The rise of Snap CEO Evan Spiegel, as soon as one of many youngest billionaires on this planet

Snap CEO Evan Spiegel has internet price of round $2.6 billion in keeping with estimates from Forbes.Getty

• Evan Spiegel grew to become one of many world’s youngest billionaires at age 25.
• Spiegel, who’s now 33, has a internet price of $2.6 billion in keeping with Forbes.

Evan Spiegel isn’t any stranger to the ups and downs of helming a significant tech firm.

In 2015, Spiegel grew to become one of many youngest billionaires on this planet — simply 4 years after launching Snap. Between 2021 and 2022, although, Spiegel noticed his internet price tank by nearly 83% as Snap contended with year-over-year losses and issues with its promoting enterprise. Now, at 33, he is price round $2.6 billion, in keeping with the most recent estimates from Forbes.

Snap nonetheless ranks among the many world’s most acknowledged social media manufacturers, and boasts nearly 400 million each day lively customers, Spiegel mentioned within the firm’s 2023 second quarter earnings launch.

Nevertheless, over the past 12 months, the corporate underwent sweeping layoffs, shut down tasks, and noticed a shakeup in its govt ranks, because it struggled with profitability and regular income progress.

This is how Evan Spiegel bought his begin and have become a billionaire by the point he was 25.