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Eduardo Saverin and Mark Zuckerberg Friends Again Dustin Moskovitz Net Worth

Written By Wednesday, May 18, 2022 Add Comment Edit

Co-founder and ex-CFO of Facebook

Eduardo Saverin
Eduardo Saverin CHINICT.JPG

Saverin at the CHINICT conference
on May 25, 2012
Built-in

Eduardo Luiz Saverin


(1982-03-19) March xix, 1982 (historic period 40)

São Paulo, Brazil
Citizenship Brazil (1982–present)[1] [2]
U.s.a. (1998–2011)[three]
Education Harvard University (AB)
Known for Co-founder of Facebook
Spouse(south)

Elaine Andriejanssen

​

​

(m. 2015)​
Website www.facebook.com/saverin

Eduardo Luiz Saverin (; Portuguese: [eduˈaɾdu luˈis ˈsaveɾĩ]; born March nineteen, 1982)[5] is a Brazilian-built-in billionaire entrepreneur and angel investor based in Singapore.[half dozen] Saverin is ane of the co-founders of Facebook.[7] In 2012, he endemic 53 million Facebook shares[8] (approximately 2% of all outstanding shares), valued at approximately $2 billion at the time.[9] [10] He also invested in early-stage startups such as Qwiki[eleven] and Jumio.[12]

Early on life and education [edit]

Eduardo Luiz Saverin was born in the city of São Paulo to a wealthy Jewish-Brazilian family,[seven] [13] [14] and his family unit later moved to Rio de Janeiro. Saverin's father, Roberto Saverin,[xv] was a businessman working in habiliment, shipping, energy, and real manor.[xvi] His mother, Sandra, was a psychologist. He has 2 siblings.[17] His Romanian-born gramps, Eugenio Saverin (born Eugen Saverin), is the founder of Tip Superlative, a chain of children's clothing shops.[17] In 1993, the family migrated to the U.S., settling in Miami.[15]

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 Clan. While an undergraduate at Harvard, Saverin used his interest in meteorology to predict hurricane patterns and made $300,000 via investment in oil futures.[16] [18] In 2006, Saverin graduated magna cum laude from Harvard University with a Available of Arts in economic science.[nineteen] He is a member of the Alpha Epsilon Pi fraternity (Eta Psi affiliate of Harvard University).[20]

Career [edit]

During his inferior 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 $one,000 in the site. Later on, Zuckerberg and Saverin each agreed to invest another $eighteen,000 in the performance.[21] As co-founder, Saverin held the function of primary financial officer and business manager.[7] On May 15, 2012, Business Insider obtained and released an exclusive electronic mail from Zuckerberg detailing how he cut Saverin from Facebook and diluted his stake.[22] Zuckerberg privately stated at the time, "Eduardo is refusing to co-operate at all ... Nosotros basically now demand to sign over our intellectual belongings to a new company and just take the lawsuit ... I'm just going to cut him out and and then settle with him. And he'll become something I'yard sure, merely he deserves something ... He has to sign stuff for investments and he'southward lagging and I tin't take the lag." Zuckerberg's attorney warned Zuckerberg that the dilution might trigger a lawsuit for breach of fiduciary duty. Facebook filed a lawsuit confronting Saverin, arguing that the stock-purchase agreement Saverin signed in October 2005 was invalid. Saverin then filed a arrange confronting Zuckerberg, alleging Zuckerberg spent Facebook's money (Saverin'south coin) on personal expenses over the summertime.[23] In 2009, both suits were settled out of court. Terms of the settlement were not disclosed and the company affirmed Saverin's championship every bit co-founder of Facebook. Saverin signed a non-disclosure contract later on the settlement.[24] [25]

In 2010, Saverin co-founded Aporta, an online portal for charity.[15] In 2015, Saverin established his venture majuscule firm, B Upper-case letter, investing in Southeast Asia and India.[26] In 2016, Saverin's fund airtight initial deals of over $140 million in Asia, including Ninja Van, a Singaporean logistics company.[27]

To aggrandize into the Asian market place, B Capital hired Lehman Brothers and Grab veteran, John Chua to oversee the China business. Chua will have Daisy Cai reporting to him.[28] [29]

