Snap Net Worth (Updated 2026).

Snap, the popular multimedia messaging app, was founded in 2011 by Evan Spiegel, Bobby Murphy, and Reggie Brown while they were students at Stanford University. The trio initially called their creation “Picaboo,” a photo-sharing app that allowed users to send pictures that would disappear after being viewed. However, after facing legal issues with the name and the departure of Reggie Brown, Spiegel and Murphy rebranded the app as Snapchat, focusing on the ephemeral nature of its messages.

Snapchat gained traction among college students and teenagers, who appreciated the app’s unique feature of self-destructing messages. This appeal led to its rapid growth, with user numbers increasing exponentially. In 2013, Snapchat was valued at $2 billion, and by 2016, it had reached 100 million monthly active users. The app’s popularity also attracted high-profile investors, including Alibaba Group and Tencent Holdings, further boosting its fame.

Snap’s Current Net Worth (2025)

As of 2025, Snap Inc.’s current net worth is approximately $50 billion. This valuation reflects the company’s growth and success in the social media and tech industry.

Career

Snap Inc., founded by Evan Spiegel and Bobby Murphy in 2011, is the company behind the popular social media platform Snapchat. Spiegel and Murphy first met at Stanford University, where they developed the idea for Snapchat. The app gained traction among teenagers and young adults, leading to its acquisition by Facebook in 2013. However, Spiegel and Murphy declined the offer and continued to grow Snapchat independently. In 2017, Snap Inc. went public with an initial public offering (IPO) of $17 per share.

Other Ventures

In addition to Snapchat, Snap Inc. has ventured into hardware and augmented reality (AR) technologies. The company has released several AR-enabled devices, such as Spectacles, smart glasses that can record videos and photos. Snap has also invested in AR filters and lenses, which have become popular features on Snapchat. Moreover, Snap has expanded its advertising platform, offering businesses innovative ways to reach consumers through AR experiences.

Assets

Snap Inc.’s primary asset is its user base, which consists of over 500 million monthly active users as of 2021. The company’s other significant assets include its intellectual property, such as patents and trademarks related to its camera and AR technologies. Additionally, Snap’s cash and cash equivalents, marketable securities, and property, plant, and equipment are notable assets on its balance sheet.

Annual Income

Snap Inc.’s annual revenue has been steadily increasing since its IPO in 2017. In 2020, Snap’s total revenue reached $2.54 billion, with the majority coming from advertising. The company’s growth has been driven by its user base and the increasing demand for AR experiences in advertising. Snap’s annual income is expected to continue growing as the company expands its user base and offers new advertising solutions.

Frequently Asked Questions about  Snap

Frequently Asked Questions: Snap Net Worth

1. What is Snap’s net worth?

Snap’s net worth is estimated to be around $60 billion.

2. How does Snap make money?

Snap generates revenue primarily through advertising on its social media platform, Snapchat. It offers various ad formats, including Snap Ads, Sponsored Lenses, and Commercials.

3. Who are the founders of Snap?

Snap was founded by Evan Spiegel, Bobby Murphy, and Reggie Brown in 2011. Spiegel and Murphy are the current CEO and CTO, respectively, while Brown left the company in 2015.

4. When was Snap’s IPO?

Snap went public on March 2, 2017, with its initial public offering (IPO) on the New York Stock Exchange under the ticker symbol SNAP.

5. How many users does Snapchat have?

As of 2021, Snapchat has over 538 million monthly active users worldwide.

6. What is Snap’s headquarters location?

Snap’s headquarters is located in Santa Monica, California, United States.

7. What are some of Snap’s acquisitions?

Snap has acquired several companies, including Bitmoji, Zenly, and Giphy. It also acquired a majority stake in the social mapping app, Mapbox.

8. What is Snap’s stock symbol?

Snap’s stock symbol on the New York Stock Exchange is SNAP.

9. What is Snap’s market capitalization?

Snap’s market capitalization is around $80 billion as of 2021.

10. What are some of Snap’s competitors?

Snap’s main competitors include Facebook (now Meta), Instagram, TikTok, and Twitter. These platforms also offer social media and messaging services, as well as advertising opportunities.