The Fabulous Life Of Evan Spiegel, CEO Of Billion-Dollar Startup Snapchat

Growing up, Snapchat CEO Evan Spiegel led quite the privileged life.

He’s even admitted to it.

“I am a young, white, educated male,” he said at a conference. “I got really, really lucky. And life isn’t fair.”

Still, Spiegel and his cofounder Bobby Murphy have built one of the most popular apps for sharing photos and videos with friends in private.

Facebook had a failed attempt with Poke, which was in the same vein as Snapchat.

But Snapchat is still going strong.

Last month, the company added instant messages that vanish, as well as live video calls. Today, Snapchat has 30 million monthly active users. The company has raised $US143 million and is valued at $US2 billion.

Evan Spiegel was born in the ritzy Southern California city of Pacific Palisades. His family's house was worth $US2 million.

A home in Pacific Palisades

He and his family took several trips to Europe, the Bahamas, and Maui.

Sometimes, Spiegel and his dad would take a helicopter to Canada to go snowboarding.

Canada's Mark McMorris performs a jump during the men's snowboard slopestyle competition at the 2014 Sochi Olympic Games in Rosa Khutor.

Once Spiegel learned how to drive, his parents gave him a brand-new 2006 Cadillac Escalade.

But that wasn't enough to appease Spiegel. After his parents divorced, he convinced his mum to lease him a new BMW 550i, a car with a $US75,000 price tag.

At Stanford, Spiegel was part of the Kappa Sigma fraternity. He eventually became social chair.

Spiegel left Stanford in 2012 -- just a few classes shy of receiving his degree -- to focus on Snapchat.

In this Thursday, Oct. 24, 2013, Snapchat CEO Evan Spiegel poses for photos, in Los Angeles. Spiegel dropped out of Stanford University in 2012, three classes shy of graduation, to move back to his father's house and work on Snapchat.

For a little while, Spiegel dated a woman named Lucy, who ended up as a contestant on 'The Bachelor.'

Back in April, Time magazine honored Spiegel and Murphy. They were featured on the list of the most 100 influential people.

Snapchat co-founders Evan Spiegel and Bobby Murphy

After a $US50 million financing round, Spiegel bought himself a Ferrari.

If you want to feel really jealous, take a look at Dr. Dre's life ...

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at