Evan Spiegel's net worth has tanked by $2.5bn since Snap IPO
Snap CEO Evan Spiegel's net worth has plummeted from about $5.9 billion after the company's IPO in March to about $3.4 billion. Spiegel owns more than 90 million shares of Snap, which was trading at an all-time low this week. Snap, the parent company of photo sharing app Snapchat, has lost $10 billion in valuation since its IPO.