🇮🇳 India Top Stories🌐 Global
Snap Founder and Wife Donate $550 Million to Erase Medical Debt for 261,000 Californians
Times of India·Monday, 27 July 2026
Snap co-founder Evan Spiegel and his wife Miranda Kerr have donated $550 million to wipe out medical debt for over 261,000 Californians facing financial hardship. The funds will be channelled through an organisation called Undue Medical Debt. The donation follows a model developed by MacKenzie Scott, who has given billions to nonprofits.
Why It Matters
This is one of the largest single philanthropic acts targeting medical debt in the US, setting a new benchmark for how tech billionaires can use their wealth for social good.
🔒 Potential Impact + source link
Subscribe to unlock the impact analysis and original source for every story.
More from India Top Stories
- Anti-Paper Leak Bill Introduced in Parliament: Investigations Must Finish in 2 Months
- Supreme Court: Police Cannot Lathicharge Protesters Just Because There's an Agitation
- Bihar Cop Fired AK-47 at Protesting Students — Now Suspended, 200 Detained
- India's $25.6 Billion EV Push: Building Core Technology at Home, Not Copying Imports