**Net Worth of Evan Spiegel**
Below is a table highlighting the key details of Evan Spiegel’s net worth:
| | |
|———————|——————————–|
| Net Worth | $2.6 billion |
| Salary | N/A |
| Birthdate | June 4, 1990 |
| Birthplace | Los Angeles, California, USA |
| Gender | Male |
| Height | N/A |
| Profession | Entrepreneur |
| Nationality | American |
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What is Evan Spiegel’s Net Worth?
Evan Spiegel, an American entrepreneur, currently has a net worth of $2.6 billion. As the co-founder of Snapchat, now known as Snap Inc., Spiegel accumulated his fortune through the success of the social media platform. While at its peak, Snap’s stock price pushed Spiegel’s net worth to approximately $15 billion. However, due to a decline in Snap’s share price, his net worth recently plunged to around $2 billion.
Highlights
– Evan Spiegel’s net worth is estimated to be $2.6 billion.
– He co-founded Snapchat, now known as Snap Inc.
– At the peak of Snap’s stock price, Spiegel was worth around $15 billion.
– His net worth experienced a significant decline due to the decrease in Snap’s share price.
Early Life
Evan Spiegel was born on June 4, 1990, in Los Angeles, California. His parents, John W. Spiegel and Melissa Ann Thomas, both work as lawyers. He grew up in Pacific Palisades, California, in an Episcopalian household. Spiegel attended the Crossroads School for Arts and Sciences in Santa Monica for his high school education. During this time, he also took design classes at the Otis College of Art and Design and the Art Center College of Design in Pasadena. Spiegel continued his studies at Stanford University.
Career
While studying product design at Stanford, Spiegel conceived the idea for an app with ephemeral messaging as part of a class project. Despite initial skepticism from his classmates, Spiegel persisted and joined forces with fellow Stanford students Bobby Murphy and Reggie Brown to develop the concept. They launched the app’s prototype under the name “Picaboo.”
In 2011, Reggie Brown left the company and later sued Spiegel and Murphy, claiming that Snapchat was originally his idea. Brown ultimately received a $158 million settlement. The app was later renamed “Snapchat,” and by 2012, it gained popularity, attracting over 1 million daily active users. This success led Spiegel to leave Stanford before completing his degree to focus on Snapchat full-time.
Snapchat allows users to capture photos, add text or sketches to the image, and send it to a select group of recipients. The sender can specify the duration for which the recipient can view the image, ranging from 1 to 10 seconds. After the specified time elapses, the image is automatically deleted from both the recipient’s device and the Snapchat server.
In 2013, Spiegel and Murphy turned down a $3 billion acquisition offer from Facebook. This decision proved to be wise, as Snapchat later received a significant investment from Venture Capital firm Kleiner Perkins, valuing the company at $10 billion in August 2014.
Personal Life
In 2015, Spiegel began dating Australian model Miranda Kerr. 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). Inspired by the birth of his first son, Spiegel returned to Stanford to fulfill his remaining degree requirements, and he graduated in 2018. He also obtained French citizenship in the same year, thanks to a clause in French naturalization laws that exempts residency requirements for applicants who have contributed to French culture or economy.
Net Worth Over Time
Spiegel’s net worth has experienced fluctuations over time. In June 2020, his net worth stood at $4.5 billion, which grew to $9 billion by December 2020. By September 2021, it had further increased to $13 billion. However, due to Snapchat’s declining stock price, his net worth dropped significantly. As of October 2022, with the stock price sinking to $7.50, Evan’s shares were worth approximately $1.57 billion.
Components of Net Worth
Evan Spiegel’s net worth primarily consists of his ownership of 210,970,819 shares of Snapchat. The fluctuation in Snap’s stock price directly impacts the value of his shares and, consequently, his net worth. Additionally, other factors contribute to his net worth, such as investments, business ventures, and personal assets.
In terms of real estate, Spiegel purchased a home in Brentwood from Harrison Ford for $12 million in 2016. This property served as the venue for his wedding with Miranda Kerr. The couple also co-owns a vineyard in Australia, as well as properties in Malibu and Holmby Hills, California.
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*Disclaimer: The net worth mentioned in this article is based on publicly available data and is subject to change.