Net worth: $3.2 billion USD How he made his billions: Snap, Inc. Location: Venice, Los Angeles, California Age: 29
The co-founder and CTO of the social media company Snap Inc., became a billionaire when the company had its initial public offering. Unlike Evan Spiegel, Murphy has maintained a low profile since the beginning of the company. He has given only a handful of interviews, and little is known about his personal life.
Before starting Snapchat, Murphy worked on a failed startup called Future Freshman, a website that gave high schoolers advice on college applications. To fund Snapchat’s quick user growth towards the end of 2012, Murphy used half of his pay check from Revel until they could secure venture capital funding.
Murphy is involved with Snap Labs, a mysterious team within Snap that works on top-secret, yetto-be-announced products.