Miranda Kerr and Evan Spiegel couple, worth 840 billion KRW

$550 Million Medical Debt Relief Project Underway

Model Miranda Kerr and Snap CEO Evan Spiegel have donated a massive sum to address the medical debt of California residents. In collaboration with the nonprofit organization 'Undue Medical Debt,' they are pushing forward a project to forgive approximately $550 million (about 840 billion KRW) in medical debt.

Through this donation, approximately 261,000 households residing in California will be relieved of their medical debt burden. 'Undue Medical Debt' operates by using donations to purchase unpaid medical debt held by hospitals or collection agencies at a discount and then forgiving it. The organization stated that a $10 donation can typically resolve about $1,000 worth of medical debt.

"So Families Can Focus Solely on Treatment"... Sincere Motivation Behind the Donation

In an official social media video, Evan Spiegel expressed his joy, saying, "We are thrilled to enter into a donation partnership to forgive over $500 million in unpaid medical debt held by more than 250,000 California residents," adding that he hopes this support brings peace of mind to many families.

Miranda Kerr found the core motivation for this donation in the well-being of families. In the video, she stated, "When a loved one is ill, all we want is to help them get well," and added, "I wanted to alleviate medical debt so that families can focus on what matters most, such as caregiving and treatment, rather than suffering due to financial burdens."

Notification Letters to Beneficiaries Scheduled to be Sent from Mid-July

California residents benefiting from this medical debt relief will receive notification letters by mail starting in mid-July, informing them that their debt has been fully forgiven. The purpose of this project is to help families experiencing long-term economic hardship due to unexpected medical expenses regain their independence.

A Legacy of Good Deeds, from Student Loan Repayment to Wildfire Recovery

This is not the first time the couple has engaged in social contribution. In 2022, they fully repaid $10 million (about 15.3 billion KRW) in student loans for all graduates of Otis College of Art and Design in Los Angeles. Furthermore, they continue to practice social responsibility, such as donating millions of dollars for wildfire recovery in Los Angeles in 2025.