Snapchat CEO Evan Spiegel & Wife Miranda Kerr Clear $550 Million in Medical Debt for 260K People
The nonprofit will send notice letters in mid-July after buying qualifying debt in bulk from providers and collection agencies.
- On Thursday, June 25, 2026, Snap Chief Executive Evan Spiegel and Miranda Kerr announced a partnership with nonprofit Undue Medical Debt, erasing over $550 million in medical debt for over 261,000 Californians.
- Spiegel and Kerr stated that families should focus on healing rather than lingering bills, as medical debt has become the leading cause of bankruptcy for one in four Americans.
- Undue Medical Debt acquires bundled debt for pennies on the dollar from hospitals and collection agencies; beneficiaries will receive notification letters starting in mid-July.
- Relief is concentrated in the state's hardest-pressed areas, with San Diego County residents receiving roughly $99 million in debt relief and Los Angeles County residents seeing $26.7 million cleared.
- This donation contributes to Undue Medical Debt's total of over $40 billion in debt erased since 2014, while Spiegel, whose net worth is roughly $2.1 billion, has funded past relief efforts.
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Snap's Evan Spiegel joins MacKenzie Scott in the billionaire race to erase medical debt — wiping out $550 million for 260,000 Californians
The Snap co-founder's donation to Undue Medical Debt is the latest sign that high-leverage debt relief philanthropy is becoming a defining cause.
Miranda Kerr and Evan Spiegel Help Relieve $550 Million in Medical Debt From Californians
Miranda Kerr and her husband, Evan Spiegel, paid it forward to help relieve thousands of people in California struggling with medical debt. “Hey everybody, Evan and Miranda here,” Spiegel, 35, said in a video shared via Instagram on Friday, June 26. “And today we are so excited because we’re announcing a partnership with Undue Medical Debt to relieve over half a billion dollars of unpaid medical debt for more than 250,000 Californians.” K…
Snap CEO Evan Spiegel and Miranda Kerr Erase $550M of Medical Debt for 261,000 Californians
Snap chief executive Evan Spiegel and his wife, the Australian model Miranda Kerr, have funded the erasure of more than $550 million (£417 million) in medical debt for over 261,000 people across California. The nonprofit Undue Medical Debt announced the gift on Thursday, 25 June. The couple did not disclose how much they gave. The charity does not need a sum that matches the debt it clears, because it buys overdue bills in bulk from hospitals, p…
What is Miranda Kerr's net worth? Donation from model and husband, Snapchat CEO Evan Spiegel, helped erase $550M medical debt for California residents
Former Victoria's Secret model Miranda Kerr and her husband, Snapchat CEO Evan Spiegel, have helped erase $550 million in medical debt for California residents by making an undisclosed donation to the
Life-changing donation: Snapchat CEO Evan Spiegel and his wife, Miranda Kerr, help erase $550 million in medical debt for more than 261,000 California residents
US News: Snapchat CEO Evan Spiegel and his wife, model and entrepreneur Miranda Kerr, have backed one of California's biggest medical debt relief efforts. Thei.
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