The Life of Facebook Co-Founder Eduardo Saverin

On March 19 in the year 1982, the co-founder of Facebook who was unceremoniously kicked out of the company was born in Sao Paulo, Brazil. His name is Eduardo Luis Saverin, the founder of his own venture capital. Forbes.com estimated his net worth at 19.9 billion US dolars as of August, 2021.

Eduardo Saverin
Eduardo Saverin (Photo Credit: twitter account)

Eduardo Saverin was the son of a wealthy Brazilian businessman who moved to the United States with his family in 1993. He attended Harvard University and graduated magna cum laude with a degree in economics. As a Harvard student, he was contacted by Mark Zuckerberg to invest and become a co-founder of Facebook. He agreed and pumped $15,000 into the new start up. When Mark moved to California in 2004, Eduardo chose to stay in New York for an internship at Lehman Brothers. When Facebook was in need of additional financing for its expansion, Mark asked Eduardo, then the financial manager to do something. Eduardo failed and their relationship started to turn for the worst.

Eventually, Eduardo Saverin was booted out of Facebook and his stake in the company was substantially reduced. A lawsuit was filed against Mark Zuckerberg and Facebook but later, it was settled amicably.

Since 2009, Eduardo Saverin had been living in Singapore. He had renounced his US citizenship in 2011 because he wanted to save on taxes. He went on to become an angel investor, funding startups in Southeast Asia, India, and the US. After Facebook went public in 2012, it was valued at $105 billion and Eduardo’s investment of $15,000 ballooned to $4 billion.

In 2015, Eduardo Saverin married Elaine Andriejanssen, a Chinese Indonesian woman who came from a rich business family.

References
https://www.forbes.com/profile/eduardo-saverin/
https://www.forbes.com/sites/andersonantunes/2012/05/27/eduardo-saverin-finally-opens-up-no-hard-feelings-between-me-and-mark-zuckerberg/#1a04e431574a
https://www.vanityfair.com/news/2016/02/eduardo-saverin-orami-investments-asia
http://www.businessinsider.com/how-mark-zuckerberg-booted-his-co-founder-out-of-the-company-2012-5

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