Media tycoon Sumner Redstone turned his ownership of theaters into an empire that controls MTV, Nickelodeon, and the movie studio that put out last year’s Arrival, Fences, and Zoolander 2. And he’s worth nearly $2.5 billion less than Evan Spiegel, the 26-year-old who founded Snapchat six years ago, when Redstone was 87.
On Thursday, investors bid up shares of Snapchat’s owner Snap Inc. from its IPO price of $17, to nearly $25. That gives Snap Inc a market value of $33 billion. All for a company that lost $515 million last year, leading some to suggest that Snap buyers should take the rose-colored filter off their investments. (Signs of a bubble? This Uber driver bought a single Snap share for $25. He’s already nearly $2 richer!)
Shares of Snap rose to just under $27 on Friday.
Snap Inc.’s booming IPO made a number of people quite a bit wealthier, including a number of venture capitalists and at least one high school. Perhaps the best measure of how well the IPO did, and perhaps a commentary on how exuberant investors are for the company, is just how much it boosted Spiegel’s net worth. Here’s 5 really, really wealthy people who are now poorer than Snapchat’s co-founder. (The net worth figures besides Spiegel’s are from Bloomberg, unless otherwise noted.)
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Evan Spiegel
Net Worth: $6.0 billion
Above: SAN FRANCISCO, CA – OCTOBER 08: Bloomberg LP Founder Michael Bloomberg and Snapchat CEO Evan Spiegel speak onstage during “Disrupting Information and Communication” at the Vanity Fair New Establishment Summit at Yerba Buena Center for the Arts on October 8, 2014 in San Francisco, California.
Spiegel cashed in $272 million worth of stock in Snap’s IPO. Most of his net worth is tied up in the photo sharing company. At $27, that stake is worth nearly $5.7 billion.
Ralph Lauren
Net Worth: $5.4 billion
Above: Ralph Lauren greets the crowd after presenting his Spring/Summer 2016 collection during New York Fashion Week in September.
The fashion designer has spent decades building an iconic brand that will likely outlive him. He’s got a very nice house, and he’s worth $600 million less than Spiegel.
Richard Branson
Net Worth: $5.1 billion
Above: Sir Richard Branson conducts a television interview at Perth Airport on May 7, 2013 in Perth, Australia. Virgin Australia purchased Perth-based regional airline, Skywest adding another 32 planes to it’s fleet to expand the airlines regional operations in Australia.
Branson is buds with Obama, and working on getting people into space. He’s worth $900 million less than Spiegel.
Donald Trump
Net Worth: $3.9 billion
Above: President Trump.
Trump says he’s worth “over $10 billion,” but the last time Fortune computed the figure we came up with a number that is now $2.1 billion less than what Spiegel is worth.
Oprah Winfrey
Net Worth: $3.0 billion
Above: Oprah Winfrey on stage during her An Evening With Oprah tour on December 2, 2015 in Melbourne, Australia.
Oprah, who is rich enough to give away garages full of cars, had a good day in the market on Thursday as well. Shares of Weight Watchers, which Oprah now owns 10 percent of, rose 36 percent on Thursday. Oprah’s stake in the company, which she paid roughly $40 million for, is now worth nearly $115 million. That’s not enough to keep up with Snapchat’s co-founder, though. The queen of media is worth $3 billion less than Spiegel.
Tim Cook
Net worth: $785 million
Above: Apple CEO Timothy Cook testifies before the Senate Homeland Security and Governmental Affairs Committee’s Investigations Subcommittee about the company’s offshore profit shifting and tax avoidance in the Dirksen Senate Office Building on Capitol Hill May 21, 2013 in Washington, DC. A Congressional report released Monday said that Apple, America’s most profitable technology company, used a complex system of international subsidiaries and tax avoidance efforts to shift at least $74 billion from the reach of the Internal Revenue Service between 2009 and 2012.
Cook is the CEO of Apple, which is the most valuable company in the world, worth nearly $700 billion more than Snapchat’s owner. It is also the maker of the devices on which most Snapchat user take their pictures. Cook, however, is worth over $5.2 billion less than Spiegel.
This story originally appeared on Fortune.com. Copyright 2017
