Life is good for Evan Spiegel.

He was given a $800 million bonus for taking his company, Snap Inc., public earlier this year at a $33 billion valuation. Snap’s shares have since taken quite the hit, but Spiegel’s net worth is still around $4 billion, making the 26-year-old one of the youngest billionaires in the world.

He lives a charmed life, and he knows it.

“I am a young, white, educated male,” the Snapchat creator once said at a Stanford business conference. “I got really, really lucky. And life isn’t fair.”

We’ve pulled the highlights of Spiegel’s spectacular life and career from profiles by LA Weekly, Forbes, Business Insider, court documents, and more.


Spiegel grew up in the Pacific Palisades, a ritzy Los Angeles enclave just east of Malibu. He is the older son of two Ivy League-educated lawyers. His parents divorced when he was in high school.

Foto: source Shutterstock

When Spiegel turned 16 and got his driver’s license, he was given a Cadillac Escalade, which he parked in the gated Southern California Edison parking lot next to his school. Spiegel’s father represented Edison during the energy crisis.

Foto: source Shutterstock

Source: LA Weekly


Spiegel spent his early years at an ultra-exclusive school called Crossroads in Santa Monica, which costs tens of thousands per academic year. Other notable alumni include Tinder cofounder Sean Rad, Kate Hudson, Jonah Hill, Jack Black, and Gwyneth Paltrow.

Foto: source Iamnotastalker.com

Around the time that he landed a marketing internship with Red Bull, Spiegel decided that he wanted a more fuel-efficient car to drive around the city in. In a letter from 2008, Spiegel asked his parents to lease him a BMW 550i, which retails for about $75,000. “Cars bring me sheer joy,” he wrote. “I would really appreciate you validating me and all of my hard work by leasing the BMW.”

Foto: source Aurimas / Flickr

The Spiegels were members of a number of exclusive clubs, including the Jonathan Club in Santa Monica and the La Jolla Beach and Tennis Club. They often went on trips to Europe, employed a full-time housekeeper, and even went snowboarding by helicopter in Canada. “We live in a bubble,” Evan wrote in the letter asking for the BMW.

Foto: source Shutterstock

Source: LA Weekly


Spiegel went on to study product design at Stanford (his father’s alma mater), where he met future Snapchat cofounders Reggie Brown and Bobby Murphy.

Foto: From left to right: Reggie Brown, Bobby Murphy, Evan Spiegel source LA County Superior Court

“We weren’t cool,” Murphy later told Forbes, “so we tried to build things to be cool.”

Foto: An early photo of Evan Spiegel and Bobby Murphy. source Snapchat

Source: Forbes


The three were members of the Kappa Sigma fraternity. Spiegel was social chair, and judging from leaked emails, he was quite the partier.

Foto: Snapchat CEO Evan Spiegel source Twitter

In 2014, emails from Spiegel’s days at Stanford were leaked. In expletive-laden messages to members of his fraternity, Spiegel made offensive jokes about having sex with women.

Once the emails were publicized, Spiegel issued an apology.

“I’m sorry I wrote them at the time and I was jerk to have written them,” he said in 2014. “They in no way reflect who I am today or my views towards women.”


While at Stanford, a friend of the family let Spiegel sit in on a graduate-level class on entrepreneurship and venture capital. In that class he heard talks from tech luminaries like Google CEO Eric Schmidt and YouTube cofounder Chad Hurley.

Foto: source HarshLight/Flickr

Source: LA Weekly


Spiegel befriended Intuit founder Scott Cook after he gave a talk at one class. Cook ended up letting Spiegel work on a product Intuit planned to release in India while he worked on his undergrad.

Foto: source Intuit

Cook ended up becoming an early Snapchat investor because he was so impressed with Spiegel. But he thought the idea behind Snapchat was stupid. “I didn’t believe in the product,” Cook recently told BI. “Who needs disappearing photos? I thought he was dead wrong on the business.”

Foto: source Getty

Source: Business Insider


Spiegel dropped out of Stanford just a few credits short of graduation to work on Snapchat full time. The team developed the bulk of the disappearing messages app, which was first called Picaboo, in 2012 while headquartered at Spiegel’s dad’s house in the Palisades.

Foto: source Shutterstock

Though Snapchat eventually moved to offices on the Venice boardwalk, Spiegel lived at his dad’s house for years, in part because “the rent is cheap.”

Foto: source Glassdoor

Reggie Brown filed a lawsuit against Spiegel and Murphy in 2013 after he was forced out of the company and not given equity. The lawsuit was eventually settled, and Snapchat paid Brown $157.5 million to disappear.

Foto: source LinkedIn/Reggie Brown

Source: The alleged betrayal in these photos, texts, and emails cost Snapchat $158 million (Business Insider)


Spiegel moved out of his dad’s house in November 2014 and bought his own three-bedroom house in Brentwood for $3.3 million.

Foto: source Lucas Jackson / Reuters, Facebook / David Offers Fine Homes


It wasn’t long before would-be acquirers came knocking on Spiegel’s door to buy Snapchat. He famously rebuffed a $3 billion offer from Facebook CEO Mark Zuckerberg in 2013.

