Net Worth: $2.4 billion

LAST YEAR: $2.4 billion
CHANGE: 0%
AGE: 75
RESIDENCE: Pacific Palisades
SOURCE OF WEALTH: Social media

Murphy is the chief technology officer at Snap Inc., a company he cofounded in 2011 while he was a student at Stanford with Snap Chief Executive Evan Spiegel. For the second year in a row, Murphy’s net worth did not change significantly. Perhaps that’s not a bad thing – when Snap went public in 2017, its stock price peaked and valleyed, and after two years of double-digit stock prices, Snap nosedived again in 2022, dramatically reducing Murphy’s net worth. In 2021, Murphy’s net worth was roughly $7.9 billion. The following year, it tumbled by a whopping 70% as Snap’s valuation faced the reality of the stock market. Snap’s stock price has been steadily meandering since 2023.

Education: Murphy graduated from Stanford University and received his B.S. in mathematical and computational science.

Compensation: Murphy’s base salary at Snap is $1, and he’s not compensated for his seat on the board of directors. However, Murphy walked away with $801,334 in 2023 from the company.

Real Estate: Murphy owns a slew of real estate properties in the Los Angeles area. In 2019, he bought his sixth multimillion dollar home for $6 million. In 2021, he spent $14.5 million on a duplex on the Manhattan Beach Strand.