Snap CEO, supermodel wife pay off medical debt of others

Snap Chief Executive Evan Spiegel and his wife, supermodel Miranda Kerr, have helped pay off $550 million in medical debt for more than 261,000 Californians.

- By QUEENIE WONG

The couple made a multi-million-dollar donation to Undue Medical Debt, a non-profit that provides debt relief to people in financial need. The organization acquires medical debt in bulk from hospitals, physician groups, collection agencies and other groups for a fraction of the cost.

“When someone you love is sick, all you want to do is focus on helping them get better,” said Kerr, who is also the founder of skincare company KORA Organics, in a video with Spiegel. “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.”

The couple and the non-profit didn’t disclose the exact amount of the donation, but a small gift can go a long way. Every $10 donated to Undue Medical Debt relieves an average of $1,000 in medical debt.