# Snap co-founder Evan Spiegel wipes out $550 million medical debt in California

2026-08-08T16:45:13+00:00 | World & Diplomacy | Indian Opinion Desk

Corroboration: 1 independent outlet

Snap co-founder Evan Spiegel and his wife Miranda Kerr have donated to Undue Medical Debt, a nonprofit, to erase $550 million (about Rs 4,600 crore) in medical bills for over 261,000 California residents. The donation buys unpaid debt portfolios from hospitals at discounted rates and cancels them outright, rather than collecting from patients. Eligible residents in Los Angeles and San Diego counties began receiving letters in mid-July. The Economic Times reports that the couple's approach mirrors MacKenzie Scott's philanthropic style. Scott, ex-wife of Amazon founder Jeff Bezos, gave a combined $80 million to the same nonprofit between 2020 and 2022.

## Coverage

- economictimes.indiatimes.com <https://economictimes.indiatimes.com/news/international/global-trends/snap-co-founder-evan-spiegel-and-miranda-kerr-donate-millions-to-erase-550-million-in-medical-debt-for-261000-californians-following-jeff-bezos-ex-wife-mackenzie-scotts-model/articleshow/133054339.cms>

Tags: Evan Spiegel, medical debt, philanthropy, Undue Medical Debt, United States
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