Bobby Murphy is a billionaire businessman born on the 1st of April 1988. He is best known as the co-founder of Snapchat, a video messaging application that has reached a valuation of nearly $20 billion.
Have you ever wondered how rich Bobby Murphy is? According to sources it has been estimated that Bobby’s overall net worth is $1.8 billion. Murphy has acquired this impressive amount of wealth by founding one of today’s most popular messaging applications called “Snapchat”. Since this app is developing and attracting more and more users daily, Bobby’s net worth continues to grow.
Bobby Murphy Net Worth $1.8 Billion
Bobby was born in Manila, Philippines, to a Filippino mother who later immigrated to USA. He grew up in Berkeley, California and later went to The School of the Madeleine and Saint Mary’s College High School. Murphy decided to enroll at Stanford University, and graduated with a bachelor’s degree in mathematics and science. During his schooling at the university, he was a member of the Kappa Sigma fraternity and in 2011 he was introduced to another student, and future colleague, Evan Spiegel, with whom he decided to develop his ideas into projects.
Before creating Snapchat, Spiegel and Murphy worked on a number of attempts which turned out to be failures. At first, Bobby’s idea was to create a helpline which would offer aid through the college admission process. However, after this project failed, the two continued to search for other solutions to their ideas, and after a while started creating a social media application which would allow people to edit their acts. This would include deleting unwanted photos after they had already been shared. This app was named Picaboo, and after gaining only a few hundred users and on the verge of becoming another failure, the duo came up with a new name for it and that’s how Snapchat was created. This was the start of their rising net worth.
Murphy and Spiegel added a couple of new features and the application finally began paying off and attracting more attention. At the same time, Snapchat was attracting more and more interest from investors, eventually becoming a highly valued company with almost 100 million daily active users. Bobby even refused Mark Zuckerberg’s offer to buy Snapchat for $3 billion which turned out to be a good decision, since the most recent estimation of Snapchat’s value is at $19 billion, which continues increasing due to the apps constant activity and popularity expansion. Anyway, it keeps adding to Murphy’s net worth – he has remained the brain behind the project to this day.
When it comes to Bobby Murphy’s personal life, not much is known, except for the fact that his former and current colleagues describe him as a very peaceful person, almost impossible to drive up the wall. Murphy isn’t married and there is no information on his love life. He has made the Forbes 2015 list of 400 richest Americans and he is the 1250th richest person in the world and world’s second youngest billionaire. He currently resides in a 2.250 square foot house in Venice, California. Both of his parents work for the state of California.
