Tech

24-Year-Old Snapchat CEO Evan Spiegel Just Bought His First House For $3.3 Million

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Snapchat cofounder and CEO Evan Spiegel has finally moved out of his parents' house, according to Variety.

The 24-year-old has purchased his first home, a three-bedroom, Spanish-style house in the Brentwood section of Los Angeles. He reportedly paid $3.3 million for it. 

Spiegel has lived in his father's Pacific Palisades home for years, despite being the head of an app that's been valued at $10 billion. He had previously joked that he would live there until his dad kicked him out.

Spiegel's new house isn't exactly a mansion, but it was remodeled in 2012, and it has the added bonus of being located less than four miles away from his dad's house. It's got three bedrooms, including one with a terrace, and over 2,800 square feet of space. There's also a sizeable back yard with an outdoor fireplace.

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Madeline was a correspondent covering e-commerce companies including Shopify, Amazon, Temu, and Shein. She also wrote about e-commerce startups and online seller communities. She previously edited stories for the retail section. Before that, she wrote for the executive lifestyle and tech verticals, where she reported on luxury real estate, restaurants, and travel. She graduated from the University of Notre Dame with majors in American Studies and Spanish. She is based in the Northeast.Have a tip? Contact Madeline via Signal at mlstone.04. Use a personal email address and a nonwork device; here's our guide to sharing information securely.Read some of her work here:— Wealth Assistants claimed it would help its clients make money on Amazon. Clients said they 'lost everything' instead.— The DTC fraternity: In an industry known for lively events and strong online communities, women say they feel left outBlackface, booze, and blurred lines at the $2 billion tech firm Rokt— Meet 38 members of the 'Shopify Mafia' who embraced the e-commerce giant's entrepreneurial spirit and launched their own companies— Read the essay Shopify's CEO sent to managers to remind them they are a sports team, not a family. It shows the growing tension between leaders and employees in the corporate world.— Ex-Shopify and Deliverr workers say layoffs, compensation issues at Flexport capped a 15-month rollercoaster: 'Honestly a bit relieved that it's over'