Eduardo Saverin

Eduardo Saverin (full name Eduardo Luiz Saverin) is a Brazil-born, Miami-bred billionaire. He is an internet entrepreneur and one of the four people who founded Facebook. Along with Mark Zuckerberg, Chris Hughes, Andrew McCollum and Dustin Moskovitz, Saverin invented what’s known today as one of the most popular social networking site the world have ever known. He owns not more than 5% of Facebook’s shares, and his net worth is estimated to be about $2.2 billion as of September 2013.

Quick Facts

Net Worth: $2.2 billion (as of September 2013)

Source: Facebook

Born: March 19, 1982 (Age 31)

Nationality: Singaporean (as of September 2011)

eduardo saverin

Background

Whenever the history of Facebook is narrated, one of the names that you will get to hear is Eduardo Saverin. This is the name of a man who worked closely with four others (who are also billionaires now), and invented the world’s most popular social networking site – Facebook.

eduardo saverin

Saverin was born on March 19, 1982 in Sao Paulo, Brazil to Roberto Saverin and Sandra Saverin. Rumor has it that his wealthy Jewish Brazilian family relocated to the United States and settled in Miami, Florida in 1993 after it was discovered that Eduardo Saverin was scheduled to be kidnapped by a gang that specialized in kidnapping for ransom. 

However, the rumor was refuted citing that the reason why the family relocated was because Brazil was facing a crisis at that time, making the situation very unconducive for the family to continue living there. 

eduardo saverin

Facebook

While growing up in Miami, Florida, Saverin attended Gulliver Preparatory School. He later joined Harvard University, where he was not only a member of the Phoenix S.K Club, but he was also the president of the Harvard Investment Association. At the time of his junior year at the University, Saverin met Mark Zuckerberg and three other students who saw the need to devise a social networking site for Harvard students. The five men worked together on the site and launched The Facebook in 2004. At the time, Saverin held the position of Business Manager and Chief Financial Officer. 

Later on, there was a lawsuit that was filed by Facebook against Saverin, and later on a countersuit that was filed by Eduardo Saverin against Facebook. The lawsuits were resolved out of court, although the terms of the settlement weren’t revealed. Saverin was affirmed as co-founder of Facebook, and after the settlement he signed a non-disclosure contract.

eduardo saverin

Criticism 

In 2009, Eduardo Saverin moved to Singapore and renounced his American Citizenship to the amazement of many, including his own father. This move was considered as Saverin’s strategy to evade paying taxes on the fortune he made from the Facebook floatation. In his defense, Saverin stated that he saw the move as an opportunity for him to engage in more sophisticated financial activities. He further stated that the move placed him at the nexus of other countries such as India, Indonesia and China, where social networking is still in its formative years. Saverin also stated that Singapore, being one of the most privacy-conscious cities in the world, allows him to pursue a lifestyle that’s beyond the constant scrutiny of the media. 

facebook founder

Personal Life

Saverin is neither married, nor engaged to any one yet. He lives in a multi-million dollar condo in Orchard Road, Singapore, a neighborhood that’s equivalent to Oxford Street, which is one the most expensive places in the world to live in. He keeps well connected to the world through his iPad, iPhone and his 3 Mac displays.

Interesting facts about Eduardo Saverin

  • He first made international headlines when he was just 13 years old. This is when he beat a chess grandmaster during a chess match in Orlando. Before delivering the checkmate, young Saverin turned to his mother and asked whether it was alright with her if he won. 
  • He has a tendency of declining invitations to the many gatherings that he’s invited to. According to John Fearon, who runs DropMySite, Saverin has been cordially invited to numerous gatherings but he has only attended a few of them. 
  • Despite being single, he is not only known to be fond of Asian girls, but he is also constantly found in the company of more than one girl. 


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References:

Forbes (The ultimate site for billionaire rankings)

CelebrityNetWorth (The ultimate site for net worth of celebrities)

TheRichest (Great site for things about money and rich people)

Wikipedia (Greatest site on earth for lots of information)