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Weekly Heroes – Evan Spiegel

Evan Spiegel - Youngest Billionaire in the World

Evan Spiegel is the co-founder and CEO of the American multinational technology and social media company Snap Inc, the parent company of Snapchat. In 2015 Evan Spiegel at 25 years old was named the youngest billionaire in the world!

Spiegel was born in Los-Angeles, into a family of lawyers. He was educated at the Crossroads School for Arts and Sciences in Santa Monica, and attended Stanford University. During his studies at the Art and Design College, Spiegel had an unpaid internship in sales at Red Bull, worked as an intern at a company that was engaged in biomedicine, and taught management to the South African students.

At Stanford, Evan Spiegel joined the Kappa Sigma fraternity, where he met future Snapchat CTO Bobby Murphy and Reggie Brown. After Brown remarked how he wished there was a way to send disappearing photos, Spiegel siezed the idea, and they started work on a project. Spiegel as CEO and designer, Murphy as CTO and developer and Brown as chief marketing officer. So, they launch a prototype of this concept called “Picaboo”, which they later renamed as Snapchat. The app’s popularity grew significantly and in 2012, Evan left Stanford to focus on Snapchat shortly before completing his degree. By the end of 2012, Spiegel’s Snapchat app had reached 1 million daily active users.

In the fall of 2013, Facebook CEO Mark Zuckerberg reportedly offered to buy Snapchat for $3 billion. Most valuations pegged the company at a significantly lower worth at the time, and despite standing to gain some $750 million apiece from the deal, its co-founders rejected the offer.

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.
Spiegel is married to an Australian supermodel Miranda Kerr. In November 2017, Kerr announced that she and Spiegel were expecting their first child.

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