25-year-old Spiegel, with 1.9 billion in assets, becomes the youngest billionaire

A wealth website has announced that Spiegel (Evan Spiegel), who already holds 1.9 billion USD in wealth at just 25, has become the youngest billionaire on its list. The wealth website released a global list of billionaires under 35. The co-founder of the photo-sharing app Snapchat, Spiegel (Evan Spiegel), is only 25 years old yet holds 1.9 billion USD, making him the youngest billionaire on the list.

While studying product design at Stanford University, Spiegel (Evan Spiegel), who holds 1.9 billion USD in wealth, developed an app that could send photo messages to contacts, with the photos removable within ten seconds of being viewed, but it was not successful. After being reworked into Snapchat, the program was launched in the autumn of 2011. Spiegel later dropped out of Stanford University to focus on the Snapchat business.

According to a report by Sing Tao Daily, Spiegel, the 25-year-old chief executive of Snapchat who holds 1.9 billion USD in wealth, ranks fifteenth on the list. The user base of this company for briefly sharing photo and video messages continues to grow, and currently more than 100 million people use this free mobile app every day. At the end of 2013, facebook offered 3 billion USD to acquire Snapchat, but Spiegel refused.