Do you know Eduardo Saverin? If not, he is the co-founder of Facebook alongside Mark Zuckerberg. Interestingly, he might not be as famous as Mark Zuckerberg but he has a billion-dollar financial empire that adds him to the Forbes list of 50 billionaires of the world. Currently, Eduardo Severin's net worth is estimated at 28 Billion USD which is why he is considered a titan in the entrepreneur world.
Moreover, in the ever-evolving world of angel investment, only a few names evoke as much intrigue and fascination as Eduardo Saverin. Apart from his contributions to transforming digital media and shaping the social media revolution, he also made forays into other strategic investments.
All those business endeavors and strategic partnerships propelled him into the world of billionaire status, solidifying his position as one of the prominent in the tech sector. In this article, we delve into the numbers and explore the story behind Eduardo's gigantic wealth.
Table of Contents
Quick Insights Into Eduardo Saverin's Personal Life
| Attributes | Details |
|---|---|
| Full Name | Eduardo Saverin |
| Age | 42 years |
| Birth Day | March 19, 1982 |
| Birth Place | São Paulo |
| Height | 5 ft 9 In (1.77m) |
| Spouse | Elaine Andriejanssen |
| Children | 2: Isabella, Arthur |
| Nationality | Brazilian |
| Zodiac Sign | Pisces |
| Source of Wealth | Facebook Stakes & Business Ventures |
| Profession | Entrepreneur & Venture Capitalist |
| Net Worth | $28 Billion |
A Glance At Eduardo Saverin's Early Life & Career Beginnings
Eduardo Luiz Saverin was born on March 19, 1982, in São Paulo, Brazil. He was born to a wealthy Jewish family; his father, Roberto Saverin, was running three businesses in the clothing, shipping, and real estate industries. His mother, Sandra, was a psychologist. His grandfather was the founder of the children's clothing line chain, Tip Top. Eduardo's family emigrated to the United States in 1993, settling in Miami, Florida, after his name popped up on a list of kidnapping victims by gangs who kidnapped children for money.
After moving to Miami, he went to Gulliver Preparatory School. After completing his basic education, he went to Harvard University. At Harvard University, he took part in many programs including member of the Alpha Epsilon Pi fraternity and Phoneix S.K Club. While an undergraduate at Harvard, he used his meteorology knowledge to forecast hurricanes and earned $300,000 by investing in oil futures.
Journey Of Launching Facebook
Eduardo Saverin launched Facebook with his Harvard classmate, Mark Zuckerberg who later ousted him. Mark met with Eduardo in his junior year when he was already hired by the Winklevoss twins to build a social network called the Harvard Connection. The Internet womb decided to build a web version of the physical book that he distributed to all students in their freshman years. The book was called Facebook, and he showed a photo with some basic biographical information.
Mark was not rich and needed funds to start this project. Later, he approached Eduardo in 2003 and shared the idea for TheFacebook.com. Eduardo supported the idea and funded money to buy servers and set up a place for working. TheFacebook.com came live in February 2004. Eduardo Severin as the co-founder, got the role of chief financial officer and business manager.
Eduardo is one of the four founders of Meta, formerly Facebook, including Mark Zuckerberg, Dustin Moskovitz, and Chris Huges. After the launch of Facebook, Severin moved to New York City for an internship with Lehman Brothers, meanwhile, Mark Zuckerberg went to Palo Alto to work on “Facebook.com”. At that time, Eduardo owned 34% of Facebook.
However, that summer, Mark And Eduardo's friendship saw a deterioration. Mark became frustrated that Edaurdo did not take the route to Palo Alto; instead, he remained in New York to work on some other projects. The friendship completely deteriorated after Mark realized Eduardo was running unauthorized Facebook advertising for a job website he made on his own, Joboozle.
All these clashes made Eduardo upset and he started to feel excluded from the company. He seemed to be irritated with Mark's business decisions, and in protest, he suspended all Facebook bank accounts. In response to this activity, Mark used a subtle kind of corporate sabotage to limit his influence on Facebook.
Meanwhile, at that time, Facebook had inked an investment deal of $500,000 investment for 9% from Peter Thiel. Before, accepting the payments, Facebook needed to create a new Delaware-based LLC to acquire the prior Florida-based firm. After this transaction, Eduardo's initial holding of 34% of the previous company went straight to 24% of the new company.
Seeing this discrepancy, Eduardo inked an agreement relinquishing his rights to Facebook's intellectual property and his 3 million prior “founder's shares”. After this event, Facebook distributed 9 million new shares to all the co-founders except Eduardo. This plumaged Saverin's stake to less than 10%.
Eduardo Saverin was obviously outraged when he found out and immediately filed a lawsuit. In response, Facebook also filed a lawsuit, claiming that Saverin's stock purchase agreements, which he signed in 2005, were illicit. In protest, Eduardo claimed that Zuckerberg used Facebook investment funds for personal expenses. Later, both lawsuits were settled, with Edaurdo gradually gaining ownership, significantly increasing to a larger stake in the company.
