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Snapchat’s Fil-Am founder in Forbes billionaires list

by on March 7th, 2015 under Biz Progress

Bobby Murphy

Bobby Murphy [via Forbes]

The Filipino-American co-founder of temporary photo messaging company Snapchat has made it to the Forbes Billionaires ranking with a net worth of $1.5 billion.

Fil-Am Bobby Murphy ranked #1250 among 1,826 in the Forbes list.

Murphy, 26, also shares the distinction of being one of the three newest billionaires who have made their fortunes before the age of 30, along with fellow Snapchat founder Evan Spiegel, 24, and beer heir Julio Mario Santo Domingo, 29. Spiegel and Murphy are ranked 1st and second world’s youngest billionaires

Murphy’s source of wealth is listed by Forbes as from Snapchat and self-made. He joins about half of the billionaires who owe their riches to technology.

Snapchat, the popular mobile app that sends a contact a photo message that disappears in 10 seconds or less, was launched in 2011 from a Stanford University project of Murphy and Spiegel.

The two met at Stanford’s Kappa Sigma fraternity house and together with fellow frat brother Reggie Brown, first introduced the app as Picaboo. After a failed launch, they rebranded and launched Snapchat in 2011. The free iOs and Android app currently boasts of 100 million users monthly.

Murphy told Forbes, “We weren’t cool. So we tried to build things to be cool.”

Forbes estimates that Murphy and Spiegel each own at least 15% of the $19 billion value of Snapchat.

A Mathematical and Computational Science graduate, Murphy is the son of government employees, and his mother an immigrant from the Philippines. He grew up in Berkeley, California.

In 2014 Time magazine named Murphy and Spiegel in the world’s 100 most influential people for their real-time picture chatting innovation.

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