What is Eduardo Saverin Net Worth?

Who is Eduardo Saverin and What is His Net Worth in 2024?

Eduardo Luiz Saverin, a Brazilian billionaire entrepreneur and angel investor, is widely known as one of the co-founders of Facebook. Born on March 19, 1982, in São Paulo, Brazil, Saverin played a crucial role in the early days of Facebook, alongside his Harvard classmate Mark Zuckerberg. As of February 17, 2024, his net worth stands at an impressive $26.2 billion, making him the 65th richest person in the world.

Early Life and Education

Saverin was born into a wealthy Jewish-Brazilian family and later moved to Rio de Janeiro. His father, Roberto Saverin, was involved in various business ventures, while his mother, Sandra, worked as a psychologist. In 1993, the Saverin family immigrated to the United States, settling in Miami, Florida. Eduardo attended Gulliver Preparatory School in Miami before pursuing his higher education at Harvard University, where he graduated magna cum laude with a Bachelor of Arts in economics in 2006.

Career and Facebook Journey

During his time at Harvard, Saverin crossed paths with Mark Zuckerberg, and together they founded Facebook in 2004. Saverin served as the chief financial officer and business manager of the social networking platform. However, their partnership faced challenges, leading to a legal dispute that was eventually settled out of court. Despite the rocky road, Saverin continued to make significant investments in various startups and co-founded Aporta, an online portal for charity, in 2010.

Life Beyond Facebook and Investments

Post his Facebook journey, Saverin ventured into the world of venture capital and founded B Capital in 2015. The firm focuses on investments in Southeast Asia and India, with initial deals amounting to over $140 million in Asia. Saverin’s investment portfolio also includes Antler, an early-stage VC fund and startup accelerator. His strategic investments have solidified his position as a prominent figure in the tech investment landscape.

Personal Life and Controversies

Saverin’s personal life took a significant turn when he renounced his U.S. citizenship in 2011, a move that stirred controversy and media attention. He cited his interest in living and working in Singapore as the primary reason for this decision, denying any claims of tax evasion. Saverin married Elaine Andriejanssen, an Indonesian national, in 2015, and the couple now resides in Singapore with their child.

Frequently Asked Questions (FAQs) About Eduardo Saverin

1. How did Eduardo Saverin become wealthy?

Eduardo Saverin’s wealth primarily stems from his early involvement in Facebook as one of the co-founders. His strategic investments in startups and ventures, along with his role as a venture capitalist, have further contributed to his substantial net worth.

2. Why did Eduardo Saverin renounce his U.S. citizenship?

Saverin renounced his U.S. citizenship in 2011, citing his interest in living and working in Singapore as the main reason. This move also allowed him to avoid a significant amount of capital gains taxes.

3. What is the current net worth of Eduardo Saverin in 2024?

As of February 17, 2024, Eduardo Saverin’s net worth is estimated to be $26.2 billion, making him one of the wealthiest individuals globally.

4. Where does Eduardo Saverin currently reside?

Eduardo Saverin has been a resident of Singapore since 2009 and is considered the richest person in the country. He has made Singapore his home and is actively involved in the local business and investment scene.

5. What are some of Eduardo Saverin’s notable investments?

Aside from his involvement in Facebook, Saverin has made significant investments in startups such as Aporta, B Capital, Jumio, and Antler. His diverse investment portfolio reflects his interest in supporting innovative ventures across various industries.