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Eduardo Saverin

Eduardo Saverin

Eduardo Luiz Saverin (/ˈsævərɪn/; Portuguese: [eduˈaɾdu luˈis ˈsaveɾĩ]; born March 19, 1982)[4] is a Brazilian entrepreneur and angel investor.[5] Saverin is one of the co-founders of Facebook.[6] In 2012, he owned 53 million Facebook shares[7] (approximately 2% of all outstanding shares), valued at approximately $2 billion at the time.[8][9] He also invested in early-stage startups such as Qwiki[10] and Jumio.[11]

Saverin renounced his U.S. citizenship in September 2011,[12][13] and therefore avoided an estimated $700 million in capital gains taxes; this generated some media attention and controversy.[5][14][15] Saverin stated that he renounced his citizenship because of his "interest in working and living in Singapore" where he has been since 2009,[16] and denied that he left the U.S. to avoid paying taxes.[12]

Eduardo Saverin
Eduardo Luiz Saverin

(1982-03-19)19 March 1982
São Paulo, Brazil
Alma materHarvard University(BA)
Known forCo-founder of Facebook
Net worthUS$10.1 billion[3] (June 2019)
Spouse(s)Elaine Andriejanssen (m. 2015)
Websitewww.facebook.com/saverin [41]

Early life and education

Eduardo Luiz Saverin was born in the city of São Paulo, to a wealthy Jewish Brazilian family,[6][17][18] and his family later moved to Rio de Janeiro. Saverin's father, Roberto Saverin,[19] was a businessman working in clothing, shipping, and real estate.[20] His mother, Sandra, was a psychologist. He has two siblings.[21] His Romanian-born grandfather, Eugenio Saverin (born Eugen Saverin), is the founder of Tip Top, a chain of children's clothing shops.[21] In 1993, the family migrated to the U.S., settling in Miami.[22]

Saverin attended Gulliver Preparatory School in Miami. He then attended Harvard University, where he was a resident of Eliot House, a member of the Phoenix S.K. Club, and president of the Harvard Investment Association. While an undergraduate at Harvard, Saverin took advantage of Brazil's lax insider trading regulations and made $300,000 via strategic investments in the oil industry.[20][23][24] In 2006, Saverin graduated magna cum laude from Harvard University with a bachelor's degree in economics.[25] He is a member of the Alpha Epsilon Pi fraternity (Eta Psi chapter of Harvard University).[26]


During his junior year at Harvard, Saverin met fellow Harvard undergraduate, sophomore Mark Zuckerberg. Noting the lack of a dedicated social networking website for Harvard students, the two worked together to launch The Facebook in 2004. They each agreed to invest $1,000 in the site. Later, Zuckerberg and Saverin each agreed to invest another $18,000 in the operation.[27] As co-founder, Saverin held the role of chief financial officer and business manager.[6] On May 15, 2012, Business Insider obtained and released an exclusive email from Zuckerberg detailing how he cut Saverin from Facebook and diluted his stake.[28] Facebook filed a lawsuit against Saverin, arguing that the stock-purchase agreements Saverin signed in October 2005 was invalid. Saverin then filed a suit against Zuckerberg, alleging Zuckerberg spent Facebook's money (Saverin's money) on personal expenses over the summer.[29] In 2009, both suits were settled out of court. Terms of the settlement were not disclosed and the company affirmed Saverin's title as co-founder of Facebook. Saverin signed a non-disclosure contract after the settlement.[30][31]

In 2010, Saverin co-founded Aporta, an online portal for charity.[22][32]

In 2016, Saverin's fund closed initial deals of over $140 million in Asia, including $30 million in regional logistics startup Ninja Van [42] .[33]

Personal life

Saverin met Elaine Andriejanssen, a Chinese Indonesian woman who was educated at Raffles Girls' School and Tufts University. She comes from a family which runs several businesses in Indonesia.[34] On March 27, 2014, they got engaged and were married on June 25, 2015, in the French Riviera.[35][36] Saverin struck a deal with Ben Mezrich to write The Accidental Billionaires: A Story of Sex, Money, Genius and Betrayal about the founding of Facebook. Saverin severed his ties to Mezrich after the Facebook settlement.

Saverin is played by Andrew Garfield in the film The Social Network, which is based on Mezrich's The Accidental Billionaires.


