Eduardo Saverin is a Brazilian-born entrepreneur and angel investor who is best known as one of Facebook’s co-founders. Saverin, who was born on March 19, 1982, in Sao Paulo, Brazil, joined the world’s most successful social media platform at the age of 19. In this article, we will examine Saverin’s life, career, and net worth.
Quick Info
| Name: | Eduardo Saverin |
| Salary: | $1 Billion + |
| Monthly Income: | $200 Million + |
| Date of Birth: | March 19, 1982 |
| Age: | 41 Yrs |
| Gender: | Male |
| Height: | 1.77m. (5’ 8”) |
| Weight: | 75 Kg (165 lbs) |
| Profession: | Brazilian entrepreneur and angel investor |
| Nationality: | Brazilian |
Early Childhood and Education
Eduardo Saverin was born in Sao Paulo, Brazil, to a wealthy Jewish family. Roberto Saverin, his father, was a businessman, and Paula Saverin, his mother, was a psychologist. Saverin attended Miami’s Gulliver Preparatory School before enrolling at Harvard University to study economics in 2001. He became friends with Mark Zuckerberg, who was also a student at Harvard.
What is Eduardo Saverin’s Net Worth?
Eduardo Saverin is a $10 billion internet entrepreneur of Brazilian origin. Eduardo Saverin is well-known as one of the co-founders of Facebook. Eduardo provided Facebook with its first investment, approximately $15,000, in late 2003.
In February 2004, Facebook.com was launched. Eduardo was a Junior, and Mark was a Sophomore. These funds were used to pay for the company’s first servers and other startup expenses.
While Mark relocated to Palo Alto to manage the company, Eduardo accepted a summer internship at Lehman Brothers in New York City.
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Facebook’s Inception
Saverin co-founded Facebook in 2004 with Zuckerberg and a group of friends that included Dustin Moskovitz, Andrew McCollum, and Chris Hughes. The social media platform was originally designed to connect and share information among Harvard students. However, it quickly gained popularity and spread to other universities, eventually reaching the general public.
Saverin was Facebook’s first CFO, and he helped secure a $500,000 investment from PayPal co-founder Peter Thiel. He was also instrumental in the company’s early expansion, particularly in securing advertising deals with major brands.
Legal Disputes and Resolutions
When Saverin was forced out of Facebook by Zuckerberg in 2005, his relationship with the company soured. He was accused of breaching his fiduciary duty to the company by selling some of his shares without the board’s approval. The disagreement resulted in a lawsuit, which was ultimately settled out of court.
Saverin agreed to give up his title as a co-founder of Facebook as well as his right to be listed on the company’s website as part of the settlement. He also agreed to accept a smaller share of the company’s equity, despite the fact that his shares were still worth billions of dollars.
Career and Investments Post-Facebook
After leaving Facebook, Saverin relocated to Singapore and began working as an angel investor. He has made investments in several successful startups, including Jumio, ShopSavvy, and Qwiki. He is also the co-founder and chairman of B Capital Group, a venture capital firm that invests in cutting-edge technology startups.
As a result of his investments, Saverin’s net worth has increased. He is thought to own about 2% of Facebook’s stock, which is worth about $8 billion. His other investments and assets, such as real estate and art, have also contributed to his substantial net worth.
Advocacy and Philanthropy
Despite his enormous wealth, Saverin remains dedicated to philanthropy and social causes. He gave $300,000 to support marriage equality in the United States in 2012. He has also contributed to educational initiatives, such as the establishment of the Saverin Prize, which is given to promising Harvard student entrepreneurs.
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Saverin has also been a vocal supporter of the technology industry and entrepreneurship. He has made public statements about the value of innovation and the role of technology in driving economic growth and social progress.
Thank you for taking the time to learn about Eduardo Saverin’s life, career, and net worth. Check out our other articles on business and finance to learn more about successful entrepreneurs and investors.
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