Perth-Jeremy Liew invested in Snapchat and made $2 billion

An Australian businessman who was the first to invest in Snapchat has been rewarded for his bold gamble to the tune of $2 billion.

Perth-raised Jeremy Liew stumped up $641,000 in 2012 from his Lightspeed Venture Partners company to help get Snapchat off the ground, the Australian Financial Review reported.

Now that Snap Inc. – the parent company of the photo sharing app – has completed its initial public offering on the New York Stock Exchange, Mr Liew’s company is currently sitting on a $2 billion profit from the investment.

Source: Jeremy Liew invested in Snapchat and made $2 billion | Daily Mail Online