Evan Thomas SPIEGEL

Primary Position CEO Age 26
Primary Company Snapchat Birthday 4 Jun 1990
Estimated Net Worth At least $2 billion Residences Los Angeles, California, United States
Brentwood, California, United States
Source Self-Made
Hometown
Los Angeles, California, United States
Religion Christian (Episcopalian)
Ethnicity Caucasian
Alternative Names Evan Spiegel
Marital Status Single

Biography

Spiegel attended Art Center College of Design; studied Product Design at Stanford University and dropped out of the university in 2012. In 2011, Spiegel, Frank Brown, and Robert Cornelius Murphy began developing Snapchat, a photo messaging application. Spiegel, Brown and Murphy formed the Toyopa Group, a partnership company which developed Snapchat; Spiegel also serves as the CEO of Snapchat. Brown appears to have been excluded from the partnership due to undisclosed circumstances and he went on to sue the company. In September 2014, the dispute over Brown's claim of an ownership interest in Snapchat was resolved on mutually agreeable terms, which were confidential. In May 2016, the Snapchat raised $1.8 billion in funds, valuing it at about $18 billion.

Education History

Institution Name Qualification Name Education Type Start Date End Date
Stanford University Dropped Out Undergraduate 2012

Interesting Facts

In November 2013, Facebook offered to buyout Snapchat for $3 billion. However, Snapchat turned down the offer, as well as several other bids, including a rumored $4-billion bid by Google. China-based Tencent Holdings, appeared to have made investment offers to Snapchat as well. In December 2014, a private email exchange between Michael Lynton, the CEO of movie production company Sony Entertainment, who is also a Board Member of Snapchat, and Spiegel and several other Snapchat directors was leaked as part of a massive hacking attack on Sony's email systems. The hacked e-mails confirmed that Snapchat rejected an acquisition offer of more than $3 billion from Facebook in 2013 and showed that Zuckerberg blamed Snapchat for leaking the deal to the press to boost its fundraising efforts and Snapchat investors spurred Spiegel to apologize to Zuckerberg. It was also reported that Spiegel was very upset over the leaked emails which contained important company information and addressed the revelations in a letter saying, "We keep secrets because we get to do our work free from judgment until we're ready to share it, I am so sorry that our work has been violated and exposed."
As a child he used to spend holidays with his family in Maui, Hawaii, summers at La Jolla's Beach and Tennis Club in San Diego, California, and vacations in Europe, along with frequent shopping sprees.
In February 2013, Snapchat raised $13.5 million in funding, which valued the company between $60 million to $70 million. By June, the company had raised its second round of funding of $60 million, valuing the company at $800 million. After a $163 million investment from American Internet corporation Yahoo in October 2014, Snapchat was valued at $10 billion. In March 2016, the company raised $175 million in its latest funding round, valuing it at $16 billion. In May 2016, the company raised $1.8 billion in funds, valuing it at about $18 billion.
During his sixth grade, he had bonded with his computer teacher and learned to build a computer from scratch.
In May 2014, a series of e-mails written by Spiegel to his fraternity brothers at Stanford University was leaked publicly by media blog Gawker's Valleywag. The letter, which he wrote during his college days, had insensitive statements regarding women. Spiegel apologized and said, "I'm obviously mortified and embarrassed that my idiotic e-mails during my fraternity days were made public. I have no excuse. I'm sorry I wrote them at the time and I was a jerk to have written them. They in no way reflect who I am today or my views towards women."
Reportedly, Spiegel's family has five luxury cars, including three Lexus and a restored 1966 Mustang as well as memberships at the Riviera Club, the California Club, the Jonathan Club and the La Jolla Beach & Tennis Club. They took regular trips to Europe, the Bahamas and Maui.
In November 2014, Snapchat reportedly announced the launch of "Snapcash" in partnership with San Francisco, California-based online payment company Square, allowing users to send money to each other.
At the age of 17, Spiegel was driving a 2006 Cadillac Escalade, which his father bought new for $56,000; later wanted a $75,000 BMW 535i. He also wrote a note to his father asking for $1,992 a month for car, food, entertainment and clothing expenses. He also wanted a $2,000 "emergency fund" because his "life is full of unforeseen expenses". His father who was already giving him an allowance of $250 per week refused. As a result, Spiegel racked up more than 11 bank overdrafts. He asked his mother for the car, who finally agreed but he soon got a speeding ticket for driving 62 miles per hour in a 35 miles per hour zone.
Reportedly, he grew up in a wealthy family and views success as luck while others see it as a function of effort.
Spiegel and Bonny Murphy lived together at Stanford University; they created their first project "Future Freshman", a college guidance website. However, the project failed to attract users.
Used to follow the courses of Crossroads School for Arts and Sciences in Santa Monica, California, that cost Spiegel's father $75,000 every year for Spiegel and his two sisters.
In May 2016, Spiegel and his girlfriend Miranda Kerr purchased a 7,164 square-foot mansion in Brentwood, California, for $12 million.
In November 2014, Spiegel reportedly purchased his first house located in Brentwood, California, for $3.3 million. It was reported that he had been living with his father in Pacific Palisades, California, until he bought his own house.
Reportedly, the school where he was studying didn't allow him to park his car on campus, Spiegel's father called a longtime client that favored him a parking spot at the next door property of the school.
After he got accepted by Stanford University, he accepted an internship with a biomedical company but later decided he wanted to be a teacher so he went to Cape Town in South Africa to teach students on how to get jobs.
During the early stages of Snapchat, Spiegel tested the application with random people including the homeless. He gave them an iPhone and asked them to snap pictures. He would then look for their reaction and answer their questions.
While living at this father's house, he used to throw many parties. On one occasion, in October 2007, about 300 teenagers came to the house and one girl suffered a "medical emergency" and was hospitalized.
In September 2015, Snapchat reportedly agreed to acquire San Francisco, California-based mobile application development company Looksery for about $150 million.
In March 2016, Snapchat agreed to buy Toronto, Canada-based web and mobile application developing company Bitstrips for more than $100 million.
Spiegel moved from his father's house and bought a 2,842-square foot Spanish style house located in Los Angeles, California.
Reportedly, his admission to Stanford University was granted as a result of the donations his parents made to the university.
Joined Kappa Sigma and soon became its social chair. However, the fraternity got into trouble in the fall of 2010 when it held a party with alcohol during a "dry" weekend. The administration judged the incident to be a part of a pattern and kicked the fraternity off the campus.
In April 2007, at the age of 17, his parents split after 20 years of marriage and he chose to live with his father at a $4.25 million estate on Toyopa Drive, Los Angeles, just four blocks away from his childhood home where his mother still lives.
In 2011, Frank Reginald Brown, IV, reportedly had a telephone conversation with Spiegel about their partnership with Spiegel hanging up on him. Over the next few days, Frank Reginald Brown, IV, was shut out of the partnership to prevent him from doing any further work on the Snapchat application. Frank Reginald Brown, IV, had tried to contact Spiegel again in 2012 to resolve the matter without litigation. He claimed Spiegel and Robert Murphy responded with a legal letter from a lawyer. In September 2014, Snapchat and Brown announced that the dispute over Brown's claim of an ownership interest in Snapchat was resolved on mutually agreeable terms. The terms of the settlement were confidential.
Reportedly, Spiegel was first approached by Frank Reginald Brown, IV, to share the initial idea of the Snapchat application. They then enlisted Robert Murphy, a fellow Stanford University student, to develop the software for it. The initial explicit agreement was equal interests with one third ownership and profit sharing between the three of them. The partnership also agreed that Frank Reginald Brown, IV, would serve as Chief Marketing Officer, Spiegel as CEO and Robert Murphy as Chief Technology Officer, with each of them having equal say in the control and management of the partnership. In 2011, Spiegel and Partners lived in his father's home to develop the Snapchat application.
While he was still living with his father, Spiegel used the services of Greg Grande, the set designer of the movie "Friends" to redecorate his room. The room had a white leather custom king-size bed, Venetian plaster, floating bookshelves, a state-of-the-art computer, two designer desk chairs and custom closets. He also installed a movie theater with an 8-foot screen in the basement of the house and was able to control the setup from his bedroom.
Spiegel and his friend, Bobby Murphy, who was a Math student at Stanford University, developed an application called Picaboo that could send photo messages to contacts with a timer that would remove them in 10 seconds or less.
During his senior year, he did an unpaid internship at Red Bull, where according to his friend, a priest, he "learned about marketing and assisted with various computer and graphic design projects." Spiegel's version of his time at Red Bull was, "I learned how to throw great parties and I had a blast."

