Eduardo Saverin

Eduardo Saverin
Eduardo Saverin CHINICT.JPG
Saverin at the CHINICT conference
on May 25, 2012
Born Eduardo Luiz Saverin
(1982-03-19) 19 March 1982 (age 35)
São Paulo, Brazil
Residence Singapore
Citizenship Brazil[1][2]
United States (1998–2011)
Alma mater Harvard University (B.A., Economics, 2006)
Known for Co-founder of Facebook
Net worth Decrease US $9.9 billion[3]
Spouse(s) Elaine Andriejanssen (m. 2015)

Eduardo Luiz Saverin[4][5][6] (/ˈsævərɪn/; Portuguese: [eduˈaɾdu luˈis ˈsaveɾĩ]; born March 19, 1982) is a Brazilian Internet entrepreneur and angel investor.[7] Saverin is one of the co-founders of Facebook.[8] As of 2012, he owns 53 million Facebook shares[9] (approximately 0.4% of all outstanding shares) and has a net worth of $9.9 billion,[10] according to Forbes. He also invested in early-stage startups such as Qwiki[11] and Jumio.[12]

In what was seen by some as a move to avoid U.S. taxes, Saverin renounced his U.S. citizenship in September 2011.[13][14] According to Saverin, he renounced his citizenship because of his "interest in working and living in Singapore" where he has been since 2009.[15] He avoided an estimated $700 million in capital gains taxes; this generated some media attention and controversy.[7][16][17] Saverin denies that he left the U.S. to avoid paying taxes.[13]

  1. ^ Kucera, Danielle; Harper, Christine; Drucker, Jesse (12 May 2015). "Facebook Co-Founder May Gain Choosing Singapore Over U.S." Bloomberg. Retrieved 14 May 2015. Saverin still does hold Brazilian citizenship, Goodman said. 
  2. ^ "Saverin 'has no plans to become S'pore citizen'" (PDF). Today. 2012-05-17. Archived from the original (PDF) on May 26, 2013. Retrieved 2012-05-17. 
  3. ^ "Eduardo Saverin Net Worth". Forbes. 
  4. ^ Internal Revenue Service (2012). "Quarterly Publication of Individuals, Who Have Chosen to Expatriate, as Required by Section 6039G". Federal Register. 
  5. ^ Feeney, Kevin J. (25 February 2005). "Business, Casual". The Harvard Crimson. Retrieved 11 May 2011. 
  6. ^ "America's Youngest Billionaires". Forbes. October 6, 2010. 
  7. ^ a b Kucera, Danielle; Vallikappen, Sanat; Harper, Christine (2012-05-11). "Facebook Co-Founder Saverin Gives Up U.S. Citizenship Before IPO". Bloomberg L.P. Retrieved 2012-05-11. 
  8. ^ Cite error: The named reference Accidental Billionaires was invoked but never defined (see the help page).
  9. ^ Eduardo Saverin (17 May 2012). "UNITED STATES SECURITIES AND EXCHANGE COMMISSION INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES - Eduardo Saverin". U.S. Securities and Exchange Commission. 
  10. ^ "The World's Billionaires 2017". Forbes. Retrieved 2018-02-09. 
  11. ^ Bosker, Bianca, "Facebook Co-Founder Eduardo Saverin Invests In Qwiki"
  12. ^ Wauters, Robin, "Exclusive: Facebook Co-Founder Eduardo Saverin Leads $6.5M Round For Jumio", TechCrunch, Thursday, March 17, 2011
  13. ^ a b Mathews, Merrill (23 May 2012). "In Praise Of Eduardo Saverin's Tax Avoidance". Forbes. Retrieved 9 February 2016. 
  14. ^ "So How Much Did He Really Save?". Wall Street Journal. 18 May 2012. Retrieved 9 February 2016. 
  15. ^ David Benoit (17 May 2012). "Facebook Co-Founder Saverin Fires Back At 'Misinformation'". 
  16. ^ McCormick, Jason (11 July 2012). "5 citizens who left the United States to avoid paying tax". CBS News. Retrieved 17 June 2014. 
  17. ^ Worstall, Tim (May 12, 2012). "IPO Will Increase, Not Reduce, His Tax Bill". Forbes. Retrieved May 12, 2012. 

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