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Fil-Am is world’s second youngest billionaire–Forbes

By: - Reporter / @NCorralesINQ
/ 09:49 PM March 04, 2015
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Bobby Murphy and Evan Spiegel. SCREENGRAB from www.forbes.com

MANILA, Philippines—A Filipino-American man is the second youngest billionaire in the world in 2015, according to a report by Forbes.

Bobby Murphy, 26, cofounder of mobile application Snapchat, is the world’s second youngest billionaire with a net worth of $1.5 billion.

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His cofounder, Snapchat’s 24 year-old chief executive officer Evan Spiegel, is named the world’s youngest billionaire.

According to Forbes, Murphy, whose mother emigrated from the Philippines, grew up in Berkeley, California.

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Forbes said Snapchat “had received new funding offers at an eye-popping valuation at $19 billion.”

In 2011, Murphy and Spiegel created Picaboo, which they later rebranded as Snapchat.

Murphy, Forbes said, has a stake of at least 15 percent.

Forbes quoted Murphy as saying he and Spiegel “weren’t cool” in college so “we tried to build things to be cool.”

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TAGS: Billionaires, Bobby Murphy, Evan Spiegel, SnapChat
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