In this article, here is the full details of Eduardo Saverin about wiki, biography, date of birth, birthplace, zodiac sign, nationality, hometown, age, height, weight, father, mother, family, girlfriend, wife, relationship status, children, profession, education, career, net worth, facts, Wikipedia, and many more.
Early Life and Background
Eduardo Saverin was born on March 19, 1982, in São Paulo, Brazil, to a wealthy Jewish family. His father, Roberto Saverin, was a successful businessman, working in various industries such as clothing, shipping, and real estate, while his mother, Paula Saverin, was a psychologist. Eduardo has two siblings. In 1993, when Eduardo was 11, his family moved to Miami, Florida, seeking a safer environment due to the high crime rates in Brazil at the time.
Education
Saverin attended Gulliver Preparatory School in Miami and later enrolled at Harvard University in 2001. At Harvard, he majored in economics and was a member of the Phoenix S.K. Club, an all-male final club. Saverin also served as president of the Harvard Investment Association and interned at Lehman Brothers during his junior year. He graduated magna cum laude in 2006.
Founding Facebook
While at Harvard, Eduardo Saverin met Mark Zuckerberg, and the two decided to collaborate on a new social networking site called “Thefacebook” in 2004. Saverin provided initial seed funding of $15,000 for server costs and other expenses, taking on the role of CFO and business manager. As the site rapidly gained popularity, tensions arose between Saverin and Zuckerberg regarding the future direction of the company and financial management.
Legal Disputes and Settlement
In 2005, Saverin’s role at Facebook was reduced after a series of dilutions of his stake by the issuance of new shares. This led to a legal dispute between Saverin and Zuckerberg. Saverin sued Facebook, and the case was settled out of court. As part of the settlement, Saverin’s name was restored to the list of co-founders, and he received an undisclosed amount of shares, estimated to be around 4-5% of the company. These shares later became worth billions of dollars after Facebook’s IPO in 2012.
Life After Facebook
After leaving Facebook, Eduardo Saverin moved to Singapore in 2009, citing his interest in the emerging markets of Asia and a desire for a different lifestyle. In 2011, he renounced his U.S. citizenship, which led to speculation that it was a move to avoid high capital gains taxes on his Facebook shares. Saverin has stated that his decision was primarily motivated by his commitment to live and work in Singapore.
Business Ventures and Investments
In Singapore, Saverin co-founded B Capital Group, a venture capital firm, in 2015 with Raj Ganguly. B Capital Group focuses on investing in early-stage technology companies across various industries, including healthcare, financial services, and industrial sectors. Saverin has invested in several successful startups, such as Southeast Asian ride-hailing giant Grab and Indian e-commerce company Hopscotch.
Personal Life
Eduardo Saverin married Elaine Andriejanssen, a Chinese Indonesian woman who is also based in Singapore, in 2015. The couple met while studying at Harvard. Saverin maintains a relatively low profile and is known for his philanthropic efforts, contributing to various causes, particularly in education and health.
Legacy and Impact
Eduardo Saverin’s role in the creation and early success of Facebook has cemented his place in the history of technology and social media. Despite the legal battles and controversies, his contributions to one of the world’s most influential companies cannot be overlooked. His post-Facebook ventures and investments demonstrate his continued influence in the tech industry, particularly in emerging markets.
Fun Facts
- Saverin is portrayed by actor Andrew Garfield in the 2010 film “The Social Network,” which dramatizes the founding of Facebook.
- He is fluent in Portuguese, English, and Spanish.
- Saverin’s net worth is estimated to be in the billions, making him one of the wealthiest individuals in Singapore.
Eduardo Saverin’s journey from a Brazilian immigrant to a billionaire tech entrepreneur is a remarkable story of innovation, resilience, and strategic thinking. His contributions to Facebook and his subsequent ventures have left a significant mark on the global tech landscape.
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