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The Fabulous Life Of Evan Spiegel, CEO Of Billion-Dollar Startup Snapchat

Growing up, Snapchat CEO Evan Spiegel led quite the privileged life.

He’s even admitted to it.

“I am a young, white, educated male,” he said at a conference. “I got really, really lucky. And life isn’t fair.”

Still, Spiegel and his cofounder Bobby Murphy have built one of the most popular apps for sharing photos and videos with friends in private.

Facebook had a failed attempt with Poke, which was in the same vein as Snapchat.

But Snapchat is still going strong.

Last month, the company added instant messages that vanish, as well as live video calls. Today, Snapchat has 30 million monthly active users. The company has raised $143 million and is valued at $2 billion.

 

Evan Spiegel was born in the ritzy Southern California city of Pacific Palisades. His family’s house was worth $2 million.

Evan Spiegel was born in the ritzy Southern California city of Pacific Palisades. His family's house was worth $2 million.

Homes.com

A home in Pacific Palisades

Spiegel’s family had five luxury cars, including three Lexuses and a restored 1966 Mustang.

Spiegel's family had five luxury cars, including three Lexuses and a restored 1966 Mustang.

Flickr/Morning theft

He and his family took several trips to Europe, the Bahamas, and Maui.

He and his family took several trips to Europe, the Bahamas, and Maui.

Four Seasons Resort Maui at Wailea/Facebook

Sometimes, Spiegel and his dad would take a helicopter to Canada to go snowboarding.

Sometimes, Spiegel and his dad would take a helicopter to Canada to go snowboarding.

REUTERS/Lucas Jackson

Canada’s Mark McMorris performs a jump during the men’s snowboard slopestyle competition at the 2014 Sochi Olympic Games in Rosa Khutor.

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Once Spiegel learned how to drive, his parents gave him a brand-new 2006 Cadillac Escalade.

Once Spiegel learned how to drive, his parents gave him a brand-new 2006 Cadillac Escalade.

Alex Davies / Business Insider

But that wasn’t enough to appease Spiegel. After his parents divorced, he convinced his mom to lease him a new BMW 550i, a car with a $75,000 price tag.

But that wasn't enough to appease Spiegel. After his parents divorced, he convinced his mom to lease him a new BMW 550i, a car with a $75,000 price tag.

BMW

Thanks to his dad’s connections, Spiegel attended the prestigious Stanford University. He studied product design.

Thanks to his dad's connections, Spiegel attended the prestigious Stanford University. He studied product design.

Via Flickr

At Stanford, Spiegel was part of the Kappa Sigma fraternity. He eventually became social chair.

At Stanford, Spiegel was part of the Kappa Sigma fraternity. He eventually became social chair.

Flickr/Business Insider

Spiegel left Stanford in 2012 — just a few classes shy of receiving his degree — to focus on Snapchat.

Spiegel left Stanford in 2012 — just a few classes shy of receiving his degree — to focus on Snapchat.

AP/Jae C. Hong

In this Thursday, Oct. 24, 2013, Snapchat CEO Evan Spiegel poses for photos, in Los Angeles. Spiegel dropped out of Stanford University in 2012, three classes shy of graduation, to move back to his father’s house and work on Snapchat.

Snapchat launched in 2011 and quickly became all the rage among college students.

Snapchat launched in 2011 and quickly became all the rage among college students.

Flickr/TechCrunch

Evan Spiegel receives an award while Marissa Mayer looks on.

For a little while, Spiegel dated a woman named Lucy, who ended up as a contestant on “The Bachelor.”

For a little while, Spiegel dated a woman named Lucy, who ended up as a contestant on

ABC/Screenshot

Back in April, Time magazine honored Spiegel and Murphy. They were featured on the list of the most 100 influential people.

Back in April, Time magazine honored Spiegel and Murphy. They were featured on the list of the most 100 influential people.

Ben Gabbe/Getty Images for TIME

Snapchat co-founders Evan Spiegel and Bobby Murphy

After a $50 million financing round, Spiegel bought himself a Ferrari.

After a $50 million financing round, Spiegel bought himself a Ferrari.
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