Eduardo Saverin
| Eduardo Saverin | |
|---|---|
Saverin at the CHINICT conference
on May 25, 2012 |
|
| Born |
Eduardo Luiz Saverin 19 March 1982 São Paulo, São Paulo, Brazil |
| Residence | Singapore |
| Citizenship |
Brazil United States (formerly) |
| Alma mater | Harvard University (B.A., Economics, 2006) |
| Known for | Co-founder of Facebook |
| Net worth |
 US $6.9 billion (2016) |
| Spouse(s) | Elaine Andriejanssen (m. 2015) |
| Website | www |
Eduardo Luiz Saverin (Portuguese pronunciation: [eduˈaɾdu luˈis ˈsaveɾĩ]; born 19 March 1982) is a Brazilian Internet entrepreneur, economist and angel investor. Saverin is one of the co-founders of Facebook. As of 2015[update], he owns 53 million Facebook shares (approximately 0.4% of all outstanding shares) and has a net worth of $7.2 billion, according to Forbes. He has also invested in early-stage startups such as and Jumio.
In what was seen by some as a move to avoid U.S. taxes, Saverin renounced his U.S. citizenship in September 2011. According to Saverin, he renounced his citizenship because of his "interest in working and living in Singapore" where he has been since 2009. He avoided an estimated $700 million in capital gains taxes; this generated some media attention and controversy. Saverin denies that he left the U.S. to avoid paying taxes.
Eduardo Saverin was born in the city of São Paulo, Brazil, to a wealthy Jewish Brazilian family, and his family later moved to Rio de Janeiro. Saverin's father, Roberto Saverin, was an industrialist working in clothing, shipping, and real estate. His mother, Paula, was a psychologist and he has two siblings. His Romanian-born grandfather, Eugenio Saverin (born Eugen Saverin), is the founder of Tip Top, a chain of kidswear retail shops. In 1993, the family emigrated to the U.S., settling in Miami.
Saverin attended Gulliver Preparatory School in Miami, and went on to Harvard University, where he was a resident of Eliot House (Harvard College) and a member of the Phoenix S.K. Club as well as 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. In 2006, Saverin graduated magna cum laude from Harvard University with a bachelor's degree in economics. He is a member of the Alpha Epsilon Pi fraternity (Eta Psi chapter of Harvard University).
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