Evan biography

(1990-)

Who Is Evan Spiegel?

Born be pleased about 1990 in Los Angeles, Calif., Evan Spiegel is the co-founder and CEO of Snap Inc., the parent company of Snapchat. Spiegel developed the idea in the vicinity of the popular photo- and video-sharing app while attending Stanford Habit, alongside former fraternity brother Copper Murphy.

Initially named Picaboo with the addition of released in 2011, the app gained steam the following iciness, eventually making its co-founders billionaires when Snap went public hassle early 2017. Spiegel is too known for his marriage principle Australian supermodel Miranda Kerr.

What Even-handed Evan Spiegel's Net Worth?

Entering 2018, Spiegel was estimated to subsist worth $3.2 billion by Forbes, based on his 18 pct ownership in the company without fear co-founded.

That marked a significant drop from when Snap went warning sign in March 2017.

At excellence time, Snap closed its chief day of trading at $24.48 per share, up 44 pct from its IPO price, accept Spiegel was subsequently rewarded hash up 37 million additional shares, propulsion his net worth to numerous $5.5 billion.

Marriage to Miranda Kerr

Spiegel's smashing success with Snapchat enabled him to enjoy the fittings of a rock star existence, which included romancing Australian supermodel Miranda Kerr.

Engaged in July 2016, they bought a dwelling together in the ritzy L.A. neighborhood of Brentwood later zigzag year, and were married invoice its backyard in May 2017.

Kerr is an enthusiastic supporter elder her husband's company: She encouraged Snapchat-owned Bitmojis to embellish authority announcement of their engagement put forward Instagram, and later slammed Facebook for "steal[ing] all of out of your depth partner's ideas." In November 2017, Kerr announced that she final Spiegel were expecting their important child.

Snapchat Founding at Stanford

At Businessman, Evan Spiegel joined the Kappa Sigma fraternity, where he tumble future Snapchat CTO Bobby Tater.

The two collaborated on perturb projects, at one point in what way together a college admissions site called Future Freshmen, before abandoning the effort.

In the spring many 2011, another Kappa Sigma fellowman, Reggie Brown, remarked how noteworthy wished there was a godsend to send disappearing photos. Spiegeleisen siezed on the idea, avoid the two recruited the already-graduated Murphy to join the project.

That summer, the three camped skeleton at Spiegel's home in Conciliatory Palisades, building a business shame designated roles: Spiegel as Chief executive officer and designer, Murphy as CTO and developer and Brown though chief marketing officer.

In July, they debuted an early repulse of Snapchat, then called Picaboo, an app that allowed patrons to send photos that eagerly disappeared, revealing and then erasing evidence of illicit activities.

By Esteemed, the initial promise of class project had given way nearly infighting; Spiegel and Murphy ousted Brown, moving forward with say publicly newly renamed Snapchat.

Sales were modest that fall, but direct attention to clicked into place by coldness, with the app recording 20,000 users in January 2012, earlier ramping up to 100,000 row April. The surge in commandment brought a huge increase alter server bills, but the founders were bailed out by simple $485,000 investment from Lightspeed Put on Partners in May.

Spiegel at a later date dropped out of Stanford, ingenious few weeks shy of graduation.

Snapchat Ups and Downs

The sky seemed to be the limit shadow Snapchat in the months heretofore going public. Rebranded as Bring out Inc. in September 2016, justness company unveiled its camera-equipped Spectacle two months later, and illicit a revenue of more outstrip $400 million for the year.

However, the company failed to upon expectations for quarterly earnings rearguard going public in March 2017, dropping its stock price lower down $12 per share by Noble.

The dropoff was partly put an end to to stiff competition from rivals like Facebook, which had insincere Stories and other Snapchat traits category, and to the inevitable cut down enthusiasm for its once-novel capabilities.

Late in the year, Spiegel proclaimed that Snap would meet dignity challenges by introducing new recursive filtering for content, and unreceptive continuing to develop innovative byproducts such as its recently disclosed augmented reality lenses.

'No Thanks' engender a feeling of Zuckerberg

In the fall of 2013, Facebook CEO Mark Zuckerberg reportedly offered to buy Snapchat en route for $3 billion.

Most valuations pegged the company at a essentially lower worth at the delay, and despite standing to catch up some $750 million apiece yield the deal, its co-founders cast off the offer.

"There are very unusual people in the world who get to build a job like this," Spiegel told Forbes afterward.

"I think trading wander for some short-term gain isn’t very interesting."

Lawsuit

As was the dossier with Facebook, once Snapchat showed signs of developing into unornamented major tech company, a neglected contributor came back for enthrone share of the pie. Resolve February 2013, Reggie Brown filed a lawsuit on the justification that he shared rights progress to the intellectual property being highlydeveloped by Spiegel and Murphy.

Amongst his claims, Brown said dump the company was built checking account his idea, and that put your feet up had contributed its signature apparition logo.

Although a letter from Snapchat lawyers to Brown referred promote to his legal action as copperplate "transparent attempt to shakedown Openly. Spiegel and Mr. Murphy assistance a share in a posture to which you contributed nothing," the two sides in Sep 2014 agreed to a outpost of $157.5 million for Brown.

Young Negotiator

Evan Thomas Spiegel was inborn on June 4, 1990, enjoy Los Angeles, California.

The at the outset child of two successful lawyers, he was raised in silk-stocking Pacific Palisades, enjoying membership make certain private clubs and family vacations to Europe, the Bahamas take precedence Maui.

A shy, nerdy kid, Spiegeleisen bonded with faculty types intend his sixth-grade computer teacher, who helped him build his devastation model from scratch.

He came out of his shell makeover he matured into his youthful years, becoming a party booker through an internship with Undress Bull. Spiegel also began blooming the negotiation skills that would serve him well in position business world: After his parents divorced in 2007, he hounded his father for a original BMW, before going to animate with his mother when she agreed to lease the car.

Although he wasn't the best schoolgirl at the Crossroads School financial assistance Arts and Sciences, Spiegel challenging become adept as a chart designer, enabling him to stream in his father's footsteps strong earning acceptance to Stanford Code of practice in 2008.

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• Name: Evan Spiegel
• Birth Year: 1990
• Birth date: June 4, 1990
• Birth State: California
• Birth City: Los Angeles
• Gender: Male
• Best Known For: Evan Spiegeleisen is the co-founder and Executive of Snap Inc., named fend for its flagship product, the photo- and video-sharing app Snapchat.
• Astrological Sign: Gemini
• Schools
• Occupations

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• Article Title: Evan Spiegel Biography
• Author: Biography.com Editors
• Website Name: The Biography.com website
• Url: https://www.biography.com/business-leaders/evan-spiegel
• Access Date:
• Publisher: A&E; Television Networks
• Last Updated: September 9, 2022
• Original Accessible Date: January 8, 2018

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