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Success Story of World’s Youngest Billionaire Evan Spiegel : CEO of Snapchat

Evan SpiegelBeing richest person is not about your degree and higher education. It is just about your knowledge and your experience. Twenty five years old Evan Spiegel is live example of this as he is world’s youngest Billionaire as well as he is 931th richest man in the world and living his luxurious life with his parents. Evan purchased spanish style house for $3.3 million in the Brentwood section of Los Angeles in California.

In 2011, the photo and video messaging service Snapchat was founded by Evan Spiegel and his fellow Bobby Murphy. According to one survey, Snapchat is widely popular, where more than 100 million users daily visits the application and noticing 6 billion video views per day.

About Evan Spiegel:

Los Angeles, CA

United States

Bachelor of Arts / Science, Stanford University



Marital Status


American entrepreneur Evan Spiegel was born in California. His parents John Spiegel and Melissa Ann Thomas were lawyers. Evan Spiegel was interested in technology and developing sectors. During school time, In local high school he was always trying to do some experiments with photoshop to spend his free time in art lab. At the same time he has also worked for the promotion of Red Bull for bars and clubs.

College Life:

After school life, for further education he took admission at Stanford University in a product design program where he met Bobby Murphy ( co-founder of Snapchat). At Stanford University he got project for designing an online social network by Murphy, which was taken by an inspiration of the Google Circles. But he failed in doing that work.

To develop something innovative and attractive, Evan Spiegel took drop from his Stanford university and started working on his project. Spiegel and Murphy started one project named Future Freshman. This project was online software and was aimed to help in the management of college admissions by counselors, parents and high scholars. Both classmate’s this project was going well in starting, but then it failed.

“The fruit of patience is sweet”, this idiom come true for Evan Spiegel and his fellow. After so many failures in life, they didn’t lose hopes and they were continuously trying to make something new and different.

Career with Snapchat:

Evan Spiegel and Bobby Murphy shared basic idea of Snapchat and started working on developing for the same with Reggie Brown. In starting they gave name ‘Picaboo’ to this application, which was suggested by Reggie Brown. Picaboo was not attractive name for getting investors’ support. Before one month of launching the application Reggie Brown was decided to left the company of Evan and Bobby with 30% of share. Evan and Bobby detach Reggie Brown and changed the name of their application from Picaboo to Snapchat with introduction of few new and attractive features.

In one press conference Evan Spiegel said that, “I am a young, white, educated male. I got really, really lucky. And life isn’t fair.”

Evan Spiegel and Bobby Murphy

About Snapchat:

In today’s generation everyone wants something good and more attractive in their daily life even for mobile applications and social networking sites also. Snapchat is photos and videos messaging mobile application. Initially it was getting response by young users in United States and now it is become million dollar company.

Snapchat is more delightful than the giant social networking site Facebook. Snapchat is widely used for spontaneous chatting with your close friends in funny ways. In snapchat one can upload funny videos or pictures as a snaps and can also share with their love ones. After many failure project finally Evan Spiegel get enormous success by Snapchat.

One biggest advantage of the snapchat is that it removes all the messages from your chat box after its delivery. Once you open any message then you would not be able to see that again, you can see that message only for once. Even you can not be able to see images more than ten seconds.

In snapchat you can also update your “Story”, where you can share your daily activities, happy movements, and funny things. Your friends can see your story repeatedly till 24 hours. In your story you can upload number of photos or videos.

Day by day snapchat is adding new features in the application such as “Replay” option and “Snapcash“. Last month, Snapchat revealed one feature named Replay. By this feature you will get the option to re-open the message or photo if it disappears. And, by Snapcash you can transfer money to your friends by just typing dollar amount into Snapcash box. This feature came from the collaboration of snapchat and square. Square is a mobile payment company driven by co-founder of twitter Jack Dorsey.

Snapchat is also giving trophies according to your scores. You can get scores in snapchat, and your scores are totally based on your activity on Snapchat. You are also able to edit your photos by just tapping the center of the screen. Your center tap will give you many options for photo editing. Even you can add text, kilometers, time, degree celsius or smileys in your picture.

Snapchat is more funny way to interact with your friends rather than facebook. Snapchat works on the same logic of facebook pokes where facebook got failed. On the Facebook more than eight billion video views are noticing daily and on Snapchat more than six billion video views are noticing daily. According to researchers “Snapchat interactions are associated with more positive emotions than Facebook and other social technologies.

Joseph Bayer, a doctoral candidate in the Department of Communication Studies at the University of Michigan and the study’s lead author shared his opinion with media and he said that,”On the surface, many people view Snapchat as the ‘sexting app. Snapchat interactions were perceived as having less social support than other social media. These findings open up important questions about the benefits and costs of different social media”.

However, Snapchat is so far from facebook as it is getting $10 billion pay and facebook is getting $200 billion pay which is quite big amount than snapchat. In 2013, Snapchat rejected $3 billion offer from facebook. Twitter is getting $30 billion pay. Snapchat will cross the Twitter’s pay very soon. Reportadly, Snapchat is getting $200 million investment from ecommerce giant Alibaba.

With the huge success, Snapchat is about to open its new office in the UK ( United Kingdom ). Currently in snapchat only 330 employees are working.

About Reviewstimes Team

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