Forbes named 28 year-old Filipino-American and Snapchat founder as the second youngest billionaire in the world.
Bobby Murphy, Snap Inc.’s low-profile CTO, only rank behind his 26-year-old Snapchat co-founder Evan Spiegel as youngest billionaire.
The Filipino-American tech magnate landed #11 in Forbes’ America’s Richest Entrepreneurs Under 40.
As of press time, Murphy, among the world’s richest, Forbes real-time ranking owns the #444 spot, a huge jump from last year’s #1011.
Currently, Murphy’s estimated worth is $4 billion, along with his partner Spiegel, they are also expected to earn billions more with Snap Inc.’s upcoming IPO as the co-founders own the majority of shares in the company.
Although there is no word yet on the value of the IPO, Snap Inc.’s current private market valuation is around $20 billion.
The Murphy-Spiegel tandem together with their small team of data scientists has made an algorithm that is turning a giant 19 billion dollar industry up-side-down.
Murphy’s mother, who grew up in the Philippines, emigrated to the U.S. in the early 1980s where she eventually met her American husband.
Grew up in Berkeley, California. Murphy earned his degree as a mathematical and computational science major from Stanford University in 2010.
According to report, Murphy and Spiegel met in Stanford University, who the latter was then in a product-design program. Eventually, they became close friends and frat brothers in the Kappa Sigma fraternity.
Future Freshmen, startup where they first worked together but later failed.
The startup was an online tool that aimed to assist high school kids when applying to college.
While 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 two co-founded Snapchat in 2011, Murphy took the task of leading Snap’s engineering, product, and research teams.
“Weren’t cool (in college), so we tried to build things to be cool,” Murphy told Forbes in 2014.
Speaking Google Cloud Platform Live session in 2014, Murphy described their vision for Snapchat and even shared the significance of the platform.
“Evan and I got started Snapchat in the summer of 2011, basically understood that visual content that was the most engaging, interesting form of content there was. We wanted to create a way that would enable that to be a means of communication, rather than a piece of content around which communication actually happens,” Murphy narrated.