Eduardo Saverin, once a name synonymous with Facebook’s tumultuous early days, has transformed from a sidelined co-founder into a prolific investor and a heavyweight in the financial world. His journey from Harvard’s dorm rooms to Singapore’s high society is a testament to the enduring value of a brilliant idea and the complicated paths of entrepreneurship.
RELATED: Who is Ramon Estevez? Everything You Need To Know
This article explores the net worth of Eduardo Saverin, the enigmatic Facebook co-founder whose fortunes have risen in tandem with the social media giant’s ubiquitous presence.
Table of Contents
Who is Eduardo Saverin?
Eduardo Saverin is a Brazilian-born billionaire, entrepreneur, and angel investor, widely known as one of the co-founders of Facebook. With a reputation for both his early involvement in Facebook and his subsequent investments, Saverin has become a prominent figure in the tech and finance worlds.
How old is Eduardo Saverin?
Born on March 19, 1982, Eduardo Saverin is [age as of the article’s publication date].
Education
Saverin’s education spans two continents. Initially growing up in São Paulo, he later moved to the United States, settling in Miami. He excelled at Gulliver Preparatory School before making his way to Harvard University, where he showcased a keen interest in economics and made a notable profit by investing in oil futures.
Career
Saverin’s career took a pivotal turn during his junior year at Harvard when he met Mark Zuckerberg. Their collaboration led to the creation of Facebook. Saverin initially served as the company’s chief financial officer and business manager. Despite a controversial exit from the company, he has continued to make his mark as a venture capitalist, investing in various early-stage companies.
RELATED: Who is Hanne Norgaard? All About Idris Elba’s ex-wife
Eduardo Saverin’s Net Worth
As of October 2023, Eduardo Saverin’s net worth stands at a staggering $10.8 billion.
How did Eduardo Saverin get so rich?
Saverin’s wealth largely originates from his co-founding stake in Facebook. Despite reducing his stake over time, his initial holdings have grown exponentially in value. His career as a venture capitalist, most notably through his firm B Capital, has further padded his fortune.
How much money did Eduardo Saverin make?
From his early stake in Facebook to his extensive investment portfolio, Saverin has amassed billions. While exact figures from individual investments are undisclosed, his known net worth is a reflection of his financial success.
Were Mark Zuckerberg and Eduardo Saverin friends?
Initially, Zuckerberg and Saverin were close friends during the creation of Facebook. However, their relationship deteriorated over business disputes, leading to legal battles and Saverin’s reduced role in the company.
How much did Zuckerberg settle with Saverin?
The exact terms of the settlement between Zuckerberg and Saverin have not been disclosed. However, it is known that Saverin retained a percentage of Facebook, which today is worth close to $5 billion.
Did Eduardo Saverin lose his shares?
Saverin did not lose his shares but did agree to a dilution of his stake, which was part of the contested settlement he reached with Facebook after his departure.
RELATED: Who is Fivel Stewart? Everything You Need To Know
Why did Zuckerberg kick out Eduardo?
The friction between Zuckerberg and Saverin stemmed from what was perceived as Saverin’s lack of involvement and disagreements on the direction of Facebook. This ultimately led to Saverin’s diminished role and stake in the company.
Conclusion
Eduardo Saverin’s net worth reflects a journey fraught with both triumph and adversity. His story is a slice of the larger narrative of Silicon Valley’s startups, embodying the risks and rewards of technology entrepreneurship. From his early days at Harvard to his current status as a billionaire investor, Saverin’s financial acumen has kept him afloat in a sea of fierce competition and rapid innovation.
FAQs about Eduardo Saverin’s Net Worth
- How much of Facebook does Eduardo Saverin own?
As of 2012, Saverin owned 53 million Facebook shares, which was approximately 2% of all outstanding shares at that time. - What is Eduardo Saverin’s role in Facebook now?
Eduardo Saverin no longer holds an active role in Facebook, having parted ways with the company after settling legal disputes with Mark Zuckerberg. - Has Eduardo Saverin invested in other successful startups?
Yes, Saverin has invested in several successful startups, including Qwiki and Jumio, and continues to invest through his venture capital firm, B Capital. - Why did Eduardo Saverin renounce his U.S. citizenship?
In 2011, Saverin renounced his U.S. citizenship, which many speculate was a move to avoid capital gains taxes, though Saverin has stated that it was for personal and business reasons, particularly his long-term residence in Singapore. - What impact did Eduardo Saverin’s investment in oil futures have on his net worth?
While at Harvard, Saverin made $300,000 by investing in oil futures, demonstrating his business acumen early on and contributing to his wealth even before the founding of Facebook.
