Eduardo Saverin Net Worth

Eduardo Saverin net worth: Brazilian internet entrepreneur and investor, Eduardo Luiz Saverin has an estimated net worth of $2.8 billion As of May 2012, according to FORBES. After Facebook went public, the filing shows that Saverin holds 53,133,360 shares worth a total of $2.18 billion, or just under 2 percent of Facebook’s outstanding shares. That number would be even higher if he hadn’t already sold off more than half of the shares he won in his lawsuit against the company. The cash from those sales puts his total net worth at approximately $2.8 billion, says Forbes.

Saverin is one of four co-founders of Facebook.com, along with Mark Zuckerberg, Dustin Moskovitz, and Chris Hughes. Now a resident of Singapore, he has since sold more than half his stake in Facebook and has started to invest in startups including Qwiki and Jumio, which created the online payment Netswipe. The Brazilian-born Saverin apparently provided early seed money, earning him a one-third stake. This fell to 30% when Zuckerberg’s roommate, Dustin Moskovitz, joined. When the others dropped out of school to relocate to California, Saverin stayed behind. Facebook later sued him for allegedly interfering with business and insisting on keeping a 30% stake; Saverin countersued. The parties settled, with Saverin apparently receiving a 5% stake and a co-founder bio on Facebook’s site. While his former classmates celebrate Facebook’s IPO at their new Menlo Park, California digs, company co-founder Eduardo Saverin may well be miles away, perhaps in his new home in Singapore. Saverin, immortalized in The Social Network as Mark Zuckerberg’s onetime best friend, started the company with the current CEO at Harvard. In September 2011, he renounced his U.S. citizenship, later reportedly to avoid paying significantly more in US taxes after the Facebook IPO. Singapore has no capital gains taxes and the U.S. does not impose capital gains tax on the U.S. investments of non-resident aliens.