Foto: source Illustration adapted from Bruce Turner/Flickr

Shortly after Spiegel turned down the offer from Zuckerberg, Facebook tried to clone Snapchat with a failed app called Poke.

Source: Forbes


As Snapchat’s user base and valuation continued to swell, Spiegel quickly became a bona fide celebrity in the worlds of tech and media. Here he is hanging out with George Lucas and Vice CEO Shane Smith during the Vanity Fair New Establishment Summit in October 2014.

Foto: source Michael Kovac / Getty Images

In 2014, Spiegel’s startup loaned he and cofounder Bobby Murphy $5 million each.

Foto: Evan Spiegel (left) and Bobby Murphy (right) source AP

Source: SEC filing


After Snapchat completed a big funding round in June 2015, Spiegel bought himself a Ferrari.

Foto: source Dave Smith/Tech Insider

Spiegel was romantically linked with pop superstar Taylor Swift for a brief time. The two reportedly met in December 2013 at a New Year’s Eve party.

Foto: source Andrew H. Walker/Getty

Source: LaineyGossip


Spiegel has been fascinated with the music industry for years, and former Sony Entertainment CEO Michael Lynton is Snap’s board chairman. Spiegel was reportedly interested in buying Big Machine, the record label that represents Swift, though the deal never went through.

Foto: Michael Lynton. source David McNew/Getty

Source: New York Post


Spiegel started dating supermodel Miranda Kerr during the summer of 2015. They first met at a 2014 dinner for Louis Vuitton.

Foto: source Andreas Rentz/Getty Images; Michael Kovac/Getty Images

In May 2016, the couple purchased a 7,164-square-foot house that had been owned by Harrison Ford for $12 million.

Foto: source Zillow

Things moved quickly after that: the power couple announced that they were engaged in July 2016.

Foto: source AP Images

Spiegel cares about fashion more than most tech CEOs. He made headlines in October 2015 for appearing on the cover of Vogue Italy.

Foto: source Vogue Italy

Source: Vogue Italy


He’s a licensed helicopter pilot who also enjoys flower arranging. His signature shirt is a James Perse white v-neck, which retails for $60.

Foto: source Reuters

He once told GQ that the shirt has been a “staple since high school.”

Source: GQ


Spiegel highly values secrecy in his business dealings as well as his personal life. Snap employees often don’t know about products the company is working on until they’re announced publicly.

Foto: A security camera over the door of Snapchat’s headquarters in Venice. source Thomson Reuters

Sources:


Spiegel often moves across the company’s network of Venice Beach outposts in a black car flanked by his security detail. His security cost $890,399 in 2016.

Foto: (Not Evan Spiegel.) source Kevork Djansezian/Getty Images

Sources:


In February 2016, Snapchat loaned Spiegel $15 million. Snapchat raised $175 million the following month at a $16 billion valuation, and Spiegel repaid his outstanding loans in full later that year.

Foto: source AP

Source: SEC filings


In September 2016, Spiegel renamed Snapchat to Snap Inc. and called it a “camera company.” He also unveiled camera-equipped sunglasses called Spectacles.

Foto: source Snapchat/YouTube

Source: WSJ Magazine


The 26-year-old has been named the youngest self-made billionaire in the world by Forbes for the past two years. He has an estimated net worth of about $4 billion based on Snap’s value as a public company.

Foto: source Larry Busacca/Getty Images for Time Inc

Source: Forbes


Snap went public on Thursday, March 2 at a roughly $33 billion valuation. Spiegel instantly added about $1.6 billion to his net worth based on Snap’s 44% jump in share price.

Foto: source Hollis Johnson

Facebook began to copy Snapchat’s core features in Instagram and across all of its other apps around the later half of 2016. During a February interview, Miranda Kerr expressed frustration about Facebook’s strategy. “Can they not be innovative?” she said. “Do they have to steal all of my partner’s ideas?”

Foto: source Brad Barket/Getty Images

Source: The Times


Snap shares cratered more than 20% when the company missed Wall Street’s expectations for its first quarterly earnings on May 10. Spiegel’s net worth immediately dropped about $1 billion.

Foto: source Getty/Michael Kovac

Source: Business Insider


He earned a $503,205 salary in 2016, plus a $1 million bonus. His base salary has been reduced to $1 now that Snap has gone public, but his ownership of the company makes him worth roughly $4 billion on paper.

Foto: source Youtube/Snapchat

Source: SEC filings


Going forward, Spiegel’s mission at Snap is to “reinvent the camera.” He has positioned his company as the anti-Facebook for communicating with only your closest friends, and he recently told the LA Times that he wants to “inspire creation.”

Foto: source Snap

Source: LA Times


During Snap’s first-ever quarterly conference call with investors on May 10, Spiegel finally addressed Facebook’s relentless copying of Snapchat. “At the end of the day, just because Yahoo has a search box, it doesn’t mean they’re Google,” he said.

Foto: source Snap

Source: Business Insider