--- title: Snapchat's Evan Spiegel Is $1 Billion Poorer Than Before IPO description: "Snapchat has lost 20% of its value since its IPO —\_and Evan Spiegel's net worth has suffered." authors: - name: Rob Wile url: https://money.com/author/rob-wile/ at_money_since: 2017 articles: 191 covers: - Business - Career Advice - Economy and Politics - Education - Housing - Identity Theft - Insurance - Investing - Lifestyle - Personal Finance - Retirement - Shopping - Taxes - Technology social: - https://x.com/rjwile former_staff: true published: '2017-08-10T14:53:33.000Z' modified: '2017-08-10T14:53:33.000Z' section: Business tags: - Billionaires - Investing - IPO - snapchat - stocks word_count: 237 canonical: https://money.com/evan-spiegel-net-worth-snapchat-ipo/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Trading On The Floor Of The NYSE As All Eyes on Snap After 2017's First Tech IPO Prices Above Range](https://img.money.com/2017/08/170810_evan-spiegel-2017.jpg) *Evan Spiegel, co-founder and chief executive officer of Snap Inc., stands on the floor of the New York Stock Exchange (NYSE) during the company's initial public offering (IPO) on March 2, 2017.* On March 2, Snapchat made its stock market debut, with an initial public offering priced at $17 and shares rising to $24.48 by the end of the trading day. In the process, cofounders Evan Spiegel and Bobby Murphy made a combined $2.8 billion, becoming the only self-made billionaires in the world under the age of 30 to own a publicly traded company, [according to Forbes](https://www.forbes.com/sites/katevinton/2017/03/02/snap-cofounders-fortunes-rise-a-combined-2-8-billion-on-ipo-day/#2078c862653d). And Spiegel, who the magazine had previously said was worth $4 billion, was suddenly $1.4 billion richer. It's been all downhill from there. Since its IPO, Snapchat shares have slid more than 20%; there have been only a handful of days on which its stock price has not declined. Shares were trading Thursday morning at $13.48. That puts [Spiegel's current worth at $3.1 billion, Forbes says](https://www.forbes.com/profile/evan-spiegel/) — lower than before Snapchat went public. And it could fall even further. On Thursday afternoon, Snapchat will issue its second-ever earnings report. Analysts are expecting a loss of $366 million, or 30 cents a share, FactSet data show — wider than the company's loss of $115.9 million a year ago, [according to the Wall Street Journal](https://www.wsj.com/articles/snap-quarterly-results-what-to-watch-1502359203). "Wall Street will expect to see continued user growth and increased engagement despite Snap's arguments that [it's prioritizing quality over quantity](https://www.axios.com/one-way-to-think-about-snaps-user-growth-2216790479.html)," Axios media reporter Sara Fischer [writes](https://www.axios.com/what-to-expect-from-snaps-second-earnings-report-2471105929.html). "However, user growth looks grim for Snapchat, which has seen stagnant growth in recent quarters since Instagram launched a copycat 'Stories' feature." ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/evan-spiegel-net-worth-snapchat-ipo/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Business", "item": "https://money.com/business/" }, { "@type": "ListItem", "position": 3, "name": "Entrepreneurship", "item": "https://money.com/entrepreneurship/" }, { "@type": "ListItem", "position": 4, "name": "Snapchat's Evan Spiegel Is $1 Billion Poorer Than Before IPO" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/evan-spiegel-net-worth-snapchat-ipo/#webpage", "url": "https://money.com/evan-spiegel-net-worth-snapchat-ipo/", "name": "Snapchat's Evan Spiegel Is $1 Billion Poorer Than Before IPO", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2017-08-10T14:53:33.000Z", "mainEntity": { "@id": "https://money.com/evan-spiegel-net-worth-snapchat-ipo/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/evan-spiegel-net-worth-snapchat-ipo/#breadcrumb" }, "dateModified": "2017-08-10T14:53:33.000Z" }, { "@type": "Article", "headline": "Snapchat's Evan Spiegel Is $1 Billion Poorer Than Before IPO", "articleSection": "Business", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2017/08/170810_evan-spiegel-2017.jpg", "width": 5616, "height": 3744, "caption": "170810_Evan Spiegel" } ], "author": [ { "@type": "Person", "name": "Rob Wile", "url": "https://money.com/author/rob-wile/", "@id": "https://money.com/author/rob-wile/#author", "sameAs": [ "https://x.com/rjwile" ] } ], "publisher": "https://money.com/#organization", "datePublished": "2017-08-10T14:53:33.000Z", "description": "Snapchat has lost 20% of its value since its IPO — and Evan Spiegel's net worth has suffered.", "abstract": "Snapchat has lost 20% of its value since its IPO — and Evan Spiegel's net worth has suffered.", "@id": "https://money.com/evan-spiegel-net-worth-snapchat-ipo/", "inLanguage": "en-US", "dateModified": "2017-08-10T14:53:33.000Z", "wordCount": 237, "keywords": [ "Billionaires", "Investing", "IPO", "snapchat", "stocks" ], "about": [ { "@type": "Thing", "name": "Business", "sameAs": [ "https://en.wikipedia.org/wiki/Business" ] }, { "@type": "Thing", "name": "Entrepreneurship", "sameAs": [ "https://en.wikipedia.org/wiki/Entrepreneurship" ] } ] } ] } ```