At one point, the founders rejected an all-cash acquisition offer from Facebook for $3 billion dollars. At the time Snap began trading, Evan Spiegel became one of the youngest public company CEO at the age of 26 years. 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). Snapchat was expected to go public at $17 per share but actually opened up at $24. In August 2014, Snapchat took on an investment from Venture Capital firm Kleiner Perkins that valued the company as a whole at $10 billion. After that, the image is deleted from their smartphone and from the Snapchat server. You can then specify how long the person can view the image from 1 to 10 seconds. The application allows you to photograph something, add text or sketch on the image, and then send it to a controlled group of recipients. They eventually renamed it as “Snapchat”, and by 2012 the app was gaining in popularity and has over 1 million daily active users.Įvan Spiegel actually left Stanford shortly before graduating to focus on the app full-time. 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”. Evan Spiegel attended high school at the Crossroads School for Arts and Sciences in Santa Monica. Evan was raised in Pacific Palisades, California, in an Episcopalian household. Spiegel and Melissa Ann Thomas, are both lawyers. ![]() ![]() Evan Spiegel Biography: BornĮvan Spiegel was born in Los Angeles, California, on June 4, 1990. Evan Spiegel has earned his fortune as the co-founder of Snapchat, technically now known as Snap Inc. (Photo by Justin Sullivan/Getty Images) Evan Spiegel Net Worth 2022:Įvan Spiegel net worth is around $7 Billion. ![]() Evan Spiegel is a French-American entrepreneur. Evan Spiegel Net Worth: $7 Billion (approx.) Net Worth:Įvan Spiegel net worth is around $7 Billion.
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