MANILA, Philippines — Bobby Murphy, the Filipino-American co-founder of popular app Snapchat, entered this year's Forbes list of world billionaires.
The 26-year-old, Stanford-educated Murphy has a net worth of $1.5 billion, making him the second youngest dollar billionaire in the club, Forbes reported.
Along with his 24-year-old fraternity brother Evan Spiegel, Murphy released Snapchat under the name "Picaboo" in 2011 for iOS and Android as a project for one of their classes in the university.
The two turned down a $3-billion buyout offer from Facebook in 2013, and the app now has a value of $19 billion.
Forbes said Murphy has a stake of at least 15 percent in Snapchat.
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Murphy is a son of government employees, and his mother emigrated from the Philippines. He grew up in Berkeley, California.
Snapchat's first employee, David Kravitz, earlier told Forbes that Murphy is a gentle soul who is "almost like a monk."
"I don't think I've ever seen him upset," Kravitz said.
TIME Magazine named Murphy and Spiegel among the world's 100 most influential people in 2014. - Camille Diola