Evan Spiegel, co-founder and CEO of the popular social media app Snapchat, is living a pretty adequate version of his best life. He's getting married to model Miranda Kerr, and now at 26 years old and with a net worth of $2.1 billion, he's officially the youngest billionaire in the world.
Spiegel is part of a clique of 14 youthful billionaires under the age of 40 who have found their way into the 400 richest billionaires, and also the youngest. The vast majority of Spiegel's $2.1 billion fortune comes from Snap Inc., the company formerly known simply as Snapchat. Various financial news outlets have reported that Snap, Inc. is preparing for an IPO sometime next year, a move which could increase its total valuation to as much as $25 billion (Snapchat's most recent valuation was before the name change, and reportedly placed the company at about $18 billion). Incidentally, the second-youngest billionaire in that group of 14 is Snapchat's other co-founder is 28-year-old Bobby Murphy, with a net worth of $1.8 billion. And the richest is Facebook's Mark Zuckerberg, at a relatively wizened 32 and with a net worth of around $50 billion.
Snapchat is a hugely popular app, with 150 million users on a daily basis worldwide. And Snap, Inc. recently got into the hardware game with Spectacles, video recording smart sunglasses that sync up directly with Snapchat. As for Spiegel's personal life, he proposed to Kerr over the summer, and two purchased a mansion in Los Angeles' Brentwood neighborhood for $12 million.