Net worth: $3.2 bil­lion USD How he made his bil­lions: Snapchat Lo­ca­tion: Venice, Los An­ge­les, Cal­i­for­nia. Age: 27

Technowize Magazine - - Cover Story -

The Stanford dropout keeps adding feath­ers to his cap: the yet to be de­throned youngest bil­lion­aire in the United States is now the youngest CEO of a pub­lic com­pany, Snap, the par­ent com­pany of Snapchat. In 2013, the head­strong and nec­es­sar­ily ar­ro­gant en­tre­pre­neur fa­mously turned down a $3 bil­lion cash ac­qui­si­tion of­fer from Face­book that would have per­son­ally net­ted him $750 mil­lion. Much of his wealth is tied up in shares that fetched astro­nom­i­cal prices when Snap went pub­lic. Evan Spiegel’s net worth has yet to find a ceil­ing.

The app - Snapchat, which al­lows users to send mes­sages that dis­ap­pear shortly af­ter be­ing opened has come to heavy in­flu­ence and de­fined the way young peo­ple com­mu­ni­cate, mak­ing it in­te­gral to ad­ver­tis­ers and any­one else look­ing to mon­e­tize from Mil­len­ni­als and Gen Z-ers. In­ter­est­ingly, the Sil­i­con Val­ley bil­lion­aire is very con­cerned with pri­vacy and likes to stay off the grid.

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