Evan Spiegel, the billionaire creator of Snapchat, is likely to be crowned the highest-paid US chief executive of 2017, after his total remuneration hit $638m.
When the photo-messaging app’s parent company Snap went public last March, Mr Spiegel received a huge one-time stock award, valued at $637m at the end of last year, according to a regulatory filing published on Thursday.
As well as the stock award, Mr Spiegel received more than $1m in additional compensation related to medical and life insurance premiums, legal fees and more than $500,000 in personal security costs.
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