GO
Loading...

Eduardo Saverin: Facebook IPO

Eduardo Saverin, Facebook IPO
Eduardo Saverin, Facebook IPO

Saverin is one of the original co-founders of Facebook. Born in Brazil and raised in Miami, Saverin was a classmate of Zuckerberg's at Harvard. Saverin reportedly provided early seed money to the fledgling social network and became its first chief financial officer. As the company grew rapidly, Saverin's involvement diminished and his shares—at one point apparently about a third of the company—were heavily diluted. Those actions led to a lawsuit that was settled out of court, leaving Saverin with a five percent stake and the right to have his name listed among Facebook's co-founders.

Since leaving Facebook, Saverin has invested in startups, including Qwiki, Jumio and ShopSavvy. Saverin moved to Singapore in 2010.

Born: March 13, 1982, Sao Paolo, Brazil
Lives: Singapore
Education: Harvard University, B.A.

Relationship to Facebook

Facebook's S-1 filing doesn't list Saverin as a five percent shareholder, suggesting that he's already sold a chunk of his shares. Probably seemed like a good idea at the time. Then again, if reports that put his stake at 2.5 percent are correct, his cut will be worth more than $1.5 billion.

Career Profile

Current Occupation: Independent investor
Former Companies: Facebook

Featured

Contact Business

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More