Eduardo Saverin Net Worth: Success Of Investment Intelligence
Eduardo Saverin is an Internet entrepreneur, one of the shadowy co-founders of Facebook. Today, with a fortune of $10 billion, he is one of the 25 richest tech moguls in the world.
Beginning of success
Eduardo Saverin was born on March 13, 1982, in Sao Paulo, Brazil, to a wealthy family. They moved to the United States in 1993 and settled in Miami, Florida.
There Eduardo went to a private school. After graduation, he was admitted to the economics department of Harvard University. The son of wealthy Jews proved to be not only a successful student but also showed his leadership and entrepreneurial qualities.
Eduardo received his bachelor’s degree with honors. During his time at Harvard, he was a member of the Phoenix Club and the Alpha Epsilon Pi fraternity. He also chaired the Harvard Investment Association. During his college years, Saverin was involved in investing in the oil industry, which earned him $300,000 in income.
Criticism and Сreation of А Нuge Facebook Empire From Scratch
While studying at university, Saverin met Mark Zuckerberg. AIn the second year of study, they created their joint project, The Facebook. Saverin was the main investor and commercial director of the startup.
In the summer of 2004, Saverin left for an internship in New York, while Mark stayed behind to develop his brainchild. Subsequently, Eduardo distanced himself from Zuckerberg, and through the latter’s efforts, his share in the company’s authorized capital was reduced from 34% to 0.03% in April 2005.
Saverin filed a lawsuit, and in January 2009, the court confirmed his right to 5% of the company. On March 10, 2013, Eduardo Saverin was named one of Forbes’ Top 10 youngest billionaires.
His achievements as an investor have contributed to his current level of wealth. To avoid paying taxes, he renounced his American citizenship in 2011. Like many other rich programmers, he has invested in technology startups such as Crowdmob, an app promoter site, ShopSavvy, Qwiki, and Jumio.
It was his investment in Facebook and other platforms that turned him into a billionaire. “And this is just the beginning,” — Saverin says in his interview with Forbes.
The current life of the richest developer
Since 2009, Saverin has been living in Singapore and continues to study and teach other people about investment literacy. As a smart and prudent businessman, he does not plan his investments in advance but follows the market situation in detail.
At the moment, Eduardo Saverin is engaged in investments in Internet startups. He tries to invest in the development of information technologies not only for American companies but also for Brazilian ones. And this is because he comes from this country and considers himself connected with it.
Mistakes worth learning from
Eduardo Saverin himself lives by the principle that you can make mistakes all the time. But it is very important to learn from them immediately, as well as ask for forgiveness from those affected by them. And the most important thing is to try never to repeat them again.
Meanwhile, Eduardo remains the richest man in Singapore. According to data for 2017, his fortune reached $10 billion.