Eduardo Saverin Biography & Net Worth

Eduardo Saverin Biography & Net Worth

Eduardo Saverin is a Brazilian entrepreneur and active angel investor who is best known for co-founding Facebook along with Andrew McCollum, Mark Zuckerberg, Dustin Moskovitz, and Chris Hughes. In 2011, he became a media sensation when he renounced his United States, allegedly in order to avoid capital gains taxes. He has lived in Singapore since he moved there in 2009, and has continued to push on with his vocation as an internet entrepreneur and businessman.

He is a co-founder of the ‘B Capital Group’, an organization that was established in 2015. Other than the popular social networking site Facebook, some of his biggest investments include B Capital Group, Jumio, Qwiki, Lyft, Ninja Van, and Aporta among others. Eduardo Saverin net worth enables him to be ranked among the world’s billionaires, thanks to his numerous investments and startups which now fetchimim huge sums of money per annum. He founded an online portal for charity known as Aporta in 2010 along with Mexican entrepreneur Aldo Alvarez. More details on Eduardo Saverin’s biography, businesses and financial status in the article below.

Eduardo Saverin’s Early Life

Eduardo Luiz Saverin was born into a Jewish family in Sao Paulo, Brazil on March 19, 1982. He and his two siblings were raised by the mother, Sandra, who was a psychologist, and their father, Robert Saverin, who was a successful businessman who worked in real estate, clothing, and shipping. It was his father’s successful business models that exposed Eduardo to entrepreneurship from a very early stage in his life. His Romanian grandfather Eugenio Saverin was also successful in the aspect of business, and was behind the founding of the popular kids wear string of retail stores ‘Tip Top’.

He moved with his family to Rio de Janeiro during his early childhood, and moved with them once again to the United States in 1993 where they settled in Miami, Florida. He attended Gulliver Preparatory School in Miami for his primary education, and later joined Ivy League Colleges in Harvard for his undergraduate degree. It is whispered that he made about $300,000 when he was an undergraduate due to the negligent in Brazil’s insider trading regulations. While in Harvard, he presided over the school’s Investment Association and was an active member of the Phoenix S. K. Club and also the Alpha Epsilon Pi Fraternity.

In the year 2006, Eduardo graduated from Harvard University, earning his a bachelor’s degree in economics. Things turned around in his life when he met fellow student Mark Zuckerberg at Harvard and decided to join him in the creation of facebook.com.

Eduardo Saverin’s Career

During his time as a student of Harvard, Eduardo Saverin met Zuckerberg and the other co-founders of facebook.com, and together they laid down the plans to create the website. However, Zukerberg did not include Saverin’s name anywhere in the profits and neither gave him credits for the idea. It was only because of Saverin’s financial contributions that Zuckerberg was able to upload Facebook to Google. Later, Saverin sued Zuckerberg and asked for his own share of the profits. Eventually, a non-disclosure agreement was signed by all parties involved to settle the matter. So to date, nothing has been revealed on how much the parties involved paid or received to close this case.

Eduardo Saverin moved on with his life and teamed up with Aldo Alvarez to create Aporta in 2010. Since 2009, he has been living in Singapore. He became a United States citizen in 1998 but renounced his citizenship in 2011, as he wants to establish and focus on his businesses in Singapore. This move grabbed a lot of media attention and also brought him criticism, as the businessman was accused of making such moves just to steer clear of paying taxes in the United States. He has not entered the United States for several years now, and from the looks of things and the rapid growth of his businesses in Singapore, there are no signs that he will be returning to the United States anytime soon. In fact, several questions have been raised by many people in respect to his patriotism and the value of the nation to him. But all of that doesn’t seem to Make Eduardo uncomfortable in any ways as he appears to keep focusing on his profession and expanding his numerous ventures. Facebook aside, he has made several other notable investments including in companies or organizations such as B Capital Group, Jumio, Qwiki, Lyft, Ninja Van, Aporta and several others.

Awards & Achievements

One of his biggest accomplishments in life is the crucial role he played in the creation of Facebook, a social media platform that is currently one of the biggest known across the world. He has made a lot of investments since he moved to Singapore, and is highly acknowledged for his investment in the online retailer ‘Redmart’. He has also made bold investments in ‘Uber,’ and other car rental services such as ‘Silvercar’ and ‘Flightcar’. His only registered accolade till date is his inclusion by Forbes magazine as one of the most brilliant business minds.

Personal Life & Family

Eduardo Saverin is a married man who takes special care of his family just like he does with his businesses. Since June 2015, he has been married to Chinese Indonesian Elaine Andriejanssen. She comes from a successful business family which owns many businesses in Massachusetts in the United States. The husband and wife live in Saverin’s multi-million dollar home in Singapore, and are always connected with the world through their iPhones and MacBooks.

Eduardo is a shy man who doesn’t like to talk much and prefers to keep a low profile on the internet and social networking sites. He has a passion for weather forecast. One of his three MacBooks keeps running weather softwares. He developed this interest in weather forecast after the Hurricane Andrew of 1992 which hit South Florida.

Eduardo Saverin Net Worth

As per various online reports, Eduardo Saverin net worth is more than $13 billion. Most of this fortune has come from various businesses as well as numerous investments he has made throughout his lifetime. His role as an active investor who is always seeking for new and better opportunities has also helped him multiply his fortune, and he rakes in millions of dollars annually through his shares in several tech companies including Facebook and others.

He is one of the richest Brazilian businessmen in the world. He is also one of those strong-willed people who do not take no for an answer, and would rather fight for their rights than cower, which is why he never hesitated to drag fellow Facebook co-founder Mark Zuckerberg to court when he wasn’t credited or paid for his work on Facebook. Today, this brilliant mind owns more than 50 million shares of Facebook. After the renunciation of his U.S. citizenship in 2011, many people believe he took the step just to avoid capital gains taxes of about $700 million. However, he claims that he can pay as much taxes to the United States government as much as he owes, and only moved to Singapore to develop his businesses like he has always wanted.