In this post, we’ll talk about Bobby Murphy’s age, his relationships, his family, and how much money he has. Keep reading until you get to the end for more information. As per Celebritynetworth, Bobby Murphy is an American entrepreneur and businessman whose net worth is $1.5 billion.
Who is Bobby Murphy?
Robert Cornelius Murphy is a software engineer and Internet business owner who was born in the Philippines. He started Snap Inc. (then called Snapchat Inc.) with Evan Spiegel and Reggie Brown while they were all students at Stanford University. He is also the Chief Technology Officer (CTO) of Snap Inc.
|Birth||July 19, 1988|
|Net Worth||$1.5 million|
Early Life of Bobby Murphy
On July 19, 1988, Bobby Murphy was born. His mother left the Philippines and moved to the U.S. Both of his parents worked for the state of California when he was a child.
Bobby Murphy’s Career
Spiegel hired Murphy after they had worked together on a failed startup called Future Freshman, which was a website where high school students could get advice about applying to college.
In 2011, Murphy started an app called Picaboo that lets people send messages with pictures that disappear after a while. After a while, the name was changed to Snapchat. After getting his degree from Stanford, Murphy worked at Revel Systems for a year as a software engineer.
He used half of his pay to pay for Snapchat’s server bills until the company could get money from venture capitalists. Murphy has been in charge of both the engineering and research teams at Snapchat.
Murphy has also worked with the Snap Labs team, which in 2018 made the Spectacles camera glasses. When Snapchat went public in 2017, Murphy and Spiegel owned more than 45% of the company’s shares.
They also had the right to vote more than 70% of the time. In February 2017, Murphy and Spiegel promised to give up to 13,000,000 shares of Class A common stock to the Snap Foundation, which they had just started. The Snap Foundation will help nonprofits in the arts, education, and youth over the next 15–20 years.
Evan Spiegel and Bobby met when they were both students at Stanford University. Evan was one of the people who helped Bobby start Snapchat. They were brothers in the Kappa Sigma group at the school. Reggie Brown was the name of the third person who helped start the company.
In the summer of 2011, the three of them worked together to make Picaboo, which was a predecessor to Snapchat. Reggie Brown left the company around this time.
He later sued his co-founders and Snapchat, saying that he was the one who came up with the idea for the company and app. In the end, Snapchat paid Reggie a settlement of $158 million in September 2014. In 2013, Evan and Bobby turned down a $3 billion offer from Mark Zuckerberg to buy their company.
Instead, the business decided to try to get an IPO. Snap Inc.’s first day on the New York Stock Exchange was March 2, 2017. The company was supposed to go public at $17 per share, but it opened at $24 and had a $20 billion market cap by the end of the day.
On the day of the IPO, Spiegel and Murphy each sold 16 million shares, which gave them a windfall of about $272 million before taxes (or about $180 million after taxes). Murphy is Snapchat’s Chief Technology Officer (CTO). He is in charge of the company’s engineering and product development.
What is Bobby Murphy’s Net Worth?
Bobby Murphy is an American entrepreneur and businessman who is worth $1.5 billion. Bobby Murphy is best known as one of the people who started Snapchat with Evan Spiegel. Bobby’s share of Snapchat is 14%.
When Snap’s stock price was at its highest, Bobby was worth as much as $10 billion. In the 10 months between mid-September 2021 and late July 2022, Bobby’s net worth dropped from $10 billion to around $1.5 billion as the price of Snap shares fell from $83 to around $10.
Bobby Murphy’s Education
Murphy got his Bachelor of Science in mathematical and computational science from Stanford University in Stanford, California, in 2010.
He was also in the Kappa Sigma fraternity, which Evan Spiegel and Reggie Brown were also in.
Bobby Murphy’s Personal Life
Murphy was born and grew up in California. Forbes Magazine said that he was the 1,250th richest person in the world in 2015. In 2015, Murphy was the 15th richest entrepreneur in the U.S. who was under 40 years old.
He was #374 on the Forbes 400 list as of 2016. In 2018, Murphy paid $19.5 million for the Pacific Palisades home that “Green Acres” actor Eddie Albert used to own. In 2021, he paid $14.5 million for a house on the Manhattan Beach Strand.
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