Citation Linkwww.bloomberg.comKucera, Danielle; Harper, Christine; Drucker, Jesse (May 12, 2015). "Facebook Co-Founder May Gain Choosing Singapore Over the U.S." Bloomberg. Retrieved May 14, 2015. Saverin still does hold Brazilian citizenship, Goodman said.
Sep 29, 2019, 12:37 AM
Citation Linkimcmsimages.mediacorp.sg"Saverin 'has no plans to become S'pore citizen'" (PDF). Today. May 17, 2012. Archived from the original (PDF) on May 26, 2013. Retrieved May 17, 2012.
Sep 29, 2019, 12:37 AM
Citation Linkwww.forbes.com"Eduardo Saverin Net Worth". Forbes.
Sep 29, 2019, 12:37 AM
Citation Linkwww.federalregister.govInternal Revenue Service (2012). "Quarterly Publication of Individuals, Who Have Chosen to Expatriate, as Required by Section 6039G". Federal Register.
Sep 29, 2019, 12:37 AM
Citation Linkwww.bloomberg.comKucera, Danielle; Vallikappen, Sanat; Harper, Christine (May 11, 2012). "Facebook Co-Founder Saverin Gives Up U.S. Citizenship Before IPO". Bloomberg L.P. Retrieved May 11, 2012.
Sep 29, 2019, 12:37 AM
Citation Linkopenlibrary.orgMezrich, Ben. The Accidental Billionaires. Doubleday. ISBN 978-0-385-52937-2.
Sep 29, 2019, 12:37 AM
Citation Linkwww.sec.govEduardo Saverin (May 17, 2012). "UNITED STATES SECURITIES AND EXCHANGE COMMISSION INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES - Eduardo Saverin". U.S. Securities and Exchange Commission.
Sep 29, 2019, 12:37 AM
Citation Linkwww.forbes.comhttps://www.forbes.com/sites/briansolomon/2012/05/18/eduardo-saverins-net-worth-publicly-revealed-more-than-2-billion-in-facebook-alone/#26d547432ac4
Sep 29, 2019, 12:37 AM
Citation Linkwww.forbes.com"The World's Billionaires 2017". Forbes. Retrieved February 9, 2018.
Sep 29, 2019, 12:37 AM
Citation Linkwww.huffingtonpost.comBosker, Bianca, "Facebook Co-Founder Eduardo Saverin Invests In Qwiki"
Sep 29, 2019, 12:37 AM
Citation Linktechcrunch.comWauters, Robin, "Exclusive: Facebook Co-Founder Eduardo Saverin Leads $6.5M Round For Jumio", TechCrunch, Thursday, March 17, 2011
Sep 29, 2019, 12:37 AM
Citation Linkwww.forbes.comMathews, Merrill (May 23, 2012). "In Praise Of Eduardo Saverin's Tax Avoidance". Forbes. Retrieved February 9, 2016.
Sep 29, 2019, 12:37 AM
Citation Linkwww.wsj.com"So How Much Did He Really Save?". Wall Street Journal. May 18, 2012. Retrieved February 9, 2016.
Sep 29, 2019, 12:37 AM
Citation Linkwww.cbsnews.comMcCormick, Jason (July 11, 2012). "5 citizens who left the United States to avoid paying tax". CBS News. Retrieved June 17, 2014.
Sep 29, 2019, 12:37 AM
Citation Linkwww.forbes.comWorstall, Tim (May 12, 2012). "IPO Will Increase, Not Reduce, His Tax Bill". Forbes. Retrieved May 12, 2012.
Sep 29, 2019, 12:37 AM
Citation Linkblogs.wsj.comDavid Benoit (May 17, 2012). "Facebook Co-Founder Saverin Fires Back At 'Misinformation'".
Sep 29, 2019, 12:37 AM
Citation Linkwww.thejc.comThe Social Network: How Jewish is Facebook?, The Jewish Chronicle, Jennifer Lipman, October 14, 2010
Sep 29, 2019, 12:37 AM
Citation Linkexame.abril.com.brAmormim, Lucas (2009). "Zuckerberg: jovem, bilionário e... trapaceiro?" [Zuckerberg: young billionaire ... cheater?]. Exame (in Portuguese). Editora Abril. Retrieved May 23, 2016.
Sep 29, 2019, 12:37 AM
Citation Linkveja.abril.com.br"Fábio Altman: Eduardo Saverin, o brasileiro do Facebook, conta sua história" (in Portuguese). May 25, 2012.
Sep 29, 2019, 12:37 AM
Citation Linktecnologia.uol.com.brTagiaroli, Guilherme; Ikeda, Ana (October 22, 2010). "Conheça Eduardo Saverin, o brasileiro que ajudou a fundar o Facebook" [Meet Eduardo Saverin, the Brazilian who helped found Facebook]. UOL (in Portuguese). Retrieved May 12, 2012.
Sep 29, 2019, 12:37 AM