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Eduardo 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]

Eduardo Saverin
Eduardo Saverin CHINICT.JPG
Saverin at the CHINICT conference
on May 25, 2012
Born
Eduardo Luiz Saverin

(1982-03-19) March 19, 1982 (age 42)
São Paulo, Brazil
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]

References

  1. ↑ Kucera, Danielle; Harper, Christine; Drucker, Jesse (May 12, 2015). "Facebook Co-Founder May Gain Choosing Singapore Over U.S.". Bloomberg. https://www.bloomberg.com/news/2012-05-12/facebook-co-founder-may-gain-choosing-singapore-over-u-s-.html. Retrieved May 14, 2015. "Saverin still does hold Brazilian citizenship, Goodman said.". 
  2. ↑ "Saverin 'has no plans to become S'pore citizen'". Today. May 17, 2012. http://imcmsimages.mediacorp.sg/CMSFileserver/documents/006/PDF/20120517/1705HNP008.pdf. 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. https://www.federalregister.gov/articles/2012/04/30/2012-10274/quarterly-publication-of-individuals-who-have-chosen-to-expatriate. 
  5. ↑ Feeney, Kevin J. (February 25, 2005). "Business, Casual". The Harvard Crimson. http://www.thecrimson.com/article/2005/2/24/business-casual-a-year-ago-mark/. Retrieved May 11, 2011. 
  6. ↑ "America's Youngest Billionaires". Forbes. October 6, 2010. https://www.forbes.com/2010/10/06/americas-youngest-billionaires-business-young-billionaires.html. 
  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.. https://www.bloomberg.com/news/2012-05-11/facebook-co-founder-saverin-gives-up-u-s-citizenship-before-ipo.html. Retrieved 2012-05-11. 
  8. ↑ Mezrich, Ben (2009). 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. https://www.forbes.com/sites/merrillmatthews/2012/05/23/in-praise-of-eduardo-saverins-tax-avoidance/#63b75b651ade. Retrieved February 9, 2016. 
  14. ↑ So How Much Did He Really Save?. May 18, 2012. https://www.wsj.com/articles/SB10001424052702303360504577410571011995562. Retrieved February 9, 2016. 
  15. ↑ David Benoit (May 17, 2012). Facebook Co-Founder Saverin Fires Back At 'Misinformation'. https://blogs.wsj.com/deals/2012/05/17/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. http://www.cbsnews.com/media/5-citizens-who-left-the-us-to-avoid-paying-tax/. Retrieved June 17, 2014. 
  17. ↑ Worstall, Tim (May 12, 2012). "IPO Will Increase, Not Reduce, His Tax Bill". Forbes. https://www.forbes.com/sites/timworstall/2012/05/12/saverins-citizenship-renunciation-before-facebook-ipo-will-increase-not-reduce-his-tax-bill/. Retrieved May 12, 2012. 
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