Spiegel's remuneration package is largely based on stock options and rewards, so his move may not have been quite as shrewd as he hoped given Snap's struggling share price, which has trended downwards since the IPO. That said, in 2017 Spiegel received $638 million (£496.7m), which is a higher payout than any other US CEO, a remarkable fact as Snap actually lost $720 million (£560.6m) that year. Forbes estimates his current net worth at $1.6 billion (£1.2bn).

Spiegel and wife Miranda Kerr are in our list of the world's power couples

CEOs of huge companies who receive tiny salaries (copy)