In media [edit]

Saverin is played past Andrew Garfield in the film The Social Network, which is based on Ben Mezrich'southward The Accidental Billionaires.[30]

Personal life [edit]

Since 2009, Saverin has been based in Singapore.[26] Saverin and Elaine Andriejanssen, an Indonesian national of Chinese descent, became engaged on March 27, 2014, and were married on June 25, 2015.[31] [32] They met while they were both studying at their respective universities in Massachusetts, he at Harvard and she at Tufts.[3] Andriejanssen comes from a family unit that runs several businesses in Indonesia.[33]

Saverin renounced his U.Due south. citizenship in September 2011,[34] [35] thereby avoiding an estimated $700 million in capital letter gains taxes. This generated media attention and controversy.[6] [36] [37] Saverin stated that he renounced his citizenship because of his "interest in working and living in Singapore" where he has been since 2009,[38] and denied that he left the U.S. to avoid paying taxes.[34]

References [edit]

  1. ^ Kucera, 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.
  2. ^ "Saverin 'has no plans to become Due south'pore citizen'" (PDF). Today. May 17, 2012. Archived from the original (PDF) on May 26, 2013. Retrieved May 17, 2012.
  3. ^ a b Chew Hui Min (July 26, 2015). "Condition update: Facebook co-founder Eduardo Saverin marries Singapore-based Elaine Andriejanssen". The Straits Times . Retrieved March i, 2020.
  4. ^ "Bloomberg Billionaire Index: #174 Eduardo Saverin". Bloomberg.
  5. ^ Internal Acquirement Service (2012). "Quarterly Publication of Individuals, Who Take Called to Expatriate, every bit Required by Section 6039G". Federal Register.
  6. ^ a b Kucera, Danielle; Vallikappen, Sanat & Harper, Christine (May 11, 2012). "Facebook Co-Founder Saverin Gives Upward U.S. Citizenship Earlier IPO". Bloomberg L.P . Retrieved May 11, 2012.
  7. ^ a b c Mezrich, Ben (2009). The Accidental Billionaires. Doubleday. ISBN978-0-385-52937-ii.
  8. ^ Eduardo Saverin (May 17, 2012). "United States Securities and Exchange Committee Initial Argument of Benign Ownership of Securities - Eduardo Saverin". U.Southward. Securities and Substitution Commission.
  9. ^ Solomon, Brian (May 18, 2012). "Eduardo Saverin's Cyberspace Worth Publicly Revealed: More Than $2 Billion in Facebook Alone". Forbes.
  10. ^ "The World'south Billionaires 2017". Forbes . Retrieved February 9, 2018.
  11. ^ Bosker, Bianca (January 20, 2011). "Facebook Co-Founder Eduardo Saverin Invests In Qwiki". Huffington Mail.
  12. ^ Wauters, Robin (March 17, 2011). "Sectional: Facebook Co-Founder Eduardo Saverin Leads $6.5M Round For Jumio". TechCrunch.
  13. ^ Lipman, Jennifer (October 14, 2010). "The Social Network: How Jewish is Facebook?". The Jewish Chronicle.
  14. ^ Amormim, Lucas (2009). "Zuckerberg: jovem, bilionário due east... trapaceiro?" [Zuckerberg: young billionaire ... cheater?]. Exame (in Portuguese). Editora Abril. Retrieved May 23, 2016.
  15. ^ a b c "Eduardo Saverin, o brasileiro do Facebook, conta sua história" [Eduardo Saverin, the Brazilian of Facebook, tells his story]. Veja (in Portuguese). Grupo Abril. May 26, 2012. Retrieved May 23, 2016.
  16. ^ a b Tagiaroli, 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.
  17. ^ a b Antunes, Anderson (May 27, 2012). "Eduardo Saverin Finally Opens Upwardly: 'No Hard Feelings Between Me And Marker Zuckerberg". Forbes . Retrieved May 26, 2016.
  18. ^ Mezrich, Ben (July 17, 2009). "A Facebook Tale: Founder Unfriends Pals on Mode Up". NPR.
