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Evan Spiegel

Evan Spiegel

Evan Spiegel, CEO of Snap, became a billionaire at the age of 25.

Evan Thomas Spiegel (born June 4, 1990) is an American businessman who is the co-founder and CEO of the American social media company Snap Inc., which he created (as Snapchat Inc.) with Bobby Murphy and Reggie Brown while they were students at Stanford University. Spiegel was the youngest billionaire in the world in 2015.

Early life and education

Spiegel was born in Los Angeles, California to lawyers John W. Spiegel and Melissa Ann Thomas. He grew up in Pacific Palisades, California, where he was raised Episcopalian. He was educated at the Crossroads School for Arts and Sciences in Santa Monica, and attended Stanford University.

Spiegel took design classes at the Otis College of Art and Design while still in high school and at the Art Center College of Design in Pasadena the summer before entering Stanford. He also had an unpaid internship in sales at Red Bull. While a student, he 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. Spiegel is a member of the Kappa Sigma fraternity.

Career

In April 2011, Spiegel proposed an app with ephemeral messaging as a product design class project. Later that year, Spiegel worked with fellow Stanford classmates Bobby Murphy and Reggie Brown to 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 February 2017, Spiegel and 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 pathways to the creative economy for underrepresented youths in Los Angeles." Recently they have donated $3 million to people affected by COVID-19. 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.

Personal life

Spiegel began dating Australian model Miranda Kerr in 2015. They became engaged on July 20, 2016. They married in a private ceremony in Los Angeles on May 27, 2017. Just a month before Spiegel's engagement to Kerr, he purchased a 7,164 square foot, $12 million house that was previously owned by Harrison Ford. In May 2018, Miranda gave birth to their first child, a son. In October 2019, Kerr gave birth to their second son.

As of 2021, Spiegel was ranked number 55 on the Forbes 400 with $13.8 billion in wealth.

In 2017, Spiegel became one of the youngest public company CEOs at age 26 when Snap began trading in March. Spiegel is also a member of the Berggruen Institute's 21st Century Council.

In 2018, he and his son Hart received French citizenship through a clause in the naturalization laws that waives French residency requirements for applicants that contribute to the French culture or economy.

In the same year, he gave $20 million to Stockton Scholars, a scholarship program in Stockton, California.

Timeline

June 4, 1990
Evan Spiegel was born in Los Angeles.

Patents

Further Resources

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Tanya Dua, Lara O'Reilly and Dan Whateley
April 23, 2021
Business Insider
Snap just had its highest year-over-year revenue and daily active user growth in three years.
Avery Hartmans
January 22, 2021
Business Insider
The 10,000-square-foot house, located near the Seine river in Paris, includes six bedrooms and five bathrooms.
BBC News
December 30, 2020
BBC News
Founder Evan Spiegel has questioned whether platforms are responsible for user behaviour in a BBC interview.
Alexei Oreskovic
November 25, 2020
Business Insider
In this week's edition of the Insider Tech newsletter, we look at Snapchat's TikTok envy, and we celebrate the 100 top startups of 2020.
Shira Ovide
May 21, 2020
www.nytimes.com
Robots are cool. But we should be skeptical of emerging technology.
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