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Eduardo Saverin Net Worth

What is Eduardo Saverin Net Worth ?

Eduardo Luiz Saverin is a Brazilian-American entrepreneur and angel investor.

He is one of the co-founders of Facebook.

Eduardo Saverin Net Worth in 2020 is $16.2 billion

Eduardo Saverin profile

Eduardo Luiz Saverin was born in the city of São Paulo to a wealthy Jewish Brazilian family, and his family later moved to Rio de Janeiro.

His father, Roberto Saverin, was a businessman working in clothing, shipping, energy, and real estate. His mother, Sandra, was a psychologist.

 In 1993, the family migrated to the U.S., settling in Miami

Saverin attended Gulliver Preparatory School in Miami. He then attended Harvard University, where he was a resident of Eliot House, a member of the Phoenix S.K. Club, and president of the Harvard Investment Association. While an undergraduate at Harvard.

In 2006, he graduated magna cum laude from Harvard University with a Bachelor of Arts in economics.

Career

During his junior year at Harvard, Saverin met fellow Harvard undergraduate, sophomore Mark Zuckerberg. Noting the lack of a dedicated social networking website for Harvard students, the two worked together to launch The Facebook in 2004.

They each agreed to invest $1,000 in the site. Later, Zuckerberg and Saverin each agreed to invest another $18,000 in the operation

Eduardo Saverin Net Worth

Eduardo Saverin Net Worth
Mark Zukerberg(left) and Eduardo Saverin (right)

As co-founder, Saverin held the role of chief financial officer and business manager

On May 15, 2012, an exclusive email from Zuckerberg detailed how he cut Saverin from Facebook and diluted his stake.

Zuckerberg privately stated at the time, “Eduardo is refusing to co-operate at all… We basically now need to sign over our intellectual property to a new company and just take the lawsuit… I’m just going to cut him out and then settle with him. And he’ll get something I’m sure, but he deserves something..

Read Top 10 Richest People in the World

Saverin then filed a suit against Zuckerberg, alleging Zuckerberg spent Facebook’s money (Saverin’s money) on personal expenses over the summer. In 2009, both suits were settled out of court. Terms of the settlement were not disclosed and the company affirmed Saverin’s title as co-founder of Facebook. Saverin signed a non-disclosure contract after the settlement.

Eduardo Saverin Net Worth

Saverin co-founded Aporta, an online portal for charity.  In 2015, Saverin established his venture capital firm, B Capital, investing in Southeast Asia and India. In 2016, Saverin’s fund closed initial deals of over $140 million in Asia, including $30 million in regional logistics startup Ninja Van.

Eduardo Saverin Net Worth is $16.2 billion.