39. Bobby Murphy – Los Angeles Business Journal

Murphy, the chief technology officer at Snap Inc., co-founded the social media platform in 2011 with Evan Spiegel when the pair were students at Stanford University. Snapchat, the vertical-video and photo disappearing platform, differed significantly from other mainstream social media companies that were on the market at the time. At 37, Murphy owns around 50% of all voting shares in Snap. (He and Spiegel share 99% of the company’s shares.) When Murphy became a billionaire overnight as the result of Snap’s 2017 IPO, he used the money to purchase a spate of real estate properties in the Los Angeles Area. Real estate: One of them is a duplex on the Manhattan Beach Strand, which he bought for $14.5 million. It was another notch in the belt for the tech company billionaire, who has a recorded history of owning six other multimillion-dollar homes. In 2019, he owned $37 million in property, including a home he had bought that year for $6 million. Platform expansion: Murphy has maintained a low profile in the 14 years since Snapchat was created, but the company’s tech platform has been expanding. Snapchat’s 930 million users have generated over one trillion selfies on the app using the
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