Evan Spiegel

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Evan Spiegel
Evan Spiegel, founder of Snapchat.jpg
Spiegel in November 2013
Born
Evan Thomas Spiegel

(1990-06-04) June 4, 1990 (age 29)
ResidenceBrentwood, Los Angeles, California, U.S.[1]
EducationCrossroads School for Arts and Sciences
Alma materStanford University
OccupationEntrepreneur
Known forCo-founder of Snap Inc.
Net worthDecrease US$3.5 billion (September 2019)[2]
TitleCEO of Snap Inc.
Spouse(s)
Miranda Kerr (m. 2017)
Children2

Evan Thomas Spiegel (born June 4, 1990)[3] is an American businessman who is the co-founder and CEO of the American multinational technology and 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 named the youngest billionaire in the world in 2015.[4]

Early life and education[edit]

Evan was born in Los Angeles, California, to John W Spiegel and Melissa Ann Thomas, both lawyers.[5] Spiegel grew up in Pacific Palisades, California, where he was raised Episcopalian.[6] He was educated at the Crossroads School for Arts and Sciences in Santa Monica, and attended Stanford University.[3]

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.[3] He also had an unpaid internship in sales at Red Bull.[3] 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.[3] Spiegel is a member of the Kappa Sigma fraternity.[7]

Career[edit]

In April 2011, while studying product design at Stanford,[8] Spiegel proposed an app with ephemeral messaging as a product design class project, an idea which his classmates ridiculed.[9] 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.[10][11] The app's popularity grew significantly and in 2012, Evan left Stanford to focus on Snapchat shortly before completing his degree.[3][12] By the end of 2012, Spiegel's Snapchat app had reached 1 million daily active users.[10]

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.[13][14] 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.[15]

On July 19, 2018, Spiegel revealed to "Stay Tuned", NBC News's show on SnapChat that he completed his degree requirements and graduated from Stanford in 2018. He notes that his baby, Hart Kerr Spiegel, was his motivation to complete his collegiate education so that he can inspire his son to graduate from college as well.[16]

Personal life[edit]

Spiegel began dating retired Australian model Miranda Kerr in 2015.[17][18] They became engaged on July 20, 2016.[19][20] They married in a private ceremony in Los Angeles on May 27, 2017.[21] 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.[22]

In November 2017, Kerr announced that she and Spiegel were expecting their first child.[23] On May 7, 2018, Miranda gave birth to their son Hart Kerr Spiegel, named after Spiegel's grandfather.[24][25] In March 2019, the couple announced that they are expecting their second child together, Kerr's third.[26]

As of 2016, Spiegel was ranked #854 on the Forbes 400 with $4 billion in wealth.[27] After, in 2017, Spiegel became one of the youngest public company CEOs at age 26 when Snap began trading in March.[28] Spiegel is also a member of the Berggruen Institute's 21st Century Council.[29][30][31]

References[edit]

  1. ^ Ross, Martha (May 30, 2017). "Evan Spiegel and Miranda Kerr, now married, can have sex". East Bay Times. Retrieved May 9, 2018.
  2. ^ "Evan Spiegel profile". Forbes. Retrieved October 7, 2018.
  3. ^ a b c d e f Van Grove, Jennifer (November 26, 2013). "Snapchat's Evan Spiegel: Saying no to $3B, and feeling lucky". CNET.
  4. ^ "The World's Youngest Billionaire 2015: 46 Under 40".
  5. ^ "StartupBook » Curated News and Advice for Entrepreneurs » 24-Year Old Snapchat Co-Founder Probably Threw The Best Parties Ever In High School". StartupBook.
  6. ^ Gene Maddaus. "Snapchat Went From Frat Boy Dream to Tech World Darling. But Will it Last?". L.A. Weekly.
  7. ^ "5 Facts About Evan Spiegel, Snapchat's Often Controversial Co-Founder". Entrepreneur.com. Retrieved June 3, 2016.
  8. ^ "Evan Spiegel". CrunchBase. Retrieved December 10, 2013.
  9. ^ Colao, J.J. (November 27, 2012). "Snapchat: The Biggest No-Revenue Mobile App Since Instagram". Forbes. Retrieved December 31, 2015.
  10. ^ a b "Snapchat: An Abridged History". Fortune. Retrieved August 24, 2018.
  11. ^ MacMillan, Douglas (November 20, 2013). "Snapchat CEO: 70% of Users Are Women". Wall Street Journal. Retrieved December 31, 2015.
  12. ^ Matthews, Natalie (November 14, 2013). "Finally, a Tech CEO With Style: A Closer Look at Snapchat's Evan Spiegel". Elle.
  13. ^ Taylor, Harriet (February 2, 2017). "Snap co-founders create Snap Foundation to support non-profits". CNBC. Retrieved February 24, 2017.
  14. ^ Velazco, Chris (February 2, 2017). "Snap Inc, Quietley created A Foundation to support arts and education". engadget. Rochester, New York. Retrieved March 3, 2017.
  15. ^ 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
  16. ^ Stay Tuned. July 19, 2018. NBC News.
  17. ^ "Miranda Kerr introduces beau to parents". Thespec.com. August 15, 2015. Retrieved December 31, 2015.
  18. ^ "Miranda Kerr introduces boyfriend to her parents – The West Australian". Yahoo! News. August 17, 2015. Retrieved December 31, 2015.
  19. ^ Christie D'Zurilla, Model Miranda Kerr engaged to Snapchat co-founder Evan Spiegel, Los Angeles Times, July 20, 2016.
  20. ^ Biz Carson, Meet LA's newest power couple: Snapchat CEO Evan Spiegel and supermodel Miranda Kerr profile, Business Insider, July 20, 2016.
  21. ^ Desantis, Rachel (May 28, 2017). "Miranda Kerr weds Snapchat CEO Evan Spiegel". Daily News. New York. Retrieved May 28, 2017.
  22. ^ Green, Dennis (May 10, 2016). "Snapchat CEO Evan Spiegel and model Miranda Kerr just bought a $12 million home together".
  23. ^ "Miranda Kerr and Evan Spiegel Are Reportedly Expecting Their First Child Together". Vogue. Retrieved January 11, 2018.
  24. ^ "Miranda Kerr and Evan Spiegel Welcome 'Beautiful' Son Hart: 'Words Cannot Explain How Happy We Are'". People. May 7, 2018.
  25. ^ "Miranda Kerr Gives Birth to Baby No. 2!". Yahoo!. May 9, 2018.
  26. ^ "Miranda Kerr is expecting her second child with husband Evan Spiegel". Harper's Bazaar UK.
  27. ^ Forbes 400 2016: Youngest Forbes. Retrieved December 20, 2016
  28. ^ Forbes 400 2017: Youngest Forbes. Retrieved March 19, 2019
  29. ^ "Berggruen Institute". Archived from the original on January 6, 2017. Retrieved January 12, 2017.
  30. ^ "The WorldPost".
  31. ^ Benner, Katie. "Snap's Chief Taps Into the 'Right Now'", New York Times, February 1, 2017. "Mr. Spiegel has also involved himself in some political conversations. In 2015, he met with China's president, Xi Jinping, as a member of the 21st Century Council at the Berggruen Institute. Its founder, Nicolas Berggruen, said he impressed a group that includes Mohamed El-Erian, the economist, and former President Nicolas Sarkozy of France with his 'thoughtful and mature approach to people.'"