Miranda Kerr and billionaire husband Evan Spiegel make $550 million donation to help 260,000 families


Evan Spiegel's net worth is approximately $2.1 billion after he became the world's youngest billionaire at the age of 24


Evan Spiegel and Miranda Kerr attend the 2027 Dior Cruise Show at Los Angeles County Museum of Art on May 13, 2026 in Los Angeles, California. (Photo by Monica Schipper/WireImage)© WireImage
Rebecca Lewis
Rebecca LewisLos Angeles correspondent
2 minutes ago
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Victoria's Secret model Miranda Kerr and her husband Evan Spiegel, the CEO of Snapchat, have donated an incredible $550 million to help pay off medical debt for families in California.

Miranda, 43, and 36-year-old Evan, whose net worth is approximately $2.1 billion after he became the world's youngest billionaire at the age of 24, revealed their donation to Undue Medical Debt via video to confirm that the donation was "real".

It will help over 260,000 people who have been burdened with medical debt. Watch the video below:

Miranda Kerr and billionaire husband confirm donation

Miranda and Evan donate $550 million

"Hey everybody, Evan and Miranda here," Evan began, "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."

"When someone you love is sick, all you want to do is focus on helping them get better," added Miranda. "That's why we wanted to support this effort and help relieve medical debt, so families can focus on caring for their loved ones and really supporting their healing."

Miranda added that they wanted to send anyone who would be impacted by their donation "so much love," as they praised the "incredible work" of the organization, with Evan adding that he hoped their donation gave the recipients "a little peace of mind and allows you to focus on what matters the most."

Evan Spiegel and Miranda Kerr
 
Evan Spiegel and Miranda Kerr
 

The donation was made in the spring, and Undue Medical Debt has confirmed that qualifying families will start to receive letters in the coming months.

HELLO! has contacted Miranda and Evan, and Undue Medical Debt, for more information.

What is medical debt?

Medical debt is any personal debt incurred from unpaid medical or dental bills. Unlike typical loans or credit cards, it is rarely planned and usually arises from unexpected emergencies, acute illnesses, or costs not fully covered by health insurance.

Medical debt is the leading cause of bankruptcy in the US, according to the national non-profit. It leads domestic concerns in 2026, above the economy, and people with medical debt are three times more likely to struggle with issues like depression and anxiety.

Evan Spiegel and Miranda Kerr attend the 2025 Vanity Fair Oscar Party Hosted By Radhika Jones at Wallis Annenberg Center for the Performing Arts on March 02, 2025 in Beverly Hills, California© Getty
Evan and Miranda attend the 2025 Vanity Fair Oscar Party

Official statement

"When someone is sick or recovering, the focus should be on healing and caring for the people you love, not on bills that can follow a family for years," said Evan and Miranda in a statement. 

"At a time when so many Californians are already struggling with rising costs, medical debt can make it even harder for families to regain their footing. We’re grateful to support Undue Medical Debt’s work to help lift that burden, and we hope this relief gives families more peace of mind and more room to prioritize their health, their loved ones, and their future."

Evan Spiegel and Miranda Kerr attend the 2026 MeGala celebrating "Costume Art" at the Metropolitan Museum of Art on May 04, 2026 in New York City. © Getty Images for The Met Museum/
Evan's net worth is $2.1 billion

Undue Medical Debt president and CEO Allison Sesso added: "The scale of this gift to Californians is truly astonishing, unburdening over a quarter million families of over half a billion dollars of unpayable medical debt.

"In the U.S. 1 in 4 adults are in medical debt; it’s a growing crisis undermining healthcare access, economic wellbeing and mental health and we’re so grateful that Evan Spiegel and Miranda Kerr share our belief that no one should go bankrupt because of a cancer diagnosis and no family should have to choose between insulin and groceries."

Evan Spiegel and Miranda Kerr attend Day Fifteen of the 2026 French Open on June 07, 2026 in Paris, France. (Photo by Pierre Suu/WireImage)© WireImage
Miranda and Evan have three sons

Miranda and Evan's romance

Miranda started dating Evan in June 2014, after meeting at a work dinner for Louis Vuitton, and the couple announced their engagement in 2016 – on Snapchat.

They married in May 2017 and they have three sons, eight-year-old Hart, six-year-old Myles, and Pierre, two.

Miranda is also mom to 15-year-old son Flynn with her former partner, Orlando Bloom.

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