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The fabulous life of Snapchat CEO Evan Spiegel, the youngest billionaire in the world

Published by Business Insider on Thu, 12 Mar 2015


Life is good for Evan Spiegel.Snapchat is reportedly about to receive a $200 million investment from ecommerce giant Alibaba. It's also in the process of raising another round of funding that would place their valuation at $19 billion.And with a net worth of $1.5 billion, the 24-year-old CEO is officially the youngest billionaire in the world, according to Forbes.Spiegel lives a charmed life ' and he knows it."I am a young, white, educated male," he once said at a conference. "I got really, really lucky. And life isn't fair."Spiegel grew up in the Pacific Palisades, a ritzy Los Angeles enclave just east of Malibu. He was the oldest son of two lawyers, though his parents divorced when he was in high school. Source: LA WeeklyThe family had five cars, including three Lexuses and a 1966 Mustang. When Spiegel turned 16 and got his driver's license, he was given a 2006 Cadillac Escalade, which he parked in the gated Southern California Edison parking lot next to his school. Spiegel's father represented Edison during the energy crisis. Source:LA WeeklyAccording to a profile of Spiegel in LA Weekly, the high schooler wanted a more fuel-efficient car since he found himself driving in the city fairly often. In a letter from 2008, Spiegel asked his parents to lease him a BMW 550i, which typically retails for about $75,000. "Cars bring me sheer joy," he wrote. "I would really appreciate you validating me and all of my hard work by leasing the BMW." Source:LA WeeklySee the rest of the story at Business Insider
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