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Eduardo Saverin

Brazilian entrepreneur and angel investor. co-founder of Facebook

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]

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 37)
ResidenceSingapore
CitizenshipBrazil[1][2]
United States (1998–2011)
EducationHarvard University (B.A., Economics, 2006)
Known forCo-founder of Facebook
Net worthIncrease US $10.3 billion (November 2017)[3]
Spouse(s)Elaine Andriejanssen (m. 2015)
Websitewww.facebook.com/saverin

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]

ReferencesEdit

  1. Kucera, Danielle; Harper, Christine; Drucker, Jesse (May 12, 2015). "Facebook Co-Founder May Gain Choosing Singapore Over U.S." Bloomberg. Retrieved May 14, 2015. Saverin still does hold Brazilian citizenship, Goodman said.
  2. "Saverin 'has no plans to become S'pore citizen'" (PDF). Today. May 17, 2012. Archived from the original (PDF) on May 26, 2013. Retrieved May 17, 2012. Cite uses deprecated parameter |deadurl= (help)
  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. (February 25, 2005). "Business, Casual". The Harvard Crimson. Retrieved May 11, 2011.
  6. "America's Youngest Billionaires". Forbes. October 6, 2010.
  7. 7.0 7.1 Kucera, Danielle; Vallikappen, Sanat; Harper, Christine (May 11, 2012). "Facebook Co-Founder Saverin Gives Up U.S. Citizenship Before IPO". Bloomberg L.P. Retrieved May 11, 2012.
  8. Mezrich, Ben. The Accidental Billionaires. Doubleday. ISBN 978-0-385-52937-2.
  9. Eduardo Saverin (May 17, 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 July 6, 2017.
  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 (May 23, 2012). "In Praise Of Eduardo Saverin's Tax Avoidance". Forbes. Retrieved February 9, 2016.
  14. "So How Much Did He Really Save?". Wall Street Journal. May 18, 2012. Retrieved February 9, 2016.
  15. David Benoit (May 17, 2012). "Facebook Co-Founder Saverin Fires Back At 'Misinformation'".
  16. McCormick, Jason (July 11, 2012). "5 citizens who left the United States to avoid paying tax". CBS News. Retrieved June 17, 2014.
  17. Worstall, Tim (May 12, 2012). "IPO Will Increase, Not Reduce, His Tax Bill". Forbes. Retrieved May 12, 2012.