Eduardo Saverin

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Eduardo Saverin
Eduardo Saverin CHINICT.JPG
Saverin at the CHINICT conference
on May 25, 2012
Born Eduardo Luiz Saverin
19 March 1982 (1982-03-19) (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 Increase US $10.3 billion (November 2017)[3]
Spouse(s) Elaine Andriejanssen (m. 2015)
Website www.facebook.com/saverin

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 2015, he owns 53 million Facebook shares[9] (approximately 0.4% of all outstanding shares) and has a net worth of $10.3 billion,[10] according to Forbes. He has 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 (gave up) 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]

References[change | change source]

  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. 7.0 7.1 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. Mezrich, Ben. The Accidental Billionaires. Doubleday. ISBN 978-0-385-52937-2. 
  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 2017-07-06. 
  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. 13.0 13.1 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.