Snapchat founders join the tech billionaires club
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Snapchat co-founder Evan Spiegel, pictured here with his supermodel girlfriend Miranda Kerr, is now a multi-billionaire
The ultra exclusive club of tech billionaires has got two new members.
The founders of Snapchat, Evan Spiegel and Bobby Murphy, have both become multi-billionaires overnight.
It's after their company, Snap, which owns Snapchat, sold some shares as part of an Initial Public Offering, or IPO.
Each share was sold for $17 (£13.90) and, if you add them all up and work out how much it would cost to buy the entire company at that price, it means Snapchat's worth $24bn (£19.6bn).
So how much exactly are the pair worth and who are they now rubbing shoulders with in the tech billionaires' club?
Snapchat
Evan Spiegel, 26, and Bobby Murphy, 28, both own nearly one-fifth of Snap.
With the company valued at $24bn that makes their shares worth around $5bn (£4bn) each.
Snapchat founders Evan Spiegel and Bobby Murphy have both joined the tech billionaires club
The granddaddy of them all, Mark Zuckerberg, famously founded Facebook in 2004 when he was a student at Harvard.
His share of the company is worth around $45bn (£36bn). Not bad for a 32-year-old.
Kevin Systrom and Mike Krieger founded the picture sharing social network in 2010 and sold it to Facebook just two years later for around $1bn (£814m).
Seven years on and it's now got more than 600 million users, external - so did they sell too early?
Instagram co-founder Kevin Systrom became a multi-millionaire when he sold the photo sharing website to Facebook
Another hugely successful start-up that got bought out by Facebook.
Jan Koum and Brian Acton co-founded the messaging service in 2009 but held off from selling it for longer than Instagram.
The gamble paid off.
Facebook bought it in 2014 for $19bn (£15.5bn). Although they're pretty old compared to others in this list at 41 and 45. Still not doing too badly though!
Buying Jan Koum's WhatsApp was the most expensive deal Facebook's done
Bebo
Remember this one?
One of the earliest social networks, Michael and Xochi Birch built Bebo up in the early 2000s and sold it to media company AOL for $850m (£692m) in 2008.
Users numbers fell through the floor though and AOL sold it on in 2010 for just $10m (£8.1m).
The founders eventually bought it back at auction for just $1m (£810,000).
Bebo's founders made hundreds of millions when they sold it, but the company didn't do so well
MySpace
Another oldie but a goldie. Or at least it was when founders Chris DeWolfe and Tom Anderson sold it in 2005 just two years after launching it.
They did a deal with Rupert Murdoch's media giant News Corp for $580m (£472m).
Perfect timing as it turned out, because the social network suffered a sharp drop in numbers and was sold six years later for a rumoured $35m (£28.5m).
The next tech billionaires?
AirBnB co-founders Nathan Blecharczyk, Joe Gebbia and Brian Chesky could be the next people to join the tech billionaires' club.
With more than three million listings, the accommodation website appears to be going from strength to strength.
AirBnB was founded by (L-R) Nathan Blecharczyk, Joe Gebbia and Brian Chesky
Uber might find it a bit harder to capitalise on the hype surrounding its possible share sell off.
Founder Travis Kalanick has recently apologised after being criticised for getting into a row with one of his own company's drivers.
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