Bobby Murphy The Second Youngest Billionaire
A Filipino-American – Bobby Murphy the second youngest billionaire in the world, according to Forbes. Bobby Murphy, Snap Inc.’s low-profile CTO, is second only to his 26-year-old Snapchat co-founder Evan Spiegel.
Murphy is also #11 in Forbes’ America’s Richest Entrepreneurs Under 40. Among the world’s richest, Forbes real-time ranking (as of press time) places Murphy at #444, a huge jump from last year’s #1011.
As per now estimated to be worth $4 billion, Murphy, alongside his partner Spiegel, is relied upon to gain billions dollar more with Snap Inc.’s upcoming IPO as the co-founders own the majority of shares in the organization. Despite the fact that there is no word yet on the value of the IPO, Snap Inc.’s current private market valuation is around $20 billion.
It was at Stanford University where Murphy first time met Spiegel, who was then they in a product-design program. They became really close friends and frat brothers in the Kappa Sigma fraternity.
Murphy and Spiegel first worked together on a failed startup called Future Freshmen, an online tool that aimed to assist high school kids when applying to college. Bobby Murphy The Second Youngest Billionaire
Back in the university, Murphy became famous for creating a disappearing-image messaging app called Picaboo. This app would later become Snapchat in September 2011. When the duo start to co-founded Snapchat in 2011, Murphy took the task of leading Snap’s engineering, product, and research teams.
Murphy told Forbes in 2014, that they “weren’t cool (in college), so we tried to build things to be cool.”
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5 Fun fact about the Founders of Snapchat
1. Spiegel and Murphy met while undergraduates at Stanford.
Spiegel dropped out a few weeks before graduation — he only needed three more classes.
Spiegel studied product design, while Murphy, two years his senior, majored in mathematical and computational science.
2. They both in Kappa Sigma fraternity brothers.
Spiegel was social chair of his fraternity, which is interesting, since he seems to rub a lot of people the wrong way.
The administration kicked the frat off Stanford’s campus in the fall of 2010 for hosting an alcohol-laden party during a strictly “dry” weekend.
3. Murphy and Spiegel had an earlier business venture that failed.
Future Freshman, which debuted in the summer of 2010, was designed to help high schoolers, parents and counselors deal with the stressful college admissions process.
The site ended up being remarkably full-featured, but they never convinced anyone to use it. “We got, like, maybe five people on the service,” Spiegel told Forbes.
4. Murphy’s parents work for the state of California.
His mother also emigrated from the Philippines.
5. After meeting with Mark Zuckerberg a little over a year ago, Spiegel and Murphy ordered Sun Tzu’s The Art of War for each of their six employees.
Zuckerberg had secretly met Spiegel and Murphy in Los Angeles, outlining his vision for Snapchat and describing Facebook’s lookalike product, Poke, which would launch in a matter of days.
Snapchat’s response: Game on.