What is Eduardo Saverin Net Worth?
American-Brazilian businessman and angel investor Eduardo Saverin (Eduardo Luiz Saverin) is from both countries. Eduardo is one of the co-founders of Facebook.
53 million Facebook shares, or around 2% of all outstanding shares at the time (2012 price: $2 billion), were owned by Saverin. Additionally, he has made investments in early-stage businesses including Jumio and Qwiki.
Saverin co-founded the online charity platform Aporta in 2010. His firm secured initial transactions totaling more than $140 million in Asia in 2016, including a $30 million investment in the local logistics business Ninja Van.
& Eduardo now has a net worth of $8.2 billion according to Forbes.
Quick Info.
- Name – Eduardo Saverin
- Date of Birth – 19 March 1982
- Profession –Internet Entrepreneur
- Source of Income – Business
Along with Mark Zuckerberg, Chris Hughes, Dustin Moskovitz, and Andrew McCollum, Eduardo Saverin co-founded Facebook. He is a prominent angel investor and Internet entrepreneur from Brazil.
When he relinquished his American citizenship in 2011, he took center stage. He allegedly gave up his American citizenship to escape paying capital gains taxes. He relocated to Singapore in 2009, where he now resides.
Eduardo Saverin’s net worth is projected to reach $8.2 billion as of September 2022.
Eduardo Saverin Net Worth, Income & Property
- Eduardo Saverin net worth– $8.2 Billion
- Monthly Income – $30 Million
- Yearly Income – 3.6 Billion
- Salary – $300 Million
Car Collection
- As of September 2022, Eduardo Saverin’s net worth was a staggering $8.2 billion.
- And to be quite honest, we wouldn’t be shocked to find several incredibly exotic vehicles simply gathering dust in his garage.
- The billionaire has occasionally been seen driving a Bentley on Singaporean roads, though.
House & Address
Singapore House Worth $167 Million
Saverin spent $167 million on a two-acre house in Singapore in 2019. The gated road leads to the two-story home, which is situated in one of Singapore’s priciest areas on a street lined with trees. The house contains a tennis court, a big yard, and a pool.
A luxurious penthouse suite in Singapore’s highest residential skyscraper is purportedly owned by Saverin as well.
Early Life
On March 19, 1982, in Sao Paulo, Brazil, Eduardo Luiz Saverin was born.
Eduardo’s additional siblings included two. A successful industrialist who worked in the garment, shipping, and real estate industries was his father, Robert Saverin. The mother of Eduardo was a psychologist.
Eduardo is renowned for having entrepreneurial abilities that can be linked to his ancestors. Eugenio Saverin, a Romanian-born man, launched the well-known kids’ clothing chain Tip Top.
Career
In Mark’s junior year at Harvard, they became friends. For Harvard students, Mark had a concept for a social networking site and an online directory, but he needed money to make it happen.
Because he recognized that Mark had a fantastic idea that was worthwhile investing in, Eduardo decided to support him. Mark never considered thefacebook.com to be a source of income.
The only thing Mark wanted was to build a special website that would bring people together. On the other side, Eduardo had the vision to make money with this website and was oblivious to his strategy.
The co-founders chose to expand Facebook’s reach after its successful launch at Harvard. They decided to move to Palo Alto, California, as a result.
Aporta was started in 2010 by Eduardo and a Mexican reporter named Aldo Alvarez. It is an internet platform for charities. He executed deals for more than $140 million in Asia in 2016, one of which was for the startup Ninja Van.
Personal Info
- Known As–Eduardo Saverin
- Current Age – 40 Years old
- Birth Place–Sao Paulo, Brazil
- Hometown – Singapore
- Sun Sign/Zodiac Sign–Pieces
- Religion – Jewish
- Nationality – Brazilian
Physical Appearance
- Height – In Centimeters–177 cm, In Meters – 1.77 m, In Feet Inches –5 ft. 10 inches
- Weight – In kilograms – 75 kg, In Pounds – 165 Pound.
