Evan Spiegel Net Worth 2025: Snap CEO’s Billion-Dollar Rise & Fall

Evan Spiegel, co-founder and CEO of Snap Inc., has been a central figure in the tech world for over a decade. As of 2025, Evan Spiegel’s net worth is estimated at $2.6 billion, a dramatic shift from his 2021 high of $15 billion. Despite the volatility, Spiegel remains one of the youngest and most influential tech billionaires in the world—and one of the few still leading the company he helped build from the ground up.

The Early Visionary

Born on June 4, 1990, in Los Angeles, California, Evan Spiegel was raised in a well-educated, upper-middle-class household—both of his parents were lawyers. He attended Crossroads School in Santa Monica and later Stanford University, where he studied product design. It was there that he came up with the idea of a disappearing photo messaging app—something that would change social media forever.

What started as a class project turned into Snapchat, which Evan launched in 2011 alongside Bobby Murphy and Reggie Brown. After a dispute, Brown was ousted and later awarded a $158 million settlement, but the app took off regardless.

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The Snapchat Boom

Snapchat’s concept of temporary, self-erasing messages struck a chord with younger audiences and quickly went viral. By 2012, the app had over 1 million daily active users, and Evan made the bold decision to drop out of Stanford just short of graduating to pursue it full-time.

Snap’s big break came in 2013 when Facebook reportedly offered $3 billion in cash to acquire the company. Evan famously declined. Critics called it foolish, but it turned out to be the move that solidified his legacy.

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In 2014, venture capital firm Kleiner Perkins invested, valuing Snap at $10 billion. By March 2017, Snap went public, trading under the ticker symbol SNAP. The IPO was priced at $17 per share, but opened at $24, giving Snap a $20 billion market cap.

Evan’s Billion-Dollar Payday

On the day of Snap’s IPO, Evan sold 16 million shares, earning $272 million pre-tax. He also received 37 million additional shares as a performance bonus—worth around $850 million at the time.

At just 26 years old, Evan became one of the youngest public company CEOs ever. By the end of Snap’s first trading day, his net worth was $4 billion, cementing his place among the tech elite.

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Wealth Fluctuations: $15 Billion to $2 Billion

Snapchat’s stock has experienced wild swings over the years:

• June 2020: Net worth reaches $4.5 billion
• December 2020: Climbs to $9 billion
• September 2021: Peaks at $13–15 billion, with Snap stock hitting $83/share
• Late 2022: Stock plunges to $7.50, and Spiegel’s net worth drops to $1.5 billion

Snap’s challenges included advertising revenue slumps, intense competition from TikTok, and broader market shifts. While the platform continues to innovate with AR and AI, the company has struggled to maintain its growth trajectory. As of early 2025, Snap Inc.’s stock has stabilized, and Spiegel’s net worth has rebounded to $2.6 billion.

He still owns over 210 million shares of Snap, maintaining control through a dual-class share structure.

Personal Life: Marriage, Fatherhood & French Citizenship

In 2015, Evan began dating supermodel Miranda Kerr, and the two married in May 2017. They share two sons: Hart (born 2018) and Myles (born 2019). Spiegel has spoken openly about how fatherhood changed his perspective on life, prompting him to return to Stanford and complete his degree in 2018.

Interestingly, Spiegel also received French citizenship that same year under a clause allowing citizenship to individuals who contribute significantly to French culture or the economy, despite not having residency there.

Real Estate: A Taste for Luxury

Spiegel has invested heavily in high-end real estate, including:

• A $3.3 million Brentwood home (listed for $4.95 million in April 2024)
• A $12 million Brentwood mansion purchased from Harrison Ford in 2016 (listed for nearly $20 million in 2024)
• A co-owned vineyard in Australia with Miranda Kerr
• A Malibu property
• A $100 million Holmby Hills estate—purchased in two transactions in 2021, located across from the Playboy Mansion

Despite his minimalist public persona, Spiegel has clearly built a lifestyle that reflects his success.

Life After the Boom: What’s Next?

Evan Spiegel remains at the helm of Snap Inc. in 2025, continuing to steer the company through the ever-changing digital landscape. Recent reports suggest that Snap is investing heavily in augmented reality (AR) hardware and AI-powered content moderation tools, signaling Spiegel’s continued long-term vision.

He’s also expanded his philanthropic efforts, with the Snap Foundation supporting education and racial justice initiatives. Spiegel and Kerr have also donated millions to organizations focused on youth mental health and underserved communities.

Summary

As of 2025, Evan Spiegel’s net worth stands at $2.6 billion. While he’s no longer riding the $15 billion high from 2021, Spiegel has proven he’s in it for the long haul. Through sharp business instincts, visionary thinking, and personal resilience, he’s weathered tech industry volatility—and is still one of the youngest billionaires in Silicon Valley.

From Snapchat’s college dorm beginnings to billion-dollar boardrooms, Spiegel’s journey is a modern tale of entrepreneurship, risk, and reinvention.