Where is Facebook co-founder Eduardo Saverin now? The Brazilian billionaire still owns a stake in Meta and is Singapore’s richest man, having grown his wealth to US$19.6 billion … but how?
- Eduardo Saverin invested US$15,000 in Facebook, then was infamously booted from the venture by Mark Zuckerberg, which was depicted in The Social Network starring Jesse Eisenberg and Andrew Garfield
- The Brazil-born billionaire has co-founded a number of successful business ventures, including Aporta and B Capital, and invested in several luxury properties
Saverin’s fallout with Zuckerberg and his later departure from the company inspired a storyline in The Social Network, a film depicting a partially fictionalised version of the early years of Facebook, in which Andrew Garfield plays Saverin.
But these days, Singapore-based Saverin looks back at his journey with pride and gratitude.
“As a 21-year-old college student, I made the first seed investment into Facebook with the majority of my life savings. I am thankful and humbled to have played a part in Facebook’s remarkable transition from a then one-college-specific social network to the most ubiquitous social utility in the world today,” he wrote on his LinkedIn.
After suing Facebook and reaching a settlement with terms that have never been disclosed, Saverin reportedly owns a two per cent stake in the company. Of course, as the company now known as Meta Platforms increases in value, so does Saverin’s bank account.
Here’s what the Facebook co-founder is up to these days.