- Eye Color–Brown
- Hair Color – Dark Brown
Family
- Father – Roberto Saverin
- Mother–Paula Saverin
- Siblings – 2
- Children’s – Not Available
Relationship & Personal Life:
- Affairs – No
- Marital Status – Married
Elaine Andriejanssen, an attractive Indonesian-Chinese woman, is Eduardo’s wife.
His wife is an analyst for research at Franklin Templeton Investments.
Facts
- From 1997 until 2001, Mr. Saverin played competitive chess.
- Saverin has several interests, but he believes meteorology to be one of the most fascinating.
- In 2004, Eduardo Saverin and Mark Zuckerberg, a fellow Harvard student, co-founded Facebook.
- He is now a venture investor, yet his modest but lucrative Facebook ownership is still the main source of his fortune.
- Raj Ganguly, a seasoned member of BCG and Bain Capital established the venture firm B Capital in 2016. The fund currently manages $6.5 billion in assets.
- B Capital raised $250 million in July 2022 to invest in early-stage entrepreneurs.
- Saverin, a native of Brazil, has lived in Singapore ever since giving up his American citizenship in 2012, just before Facebook’s initial public offering.
Quotes By Him
Obligated, and I will provide the American government hundreds of millions of dollars in taxes. I already paid any taxes I am due based on my tenure as a citizen of the United States, and I will continue to do so. Edwin Saverin
I’m making irrational investments, usually in online start-ups. Additionally, I have a heartfelt desire to invest in Brazil because I am a native. Edwin Saverin
“People constantly attempt to ascribe a title or a symbol to you. You are a banker if you work for a bank. They perceive a Facebook co-founder in me. Edwin Saverin
Facebook, investments, and film investments by Eduardo Saverin
- The initial $15,000 Eduardo Saverin gave to Facebook has to be considered his most important investment.
- While a student at Harvard in 2003, Mark Zuckerberg approached Saverin and outlined his concept for TheFacebook.
- In February 2004, Facebook was introduced by Chris Hughes, Dustin Moskovitz, and Mark Zuckerberg.
- Eduardo still held 34% of TheFacebook when it eventually changed its name to Facebook.
- However, when Facebook opted to accept investments from Peter Thiel, his shareholding would be decreased to 24%.
- Following that transaction, Facebook would later issue 9 million founder shares without Eduardo.
- This lowered Saverin’s ownership to less than 10%, which prompted a countersuit from each party.
- Even so, Eduardo and Facebook reached a confidential settlement outside of court.
- And Eduardo’s stake was worth $2 billion in 2012 when Facebook ultimately went public.
B Capital
- Finally, Mr. Saverin and Raj Ganguly established B Capital, a venture capital business, in 2015.
- The capital firm has been making significant investments in India and other countries in Southeast Asia.
- The firm closed agreements worth around $140 million in total across Asia in 2016.
- The agreement includes a $30 million investment in the local logistics start-up “Ninja Van,” which has since developed into one of Southeast Asia’s top courier firms.
Other Investments
- Eduardo made major start-up investments before the aforementioned large investments, as well.
- A few examples include Lyft, Qwiki, Jumio, ShopSavvy, Denso, etc.
Frequently Asked Question
Q.1 Does Eduardo Saverin still own any shares on Facebook?
Ans: According to Eduardo Saverin’s 2022 proxy statement from Meta Platforms, the company still has 2% of its ownership.
Q.2 Eduardo Saverin gave up his US citizenship for what reason?
Ans: Mr. Saverin abandoned his US citizenship due to his “interest in working and living in Singapore,” according to his official statement. He has often denied doing anything to avoid paying taxes, but his actions have caused criticism.
Q.3 What is Name’s Total Net Worth?
Ans: Eduardo’s Current Estimated net worth is $8.2 billion According to Forbes in September 2022.
