billion by September 2021. Stay tuned with us only on leedaily.com