Eduardo Saverin Net Worth | Biography, Income, Career, Cars

Net worth

Eduardo Saverin is a well-known businessman and investor. He is best known for being one of the co-founders of Facebook. The 2010 film The Social Network popularized his role.

Although he comes from a wealthy Brazilian family and made a good living from some of his investments before Facebook, the vast majority of his wealth is the result of a confidential settlement with Mark Zuckerberg. Saverin’s net worth is expected to be around $15 billion in 2022.

Introduction

Eduardo Saverin is a businessman and angel investor from Brazil. Saverin is one of Facebook’s co-founders. In 2012, he owned 53 million Facebook shares, or about 2% of all outstanding shares.

Saverin co-founded the ‘B Capital Group’ in 2015. His major investments outside of Facebook include ‘B Capital Group,’ ‘Ninja Van,’ ‘Aporta,’ ‘Lyft,’ ‘Qwiki,’ and ‘Jumio,’ among others. Eduardo Saverin’s net worth is estimated at $15 billion in 2022.

Early life

Eduardo Luiz Saverin was born in Sao Paulo, Brazil, on March 19, 1982. He had two other brothers and sisters. Robert Saverin, his father, was a successful industrialist who worked in clothing, shipping, and real estate. Eduardo’s mother was a therapist.

He is well-known for his entrepreneurial abilities, which can be traced back to his ancestors. Eugenio Saverin, a Romanian-born grandfather, founded the well-known children’s clothing retail chain Tip Top.

Saverin attended Miami’s Gulliver Preparatory School. He then went to Harvard University, where he lived in Eliot House, was a member of the Phoenix S.K. Club, and served as president of the Harvard Investment Association when I was a freshman at Harvard.

He received a Bachelor of Arts in economics from Harvard University in 2006, graduating magna cum laude. During his junior year, Saverin met fellow Harvard undergraduate, sophomore Mark Zuckerberg.

Because there was no dedicated social networking website for Harvard students, the two collaborated to launch Facebook in 2004. They both agreed to put $1,000 into the site. Later, Zuckerberg and Saverin agreed to each invest an additional $18,000 in the business, making the two co-founders of Facebook.

However, on May 15, 2012, Mark Zuckerberg fired Saverin and diluted his stake in Facebook. The situation compelled Saverin to sue Zuckerberg, but the matter was settled out of court, and the company reaffirmed Saverin’s status as a Facebook co-founder.

Saverin is a co-founder of Aporta, an online charity portal. Saverin founded B Capital, a venture capital firm that invests in Southeast Asia and India, in 2015. In 2016, Saverin’s fund closed over $140 million in initial deals in Asia, including $30 million in regional logistics startup.

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Career

Mark and Saverin met in his junior year at Harvard. Mark had an idea for a social networking site and online directory for Harvard students, but he needed funding to make it a reality. Eduardo agreed to back Mark because he saw he had a brilliant idea worth investing in. Mark never saw thefacebook.com as a means of making money.

Mark’s only goal was to create a unique website connecting people. On the other hand, Eduardo was unaware of his approach and had the vision to make money through this website. Following the successful launch of Facebook at Harvard, the co-founders decided to broaden its scope. As a result, they decided to relocate to Palo Alto, California.

Eduardo and Aldo Alvarez, a Mexican reporter, co-founded Aporta in 2010. It is a charitable online portal. In 2016, he closed over $140 million in deals in Asia, including one for the startup Ninja Van.

Family

Saverin renounced his US citizenship in September 2011. Elaine Andriejanssen and Saverin met as college students in Massachusetts and reconnected after he moved to Singapore, where she lived. They proposed in the spring of 2014 and celebrated with a lavish engagement party in Bali that included a performance by John Legend.

On June 25, 2015, the couple married on the French Riviera. She is a Chinese Indonesian woman who attended Raffles Girls’ School in Singapore and Tufts University. She worked at Franklin Templeton Investments as a quantitative research analyst. Her family owns several businesses in Indonesia.

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Luxury life

Eduardo Saverin invests in real estate with some of his money. Saverin paid $167 million for a two-acre home in Singapore in 2019. The two-story house is on a tree-lined street in one of Singapore’s most affluent neighborhoods, with a gated driveway leading to it. There is a pool, a tennis court, and a large yard on the property.

Saverin is also said to have a luxury penthouse suite in Singapore’s tallest residential building. Some of Saverin’s money is spent on his home in Coral Gables, Florida. He is also said to have a luxury penthouse suite in Singapore’s tallest residential building.

Awards & Achievements

After Facebook went public, the filing revealed that Saverin owned 53,133,360 shares worth $2.18 billion, or slightly less than 2% of the company’s outstanding shares. That would have been much more valuable if he hadn’t sold more than half of his shares before the IPO.

Quotes

Some of the most famous quotes by Eduardo Saverin are-

• “Obligated, and I will pay hundreds of millions of dollars in taxes to the American government. I already paid, and I will keep paying whatever taxes I owe based on my time as a U.S. citizen.” – Eduardo Saverin
• “I am investing like a crazy person, mostly in internet start-ups. And I want to invest in Brazil as well because I am Brazilian, and that’s in my heart.” – Eduardo Saverin
• “People always try to put a title or a symbol on you. If you work in a bank, you are a banker. For me, they see a co-founder of Facebook.” – Eduardo Saverin
• “The decision was based on my interest in living and working in Singapore. I must pay the American government hundreds of millions of dollars in taxes. I already paid and will keep paying whatever taxes I owe based on my time as a U.S. citizen.” 

Summary

Eduardo Saverin, along with Mark Zuckerberg, Chris Hughes, Dustin Moskovitz, and Andrew McCollum, is a co-founder of Facebook. He is a Brazilian internet entrepreneur and angel investor. Saverin and Mexican entrepreneur Aldo Alvarez co-founded ‘Aporta,’ an online charity portal, in 2010. Eduardo Saverin’s net worth is estimated at $12 billion in 2022.

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References

• wiki.ng– Eduardo Saverin net worth, biography, personal life
• 44bars.com Biography, facts, awards, net worth
• bloomberg.com– Eduardo Saverin profiles