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