There is no alternative to business to gain supermassive wealth. A small but wise investment will be able to return as a giant profit. Eduardo Saverin is a successful businessman who achieved tremendous financial through businesses. He took the world of business to the next lave. Today, we will discover Eduardo Saverin net worth and how he earns it.
Who is Eduardo Saverin?
Eduardo Saverin is a Brazilian entrepreneur. He is one of the Co-founders of the popular social media platform Facebook. Eduardo is the 102nd wealthiest person in the world. In 2012, he owned a total of 53 million Facebook shares valued at around $12 billion at that time. He is also an angel investor who provides capital to a business, including startups.
Short Bio of Eduardo Saverin
|Full Name||Eduardo Luiz Saverin|
|Birthdate||March 19, 1982 (age 41)|
|Birthplace||São Paulo, Brazil.|
|Height||5’ 8” (1.77 m)|
|Social Media||Instagram, Twitter|
|Net Worth||$10.8 billion|
Eduardo Saverin Net Worth
Eduardo Saverin’s net worth in 2023 is estimated to be $10.8 billion. Being a founder of a giant company is the main reason behind this massive net worth. Also, his investments in various businesses and start-ups made an influential impact on his net worth.
On March 19, 1982, Eduardo Saverin was born in São Paulo to a wealthy family. He has two siblings. His father, Roberto Saverin, was a businessman. He established various companies like clothing, shipping, energy, and real estate. Eduardo’s mother, Sandra Saverin, was a psychologist.
This Jewish-Brazilian family later moved to Rio de Janeiro. Eduardo’s grandfather Eugenio Saverin was Romanian-born and is the founder of a famous brand, Tip Top, a chain of children’s clothing shops. In 1993, Eduardo and his family immigrated to the U.S. and settled in Miami, Florida.
Eduardo started his high school at Gulliver Preparatory School in Miami. After completing high school graduation, he enrolled at Harvard University. There, he stayed at Eliot House and became a member of the Phoenix S.K. Club. Eduardo also became the president of the Harvard Investment Association.
During university time, Eduardo earned $300,000 via investment in oil futures. Eduardo graduated magna cum laude in 2006 from Harvard University with a BA degree in economics. Later, he joined the Alpha Epsilon Pi fraternity.
Sources Behind Eduardo Saverin Net Worth
Eduardo met Mark Zuckerberg at Harvard University. They developed an idea to build a social networking website. For this purpose, they worked together and launched started their project in 2003. They invested $2000 for creating a website. After that, for some further development, they again invested $18000 together.
In 2004, Eduardo and Zuckerberg launched their social media website, facebook.com. Six days after launching the website, it gained a huge number of visitors. Later, they added the user account feature, which made the site more popular. They started earning from the user accounts. People were more active on this website, which earned them massive traffic on their site.
Eduardo also added some promotional posts on this social media. This brought them some extra earnings. Those early earnings from Facebook allowed Eduardo to accumulate much wealth from the early beginning of his career.
Eduardo’s Facebook business underwent massive development in 2007. Facebook declared the launch of the Facebook Developer Platform that provides framework and software development. Those create applications that interact with core Facebook features. With this many features, people got attracted to this platform. Soon, it became the most active user site in the world.
Because of this success, many giant companies like SecondMarket Inc., Microsoft, and eBay invested hundreds of millions in this site. Currently, this site has approximately 2.94 billion active users. With this much popularity, Facebook generates a massive profit.
Also, Facebook started a new feature for Ads. This feature allows businesses to apply marketing strategies online. For this reason, many business start-ups or ventures gather on Facebook to publish their brands through Facebook ads. By this, Facebook gets more user traffic, which brings more earnings.
As Eduardo owns $5 billion valued stakes, he gets paid a large dividend on Facebook’s profit. These earnings from Facebook became one of the main sources of his net worth.
Eduardo invested in several companies. On 24 January 2011, he invested in a video production company called Qwiki. This company made $50 million in 2013. Later, he also invested in Jumio, an online mobile payments and identity verification company.
These companies run with success and earn massive profits every year. As a result, those investments return with a huge amount of profit. Earnings from those returns on investment significantly impacted his net worth.
On September 24, 2010, Eduardo made his film debut in The Social Network. This film went so much viral at that time. It successfully earned a total of $224.9 million with $184.9 million as profit. He was paid a high payment for his acting in this film, which eventually increased his net worth widely.
on March 27, 2014, Eduardo Saverin engaged with Elaine Andriejanssen, who is an Indonesian national of Chinese descent. They married on June 25, 2015. Eduardo and Andriejanssen first met during their university years. Andriejanssen was a student of the U.S. state of Massachusetts. She comes from a wealthy family. Her family has many large businesses in Indonesia.
Eduardo renounced his U.S. citizenship in 2011 to avoid his $700 million in capital gains taxes. But in the media, he announced that he rejected his citizenship because of his interest in working and living in Singapore. Eduardo also denied the accusation of leaving the U.S. to avoid paying taxes.
How did Eduardo Saverin get so rich?
Eduardo Saverin became rich by co-owning Facebook and investing in several giant businesses.
How much ownership does Eduardo Saverin have?
Eduardo Saverin owns a 2% stake in Facebook.
Is Eduardo Saverin a billionaire?
Yes, Eduardo Saverin is a billionaire by having 10.8 billion U.S. dollars.
How much money did Saverin get?
Currently, he owns around $5 billion valued share of Facebook, which brought a good amount of dividends for him.
Eduardo Saverin net worth is a result of his wise decisions and unique business strategies. His dedication and business ideas brought success to his ventures as well as to his financial state.