Moreover, by the time the fight ended, he owned 53 million shares of the company which were valued at $2 billion at that time. At the current time, it is equivalent to 2% of Meta's overall shares worth $13 billion.
Other Significant Ventures
Apart from co-founding Facebook, currently Meta Platforms, he established a Venture Capital firm, B Capital, with his colleague Raj Ganguly, who worked as Vice President at Bain Capital in 2015. These two founders, along with three other partners, managed more than $1 billion and two funds in four offices and two funds.
Later, in 2016, Saverin's fund acquired $140 million in initial deals in Asia including $30 million in regional logistics firm Ninja Van. He also invested in his friend Andrew Singapore-based Anideo. This venture created Denso, a video-streaming application that aimed at content selection based on a user's preferences. In 2023, the firm controlled assets of more than $5.5 billion.
Additionally, he also funded and invested in early-stage startups. Some of them are Shopsavvy, Qwiki, Jumio, and Aporta. In July 2022, B Capital Group, his venture capital group raised over $250 million to invest in early-stage startups.
Calculating The Overall Net Worth Of Eduardo Saverin
Forbes estimated the net worth of Eduardo Saverin at $28 billion which is mainly tied to Facebook's stakes. He also holds other assets and business ventures which contributed to his eye-watering net worth.
Facebook Shares Value
According to FourWeekMBA, Saverin's Facebook shares calculation is based on his Class A and Class B shares in the company. According to the latest financial data and a Market Cap of $412.69 billion, Saverin holds 7,535,009 Class A shares and 45,928,139 Class B shares on Facebook. According to the site, each share valued to be at $195.53 totaling $1,473,074,810 Class A Shares and $8,976,934,853 Class B shares.
Average Earning
Below is the numerical representation of his daily, monthly, and yearly earnings.
| Annual | $3,600,000,000 |
| Monthly | $300,000,000 |
| Weekly | $69,230,769 |
| Daily | $13,846,153 |
Eduardo's Net Worth Over The Years
The table represents Eduardo's worth milestones over the year:
| Years | Net Worth |
|---|---|
| 2015 | $4.8 billion |
| 2016 | $6.2 billion |
| 2017 | $7.9 billion |
| 2018 | $10.1 billion |
| 2019 | $9.7 billion |
| 2020 | $8.4 billion |
| 2021 | $14.6 billion |
| 2022 | $10.6 billion |
| 2023 | $10.2 billion |
| 2024 | $28 billion |
Real Estate Endeavors
Eduardo Saverin has a significant investment in real estate which further boosted his net worth. He purchased a two-acre home in Singapore for $167 million. The house is located in the most expensive location and consists of a tennis court, a pool, and a yard. Moreover, he also owned a penthouse in Singapore's tallest residential building. The price of it is not listed yet but it is worth millions.
Eduardo Severin's Net Worth In Coming Years
Looking at his past endeavours, it is difficult to speculate his net worth trajectory. His net worth took the biggest turn this year, from which it is somehow evident that has the potential to grow in the future. Depending on his success as a venture capitalist and minor but significant ownership in Facebook, his net worth is likely to boost in the future. He has made strategic investments in numerous companies over the years, which can significantly impact his net worth depending on success or failure.
Moreover, he can explore other opportunities in real estate, technology startups, and other opportunities that will help him grow his income streams, contributing significantly to his overall wealth. On the other hand, changes in market trends will likely influence the value of his assets, predominantly in the tech sector. Likewise, there are also inherent risks associated with investments and entrepreneurial businesses, which could lead to fluctuations or declines in his fortune.
Risk and profits are the inherent part of business and every entrepreneur knows it. Eduardo Saverin's net worth will continue to boost over time based on his investment decisions, business deals, and strategic thinking. It could go in any direction and let's see what the future holds for him.
Frequently Asked Questions
Who Are The Five Founders Of Facebook?
Mark Zuckerberg, along with his four Harvard University students, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Huges, discovered Facebook.
Is Eduardo Saverin Married?
Yes. Eduardo married an Indonesian national of Chinese descent, Elaine Andriejanseen in June 2015 after immigrating to Singapore.
What Is The Net Worth Of The Founder Of Facebook?
Mark Zuckerberg's net worth stands at $176 billion. The tech mogul is the world's fourth richest man on the Bloomberg billionaire list.
Conclusion
Eduardo Saverin, a venture capitalist and most known as the Facebook co-founder has a net worth of $28 billion. He co-founded Facebook along with Mark Zuckerberg and was eventually ousted from it. Currently, he owns a minor portion of Facebook yet a significant one. Apart from co-founding Facebook, he is the owner of B Capital, a venture capital firm that handled almost $5.5 billion in assets in the last fiscal year.
Looking ahead, his financial trajectory will continue to be influenced by several factors including the success of his ventures and personal choices. As he continues to make strategic investments and keenly follow his entrepreneurial spirit his financial standing will remain notable in coming years.
