Miranda Kerr’s fiancé is world’s youngest billionaire

Miranda Kerr’s husband-to-be, tech entrepreneur Evan Spiegel of the popular social media app Snapchat has been named as the youngest billionaire on Forbes 400 list.

At 26, the co-founder and CEO of Snap Inc. has a net worth amounting to US$2.1 billion (AU$2.8 billion). He is the youngest of the 14 billionaires under 40 years old who have joined the world’s top 400 billionaires, according to Forbes magazine.

A self-made billionaire, Spiegel’s wealth lies mainly on Snap Inc., the tech startup formerly called Snapchat which was reportedly valued at US$18 billion (AU$23.7 billion). Various outlets reported that Snap Inc. is eyeing an initial public offering next year. Such move can increase the company’s valuation to as much as US$25 billion (AU$32.9 billion).

Snapchat’s geo-filters, bitmoji and other visual features gained popularity among millenials and to its 150 million daily users across the globe. Snap Inc. recently unveiled its video-recording smart sunglasses called "Sparkles." (Read: Snapchat unveils Spectacles, but Miranda Kerr won’t model the video-sharing sunglasses)

Spiegel is engaged to marry the 33-year-old Aussie supermodel, who was previously married to actor Orlando Bloom. Spiegel proposed marriage on July 20, 2016 only a year since he started dating Kerr in June 2015. The pair first met in California in 2014. They now own a US$12 million (AU$15.8 million) mansion in the upscale Brentwood neighbourhood in Los Angeles.

On the other hand, Kerr dropped off from the Forbes Celebrity 100 list since 2014. The first Australian Victoria’s Secret Angel only made it to the ranks of the world’s highest paid celebrities in 2013, when she ranked 100th.

Tech billionaires

According to Forbes, Spiegel is one of the nine tech billionaires on the 14 Under 40 list. His co-founder at Snapchat, Bobby Murphy, is the second youngest at 28 with US$1.8 billion (AU$2.4 billion).

Nevertheless, the richest member of the troupe is the 32-year-old Facebook CEO Mark Zuckerberg, who has a fortune of US$55.5 billion (AU$73 billion).