Fil-Am behind Snapchat among Forbes' 400 richest billionaires

ABS-CBN News

Posted at Sep 30 2015 06:14 PM | Updated as of Oct 01 2015 08:11 PM

Photo shows Snapchat founders Evan Spiegel (left) and Bobby Murphy at the Time 100 gala in New York, April 29, 2014. Photo by Lucas Jackson, Reuters

MANILA - The Filipino-American co-founder of Snapchat has made it to the 2015 Forbes 400, which lists the 400 wealthiest billionaires in the US.

Bobby Murphy, who co-founded mobile messaging app SnapChat with fellow billionaire Evan Spiegel, ranked 375th in the list with a net worth of $1.8 billion.

At 27 years old, Murphy is the second youngest billionaire after his partner Spiegel, who is only 25 years old.

Murphy grew up in Berkeley, California and is a graduate of Stanford University. His mother emigrated from the Philippines.

Snapchat was initially released in 2011 and now has a value of $16 billion.

Microsoft co-founder Bill Gates is still the richest American with a net worth of $76 billion.

Berkshire Hathaway chief executive Warren Buffett ($62 billion) and Oracle chairman Larry Ellison ($47.5 billion) is the second and third richest, respectively, according to Forbes.

Forbes said the 2015 edition of the list was harder than ever to join.

"The price of entry this year was $1.7 billion, the highest it’s been in the 34 years that Forbes has tracked American wealth. Last year it took $1.55 billion to make the cut. Because the bar is so high, 145 US billionaires missed the list," Forbes said.