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What is Eduardo Saverin’s Net Worth?
Eduardo Saverin, a Brazilian-born entrepreneur and venture capitalist, is best known for co-founding Facebook alongside Mark Zuckerberg. Saverin’s net worth is estimated to be approximately $27.6 billion, making him one of the wealthiest individuals globally and the richest person in Singapore. His wealth primarily stems from his early investment in Facebook, where he provided the initial seed funding and held a significant stake in the company during its formative years.
Despite a legal dispute with Zuckerberg that resulted in the dilution of his shares, Saverin’s remaining stake in Facebook, now Meta Platforms Inc., has appreciated significantly over the years.
In addition to his holdings in Meta, Saverin has diversified his investments through his venture capital firm, B Capital Group, which he co-founded in 2015. The firm focuses on investing in technology startups across various sectors, further contributing to his net worth.
Saverin’s wealth has seen considerable growth over the years. For instance, his net worth was reported to be $19 billion in 2023, which increased to $27.6 billion by 2024, reflecting the successful performance of his investments and the rising value of his Meta shares.
Here’s the breakdown of Eduardo Saverin’s net worth:
Name: | Eduardo Saverin |
Net Worth: | $27.6 Billion |
Date of Birth: | Mar 19, 1982 |
Profession: | Businessperson, Entrepreneur |
If you’re curious about how we estimate a celebrity’s net worth, you can check out our methodology here.
Early Life
Eduardo Luiz Saverin was born on March 19, 1982, in São Paulo, Brazil, into a wealthy Jewish-Brazilian family. His father, Roberto Saverin, was a successful businessman involved in various industries, including clothing, shipping, energy, and real estate, while his mother, Sandra, was a psychologist. Eduardo’s grandfather, Eugenio Saverin, founded Tip Top, a popular children’s clothing chain in Brazil, which contributed to the family’s affluence.
In 1993, the Saverin family immigrated to the United States, settling in Miami, Florida, after Eduardo’s name appeared on a kidnapping gang’s victims list in Brazil. This move was driven by both safety concerns and the desire for better opportunities. Eduardo attended Gulliver Preparatory School in Miami, where he excelled academically and developed an early interest in finance and business.
Saverin continued to study in Harvard University, where he graduated magna cum laude with a Bachelor of Arts in Economics in 2006. During his time at Harvard, he was highly active in various student organizations. He was a member of the Phoenix S.K. Club, the president of the Harvard Investment Association, and a member of the Alpha Epsilon Pi fraternity.
His entrepreneurial spirit was evident early on; he used his knowledge of meteorology to predict hurricane patterns and made $300,000 by trading oil futures, taking advantage of Brazil’s lax insider trading regulations at the time.
It was at Harvard that Saverin met Mark Zuckerberg, a sophomore who shared his interest in creating a social networking platform. This meeting led to the co-founding of Facebook in 2004, with Saverin providing the initial seed funding and serving as the company’s first chief financial officer and business manager.
Despite the eventual legal disputes and his departure from Facebook, Saverin’s early contributions were crucial to the platform’s initial success.
Eduardo Saverin’s involvement with Facebook began during his junior year at Harvard University, where he met Mark Zuckerberg, a sophomore at the time. Recognizing the potential for a social networking platform dedicated to Harvard students, the two collaborated to launch “TheFacebook” in 2004.
Saverin played a crucial role in the early stages of the company, providing the initial seed funding of $15,000, which was essential for covering startup costs such as servers and other operational expenses. He served as Facebook’s first chief financial officer and business manager, helping to establish the company’s financial foundation.
Despite his significant contributions, Saverin’s relationship with Zuckerberg became strained over time. As Facebook began to grow rapidly, tensions arose regarding the direction of the company and Saverin’s role within it. This culminated in a legal battle that saw Saverin’s shares in the company diluted, leading to his eventual departure from Facebook.
However, the settlement of this dispute ensured that Saverin retained a substantial stake in the company, which has appreciated significantly over the years, contributing to his current net worth.
The dilution of Eduardo Saverin’s shares in Facebook is a well-documented and contentious part of the company’s history. Initially, Saverin owned approximately 30% of Facebook, but this changed dramatically as the company restructured and sought additional funding.
In 2005, Facebook transitioned from a Florida LLC to a Delaware corporation, a move that required the issuance of new shares. During this process, Saverin’s stake was reduced to around 24%.
The situation escalated when Zuckerberg and other Facebook executives issued millions of new shares to themselves and other investors, excluding Saverin. This action further diluted Saverin’s ownership to less than 10%, and eventually to a mere 0.03%.
Saverin responded by filing a lawsuit against Facebook, alleging that Zuckerberg had used company funds for personal expenses and had unfairly diluted his shares.
The legal battle was settled out of court, with Saverin receiving an undisclosed amount and retaining a significant, albeit reduced, stake in the company. This settlement affirmed his status as a co-founder of Facebook and ensured that he benefited from the company’s subsequent growth.
Other Ventures
After his departure from Facebook, Eduardo Saverin continued to build his wealth through various entrepreneurial and investment ventures. In 2015, he co-founded B Capital Group, a venture capital firm that focuses on investing in technology startups across multiple sectors, including healthcare, finance, and consumer services. The firm has grown significantly, managing billions of dollars in assets and investing in numerous high-growth companies.
Saverin’s investment portfolio extends beyond B Capital Group. He has invested in several early-stage startups, including the logistics company Ninja Van, the video-streaming application Denso, and the online payment system Netswipe. His strategic investments have not only diversified his income sources but also solidified his reputation as a savvy venture capitalist.
Personal Life
In 2009, Saverin relocated to Singapore, a move that would later see him renounce his U.S. citizenship in 2011, a decision that sparked considerable media attention due to the tax implications.
Saverin married Elaine Andriejanssen, an Indonesian national of Chinese descent, on June 25, 2015. The couple met while studying in Massachusetts—Saverin at Harvard and Andriejanssen at Tufts University. They have since settled in Singapore and have two children together.
Saverin’s move to Singapore and his subsequent investments in the region have solidified his status as the richest person in Singapore, with a net worth of approximately $27.6 billion as of 2024.
Today, Saverin continues to live in Singapore, where he remains actively engaged in the tech and investment sectors.
In addition to his business ventures, Saverin has also been involved in philanthropy, although specific details of his charitable activities are not extensively publicized.
Real Estate
In Singapore, where he has resided since 2009, Saverin has made several high-profile property acquisitions. One of his earliest purchases was a 5,000-square-foot penthouse at Orchard Residences, located atop the ION Orchard shopping center, which is the tallest building in the area.
In 2017, he acquired a 957-square-meter duplex penthouse in the Sculptura Ardmore condominium for approximately $60 million.
Saverin’s most notable real estate investment in Singapore is a two-acre property on Nassim Road, which he purchased for a record SGD 230 million (approximately USD 167 million) in 2019. This property, known for its exclusivity and luxury, features a two-story bungalow, a pool, a tennis court, and extensive grounds.
In addition to his properties in Singapore, Saverin has also invested in real estate in other parts of the world. For instance, he owns a mansion in São Paulo, Brazil, and a property in Los Angeles, California.
Ashley Roberts is the founder of Real-Time Billionaires List. She founded this platform because she likes to know how much celebrities are actually making. She is always curious why these people can make much more money than the ordinary person.
With a Bachelor’s degree in finance, she is skilled at financial analysis and understands numbers related to wealth. Most of the articles on this site are edited by herself before publishing.
