Eduardo Luiz Saverin [edu'a? du lu'is' save ??] ; born March 19, 1982) is a Brazilian internet entrepreneur and angel investor. Saverin is one of the founders of Facebook. By 2018, it has 53 million shares of Facebook (about 0.4% of all shares outstanding) and has a net worth of $ 11.1 billion, according to Forbes . He also invested in early startup startups like Qwiki and Jumio.
In what some see as a move to avoid US taxes, Saverin abandoned US citizenship in September 2011. According to Saverin, he renounced his citizenship for "his interest in working and living in Singapore" where he has since 2009. He avoided about $ 700 million in capital gains tax; this generated some media attention and controversy. Saverin denied that he left the US to avoid paying taxes.
Video Eduardo Saverin
Early life and education
Eduardo Saverin was born in the city of Sao Paulo, capital of the State of Sao Paulo, Brazil, to a wealthy Jewish family from Brazil, and his family then moved to the capital of the State of Rio de Janeiro, Rio de Janeiro. Saverin's father, Roberto Saverin, is an entrepreneur working in clothing, shipping, and real estate. His mother, Sandra, is a psychologist and she has two siblings. His Romanian-born grandfather, Eugenio Saverin (born Eugen Saverin), is the founder of Tip Top, a chain of children's clothing stores. In 1993, the family immigrated to the US, settling in Miami.
Saverin attends Gulliver Preparatory School in Miami. He then attended Harvard University, where he was a resident of Eliot House, a member of Phoenix S.K. Club, and president of the Harvard Investment Association. While a scholar at Harvard, Saverin takes advantage of insider trading rules and makes $ 300,000 through strategic investments in the oil industry. In 2006, Saverin graduated magna cum laude from Harvard University with a bachelor's degree in economics. He is a member of the fraternity of Alpha Epsilon Pi (Eta Psi chapter of Harvard University).
Maps Eduardo Saverin
Careers
During his first year at Harvard, Saverin met his fellow Harvard students, sophomore Mark Zuckerberg. Noting the lack of a dedicated social networking site for Harvard students, the two worked together to launch The Facebook in 2004. As one of the founders, Saverin assumed the role of chief financial officer and business manager. On May 15, 2012, Business Insider obtained and released an exclusive email from Zuckerberg detailing how he cut Saverin from Facebook and reduced his stake. The Facebook suit filed against Saverin and the suit filed by Saverin against Facebook was settled out of court. The terms of the settlement were not disclosed and the company confirmed the title of Saverin as one of the founders of Facebook. Saverin signed a non-disclosure contract upon completion.
In 2010, Saverin founded Aporta, an online portal for charity.
In 2016, the Saverin fund closed its initial deal of more than $ 140 million in Asia, including $ 30 million in regional and new logistics startups, Ninja Van.
In-media depictions
The 2010 film The Social Network describes the relationship between Saverin and Zuckerberg from their Facebook creation of the legal action of Saverin against Zuckerberg. Actor Andrew Garfield's actor of Saverin was met with critical acclaim, receiving nominations such as the Golden Globe Award for Best Supporting Actor - Motion Picture and BAFTA Award for Best Actor in Supporting Role.
Personal life
Saverin meets Elaine Andriejanssen, an Indonesian Chinese woman who was educated at Raffles Girls School and comes from a family that runs several businesses in Indonesia. On March 27, 2014, they got engaged and married on June 25, 2015, in the French Riviera.
Disapproval of US citizenship
Saverin has lived in Singapore since 2009. Saverin became a US citizen in 1998 and renounced US citizenship in 2011 for "his interest in working and living in Singapore"; he also reduced the capital gain tax he would pay after Facebook's IPO. The Wall Street Journal estimates tax savings of more than $ 700 million.
After releasing US citizenship, Saverin had to pay an expatriate tax equivalent to a 15% capital gain tax with the market value of its ownership stake marked at ~ $ 50/share ÃÆ'â € "53 million shares.
In response, US Senator Chuck Schumer introduced the Ex-PATRIOT Act, which would impose additional taxes on former US citizens, but the bill died on committees. Since 1996, Reed Amendment has made former citizens unacceptable to the United States if the Attorney General decides that they are relinquishing citizenship to avoid taxation. However, it is difficult to enforce in practice. The Reed Amendment author, Jack Reed, wrote to Secretary of Homeland Security Janet Napolitano to urge that Saverin be banned from entering the US, but by 2015 he has not yet applied for a travel permit to re-enter the country.
References
Further reading
- Saverin, Eduardo, "Co-Founder of Facebook Speaking Publicly: What I Learned From Watching 'Social Networking'", CNBC, Friday, October 15, 2010.
External links
- Eduardo Saverin on Facebook
- Profile at Forbes
- Works based on or about Eduardo Saverin in the library (WorldCat catalog)
Source of the article : Wikipedia
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