Evan Spiegel reportedly dropped $4 million on a massive New Year's Eve party for Snapchat -- and Drake's going to be there

Dave Smith/Business Insider
  • Evan Spiegel, CEO of Snapchat parent company Snap Inc., reportedly spent over $US4 million on the company’s New Year’s Eve party at L.A. Live, according to TMZ.
  • Spiegel rented out several venues, including the Microsoft Theatre, a bowling alley, and Wolfgang Puck’s restaurant.
  • The company is flying in Snapchat employees from around the world, and Drake is said to be performing.

Evan Spiegel, CEO of Snapchat parent company Snap Inc., is reportedly spending north of $US4 million on his company’s New Year’s Eve party tonight, according to documents obtained by TMZ.

Snap’s party to close out 2017 will reportedly be held at L.A. Live, the massive entertainment complex in downtown Los Angeles that includes various restaurants, theatres and venues. According to TMZ, Spiegel and Snap rented out “Microsoft Theatre and virtually every venue facing Microsoft Square – Katsuya, Lucky Strike, Tom’s Urban, Conga Room and Wolfgang Puck Bar & Grill.”

Spiegel, the 27-year-old billionaire co-founder of Snap, is apparently paying for the party himself. Per a Snap spokesperson: “We’re excited to celebrate a transformative year as a team. Evan is personally sponsoring the night’s performance.”

TMZ claims Snap has been planning this party for months, and secured permits to host as many as 5,000 guests. The company is reportedly flying in employees from around the world to be at the event, which will reportedly include a “105-foot DJ tower and pyrotechnics.” Oh yeah, and rapper Drake is also said to be performing.

So… what do you have planned?

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