Interests, Passion, Hobbies

Hobby Name Description
Public Speaking Reportedly spoke at a Stanford Women in Business conference in the U.S.
Vehicles - Cars Appears to be passionate about luxury cars. Used to own a 2006 Cadillac Escalade and a BMW 535i.
Business - Entrepreneurship Co-founded Snapchat, a photo messaging application; the application was launched on the Apple AppStore in September 2011.
Philanthropy When Spiegel was a teenager, he was involved in volunteer work. Every Christmas, his father would take him and his two sisters to hand out food at the Head Start centers in California. Also through their church, All Saints Episcopal in Beverly Hills, California they traveled to Mexico to build houses for the poor.
Technology Founded FutureFreshman.com, a site with a guide for students, parents, and counselors on how to manage the college application process, with Bobby Murphy, after they developed an application called Picaboo and Snapchat.
Design Attended Art Center College of Design in California; studied graphic design, advertising and letterpress printing. He also attended classes at the Arts Center College of Design in Pasadena.
Outdoors Reportedly proficient at snowboarding. Spiegel and his father had gone snowboarding by helicopter in Canada. He also enjoys jet skiing and wake boarding.

Philanthropy

Giving Profile
Does not appear to have much of an appetite for philanthropic giving; may donate anonymously. Does not appear to have a family foundation.

Clubs & Boards

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Known Associates

Total known associates: 18. Total known associates net worth: $23.0 billion. To view details, sign up for Wealth-X Professional or Contact Us.

Family Details

Political Interests

Party Affiliation Unknown Political Profile Does not appear to publicly support any political party or philosophy.