  19. ^ "Facebook Founders Bios". Facebook.
  20. ^ "Eduardo Saverin: 10 Things To Know Nearly The Facebook Co-Founder". International Business organisation Times. May 4, 2012. Retrieved March 28, 2017.
  21. ^ Hoffman, Claire (September 15, 2010). "The Battle For Facebook". Rolling Stone. Wenner Media. Retrieved July four, 2017.
  22. ^ Carlson, Nicholas (May 15, 2012). "Sectional: Here's The Email Zuckerberg Sent To Cutting His Cofounder Out Of Facebook". Business Insider . Retrieved February 9, 2016.
  23. ^ Carlson, Nicholas (May 15, 2012). "Exclusive: How Marker Zuckerberg booted his co-founder out of the visitor". Business Insider . Retrieved Nov 22, 2018.
  24. ^ Thomas, Owen (January 30, 2009). "Facebook Founders Settle Their Feud". Gawker.
  25. ^ Carvalho dos Santos, Alexandre; Marcelo Rainho (October 2009). "A misteriosa história exercise brasileiro que fundou o Facebook" [The mysterious story of the Brazilian who founded Facebook.]. Superinteressante (in Portuguese). São Paulo: Editora Abril (270): 94–97. ISSN 0104-1789. OCLC 60743498.
  26. ^ a b Konrad, Alex. "Life Afterwards Facebook: The Untold Story Of Billionaire Eduardo Saverin's Highly Networked Venture Firm". Forbes . Retrieved March 1, 2020.
  27. ^ Russell, Jon (May 19, 2016). "Facebook co-founder Eduardo Saverin'southward new fund closes initial $140 Meg for deals in Asia". TechCrunch . Retrieved May 23, 2016.
  28. ^ "B Capital Hires Quondam Grab Fundraising Head & Value Partners Appoints New SEA Principal". DigitalCFO Asia. Dec 10, 2021.
  29. ^ Neo, Kristie (Dec 8, 2021). "B Capital, Value Partners make new appointments". Deal Street Asia.
  30. ^ Karim, Anhar (November 16, 2020). "'The Social Network's' Denise Grayson On Being A Lawyer, And then Playing Ane". Forbes. Archived from the original on November 17, 2020. Retrieved December 14, 2020.
  31. ^ Iyengar, Rishi (July 26, 2015). "Facebook Co-Founder Eduardo Saverin Confirms News of Wedding in Facebook Post". Time . Retrieved February nine, 2016.
  32. ^ Karmali, Naazneen (June 25, 2015). "Secret Wedding Celebration Of Facebook Co-Founder Eduardo Saverin Kicks Off". Forbes . Retrieved July xxx, 2015.
  33. ^ Chia, Stacey (June twenty, 2015). "Eduardo Saverin's lover studied at Raffles Girls' Schoolhouse, Indonesian family runs several businesses". AsiaOne. Singapore Press Holdings Ltd. Archived from the original on August 19, 2015. Retrieved July 30, 2015.
  34. ^ a b Mathews, Merrill (May 23, 2012). "In Praise of Eduardo Saverin's Taxation Avoidance". Forbes . Retrieved February 9, 2016.
  35. ^ "Then How Much Did He Actually Save?". The Wall Street Journal. May 18, 2012. Retrieved February ix, 2016.
  36. ^ McCormick, Jason (July eleven, 2012). "5 citizens who left the United States to avoid paying tax". CBS News . Retrieved June 17, 2014.
  37. ^ Worstall, Tim (May 12, 2012). "IPO Will Increment, Non Reduce, His Tax Bill". Forbes . Retrieved May 12, 2012.
  38. ^ Benoit, David (May 17, 2012). "Facebook Co-Founder Saverin Fires Back At 'Misinformation'". The Wall Street Journal.

Farther reading [edit]

  • Saverin, Eduardo (Oct 15, 2010). "Facebook Co-Founder Speaks Publicly: What I Learned From Watching 'The Social Network'". CNBC.

External links [edit]

  • Eduardo Saverin on Facebook
  • Profile at Forbes
  • Works by or about Eduardo Saverin in libraries (WorldCat catalog)

spencertapere.blogspot.com

Source: https://en.wikipedia.org/wiki/Eduardo_Saverin

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