What is Eduardo Saverin Net Worth in 2019 and how did the entrepreneur amass so much wealth and fame doing what he loves most? Read on as we reveal secrets behind his birth, career, wealth and success story.
Who is Eduardo Saverin?
When you hear of Facebook, the name that comes to your mind is no other than Mark Zuckerberg but it may interest you to know that Mark didn’t start up Facebook alone. Facebook was founded by more than one persons and one of them is the Brazilian Eduardo Saverin.
He still owns shares in Facebook worth billions of dollars. Saverin was an American citizen up until 2011 when he voluntarily renounced it thereby avoided a $700 million worth of taxes.
This action of his generated mixed responses but Saverin stated that his reason for such an action was to reside and do business in his Singapore.
|Net Worth||$10.6 billion|
|Date of Birth||March 19, 1982|
Eduardo Saverin was born on the 19th of March 1982 in Sao Paulo, Brazil. He was born to a Jewish father Roberto Saverin who was a businessman dealing in real estate, shipping, and clothes while his mother Sandra worked as a psychologist.
Also Read: Don King Net Worth
When Eduardo was 11, together with his parents and two siblings relocated to Miami, the United States where he spent most of his life.
He began his education in the United States at Gulliver Preparatory School before he attended a high school in Miami. Upon completion of high school, he gained admission to study at Harvard University.
During his time at Harvard, he showed signs of a potential entrepreneur as he engaged in some online business in the oil industry that earned him $300,000. He finally graduated in 2006 with distinction obtaining a Bachelor of Science degree in economics.
Something very important that transformed his life happened at Harvard. Read on to find out.
During his early years at Harvard, he met a fellow student Mark Zuckerberg and both decided to work on a social networking site for students of their university. The site soon turned into Facebook in 2004.
Both invested a thousand dollars during its start-up before upping their investment to $18,000. He was the CFO and manager of the firm before his shares were diluted by Zuckerberg that led to court cases between both parties.
The case was later settled out of court in 2009 with him retaining his title of Facebook’s co-founder.
Saverin as an entrepreneur has other investments which include Aporta, logistics firm Ninja Van and other smaller firms in Asia.
Eduardo Saverin began dating Elaine Andriejanssen a wealthy Chinese Indonesian. They got married in 2015 in French Riveria which is by the Mediterranian sea. They are yet to have a child.
During the court cases against Zuckerberg, he met American author Ben Mezrich to write a book on the history of Facebook which was titled The Accidental Billionaires: A Story of Sex, Money, Genius, and Betrayal.
The book was the foundation on which the popular movie The Social Network (2010) was based on.
How did he amass such wealth?
Eduardo Saverin Net Worth is $10.6 billion which he amassed from his various shares, stakes, and investments.
He owns 6.1 million Class A shares of Facebook and 47.2 million Class B shares all worth over $8 billion. He also has other investments which include Qwiki, Ninja Van and Jumio.
In 2013, he bought a property in Singapore worth $167 million. The property measuring about 885,000 square-foot and consists of a swimming pool, tennis court, two-story building, and over five bungalows.