Fil-Am tech co-founder is world’s newest billionaire according to Forbes

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Fil-Am Tech Co-Founder is World’s Newest Billionaire According to Forbes – www.philippineslifestyle.com

Bobby Murphy entered this year’s Forbes list of world billionaires. Murphy is the Filipino-American co-founder of popular app Snapchat and is said to hold a 15 per cent stake in the company.

The Stanford-educated Murphy has a net worth of at least $1.5 billion dollars – making him the second youngest billionaire in the Forbes list.

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24-year-old Murphy and his fraternity brother Even Spiegel released Snapchat under its original name “Picaboo” in a 2011 for iOS and Android – it originally was a project for one of their classes at Stanford.

The two tech pioneers turned down a $3 billion dollar buyout off from Facebook in 2013 – the app is now said to have a value of at least $19 billion dollars.

 

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