Eduardo Saverin Success Story
Eduardo Saverin is the new-age internet entrepreneur and investor who came into spotlight as one of the five co-founders of the social media phenomenon known as Facebook, along with Dustin Moskovitz, Chris Hughes, Andrew McCollumand the creator Mark Zuckerberg. With the net worth of $5.9 billion comprising of a colossal 53 million Facebook shares he is one of the front runners in the internet entrepreneurial field.
Hailing from a rich and affluent Jewish family in Brazil, Eduardo was one of the three children.Born to his father Roberto Saverin, an industrialist working in clothing, shipping and real estate and his mother Paula, a psychologist in Sao Paulo, little was known about the oncoming business genius in the making. The entrepreneurial roots, however, can traced back in his family to his Romanian-born grandfather, Eugenio Saverin who founded Tip Top, a chain of kids wear retail shops.
The family initially moved from Sao Paulo to Rio de Janerio before finally settling down in Miami, Florida by emigrating to US in the year 1993.
Saverian completed his primary education from the Gulliver Preparatory School, Miami and went to pursue his undergraduate degree from one of the Ivy League colleges, Harvard where he was a member of the Phoenix S.K. club and the president of the Harvard Investment Association. He is the member of the Alpha Epsilon Pi Fraternity (chapter of the Harvard University).He made $300,000 by taking advantage of the Brazil’s lax insider trading regulation and shrewd investments in the oil industry while still an undergrad. He graduated magna cum laude from Harvard University with a bachelor’s degree in economics in the year 2006.
Saverianresurfaced again to the public attention with the silver screen adaptation of the process of the inception to the transition of Facebook in the film, The Social Network. The site isthe most prominent social utility in the technological world today, empowering more than 1 billion people of all age groups, geographies, languages and cultural affinities to make the world a more tightly knit and connected place.
The movie sheds light on the effects of the meteoric rise of the social media site on the lives of the primary founders,especially Saverin’s current strained relationship with former college-mate and co-founder Mark Zuckerberg. He has also skirted trouble by renouncing his US citizenship and moving to Singapore, there by flouting an estimated $700 million in capital gains taxes.Saverin now invests cross-platform people-centric innovations with pan-global ambitions like the start-ups Qwiki and Jumio. He pursues his passion in chess and reading meteorology and is married to Elaine Andriejanssen. The couple tied the knot on June 25, 2015, in the French Riviera.
Eduardo Saverin on innovation since Facebook
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