Bobby Murphy (businessman)

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Bobby Murphy
Robert Murphy, By J. Emilio Flores
Murphy in January 2013
Born
Robert Cornelius Murphy

(1988-07-19) July 19, 1988 (age 30)
ResidenceVenice, Los Angeles, California, U.S.
NationalityAmerican
CitizenshipUnited States
EducationThe School of the Madeleine, Saint Mary's College High School
Alma materStanford University, (B.S.)
OccupationEntrepreneur, and engineer
Known forCo-Founder of Snap Inc. (since 2016)
Co-founder of Snapchat (since 2011)
Home townBerkeley, California. U.S.
Salary$250,000
Net worthDecrease US$1.8 billion (October 2018)[1]
TitleCTO of Snap Inc.
Spouse(s)Kelsey Bateman
Parent(s)Richard Cornelius Murphy Jr. and Rosie L. Go-Murphy

Robert Cornelius Murphy (born July 19, 1988) is an American Internet entrepreneur and engineer. He is the co-founder and the CTO of the American multinational technology and social media company Snap Inc., which he created (as Snapchat Inc.) with Evan Spiegel and Reggie Brown while they were students at Stanford University.

He was named as one of "100 Most Influential People in 2014" by Time. In 2015, Murphy was first listed and became the second-youngest billionaire in the world by Forbes.

Early life[edit]

Murphy was born on July 19, 1988,[2] in Berkeley, California.[3] the son of a Filipino-born mother, Rosie L. Go-Murphy, and a United States-born father, Richard Cornelius Murphy Jr.[4] His parents are both government employees in California. His mother grew up in the Philippines, and emigrated to the United States.[5]

Murphy grew up in Berkeley, California and was educated at the School of the Madeleine, a private Roman Catholic grade school there.[6] He received his secondary education at Saint Mary's College High School, also a private Catholic high school in Berkeley.[7]

Education[edit]

Murphy graduated in 2010 from Stanford University in Stanford, California, where he received a Bachelor of Science degree in mathematical and computational Science.[1] He was also a member of the Kappa Sigma fraternity along with Evan Spiegel and Reggie Brown.[8][9]

Career[edit]

Murphy was recruited by Spiegel after they finished working on a failed startup called Future Freshman, a website that helped high school kids get advice when applying to colleges.[1][10] In 2011, Murphy co-founded a disappearing-image messaging app called Picaboo. The name was later changed to Snapchat.[11][12] After graduating from Stanford, Murphy spent a year working as a software engineer at Revel Systems (an iPad point of sale system for restaurants). Until Snapchat could secure venture capital funding, he used half of his paycheck to cover the cost of Snapchat's server bills.[13][14]

At Snapchat, Murphy has led the engineering and research teams.[14] Murphy has also worked with Snapchat's Snap Labs team, which produced Spectacles camera glasses in 2018.[15][16] At the time of Snapchat's IPO in 2017, Murphy and Spiegel held over 45% of the company's total stock. They also held over 70% of the voting power.[17]

In February 2017, Murphy and Spiegel pledged to donate up to 13,000,000 shares of Class A common stock to their newly created Snap Foundation, which will support the arts, education and youth non-profits, over the course of 15–20 years.[18][19]

Personal life[edit]

Murphy is a native of California.[citation needed] In 2015, he was recorded as the 1,250th-richest person in the world, by Forbes Magazine.[20] In 2015, Murphy ranked as the #15 U.S. Richest Entrepreneurs Under 40.[1] As of 2016, he was ranked #374 on the Forbes 400.[1] In 2018, Murphy purchased the former Pacific Palisades estate of "Green Acres" actor Eddie Albert for the asking price of $19.5 million.[21]

References[edit]

  1. ^ a b c d e "Bobby Murphy profile". Forbes.
  2. ^ Evan Spiegel (2012-07-19), Happy Birthday Bobby!
  3. ^ Bobby Murphy and Evan Spiegel, CNBC, October 6, 2014, retrieved February 18, 2017
  4. ^ "Bobby Murphy profile". celebfamily.
  5. ^ "How this Fil-Am became 2nd youngest billionaire in the world". ABS-CBN News. Philippines. March 5, 2015. Retrieved March 6, 2015.
  6. ^ The School of the Madeleine
  7. ^ Saint Mary's in the Community 2
  8. ^ Heath, Alex. "Here's what we know about Bobby Murphy, Snapchat's mysterious billionaire cofounder". Business Insider. Retrieved 2019-02-22.
  9. ^ "The Snapchat Lawsuit, Or How To Lose Your Best Friend Over $70 Million". TechCrunch. Retrieved 2019-02-22.
  10. ^ "Meet the secret power players who run Snapchat". Business Insider. 2016-09-28. Retrieved 2016-12-07.
  11. ^ "Snapchat: An Abridged History". Fortune. Retrieved 2019-03-05.
  12. ^ Heath, Biz Carson, Alex. "Meet the power players who help Evan Spiegel run Snap Inc". Business Insider. Retrieved 2019-03-05.
  13. ^ Dave, Paresh (2017-03-01). "Bobby Murphy cleaned up after frat parties; now he stands to clean up in Snapchat IPO". Los Angeles Times. ISSN 0458-3035. Retrieved 2017-11-03.
  14. ^ a b Heath, Alex. "Here's what we know about Bobby Murphy, Snapchat's mysterious billionaire cofounder". Business Insider. Retrieved 2019-03-07.
  15. ^ Heath, Alex (2017-08-22). "Snap's Evan Spiegel Doesn't Do Everything Himself. These Are His Top Executives". Inc.com. Retrieved 2019-03-07.
  16. ^ Goode, Lauren (2018-04-26). "Snapchat Debuts New Spectacles. We Try Them on for Size". Wired. ISSN 1059-1028. Retrieved 2019-03-07.
  17. ^ Farrell, Maureen (January 20, 2017), Snapchat Parent Plans to Pay Banks 2.5% of IPO Proceeds, New York: The Wall Street Journal, retrieved January 22, 2017
  18. ^ Velazco, Chris (February 2, 2017). "Snap Inc, Quietley created A Foundation to support arts and education". engadget. Rochester, New York. Retrieved March 3, 2017.
  19. ^ Taylor, Harriet (February 2, 2017). "Snap co-founders create Snap Foundation to support non-profits". CNBC. Retrieved March 3, 2017.
  20. ^ Communications, Forbes Corporate. "Forbes' 29th Annual World's Billionaires Issue". Forbes. Retrieved 2019-03-07.
  21. ^ Leitereg, Neal J. "Snap co-founder Bobby Murphy spends some green on Eddie Albert's former home". latimes.com. Retrieved 2019-03-07.