Eduardo Saverin Net Worth
Eduardo Saverin is a famous entrepreneur and investor. He’s publicly known mostly as a co-founder of Facebook social networtk. His role was popularized by the 2010 movie The Social Network. Although he comes from rich Brazilian family and earned decent money from some of his investments even before Facebook, the vast majority of his wealth comes from non-public settlement with Mark Zuckerberg. Saverin’s 2015 net worth is approximately $5 billion.
Eduardo was rich already as a college student. His father makes a lot of money in shipping and real estate. But besides family money, Eduardo had his own. He made $300,000 through stock speculation in oil industry. He joined Mark Zuckerberg when he was investing Facebook and provided him with so needed finances in the early stages when FB wasn’t generating any cash. After some time, things got bad and lawsuit followed lawsuit. Everything was settlet outside the courtroom ad as a result Saverin was confirmed as a co-founder and granted a lot of stock.
Eduardo Saverin lives in Singapore since 2009. He gave away his American citizenship two years later. Financial experts tend to believe that this move was made mostly to avoid capital gain taxes. While USA taxes such an income by flat 15%, Singapore has no capital gain taxes whatsoever. With basically all of his net worth being generated from the stocks, this saved Saverin notable portion of his money.
