Eduardo Saverin Research Paper

duardo Luiz Saverin[4][5][6] (Portuguese pronunciation: [eduˈaɾdu luˈis ˈsaveɾĩ]) is a Brazilian internet entrepreneur andinvestor.[7] Saverin is one of five co-founders of Facebook, along with Mark Zuckerberg, Dustin Moskovitz, Chris Hughes, and Andrew McCollum.[8] As of 2012, he owns less than 5% of Facebook 's shares and has a net worth of $4.2 billion, according to Forbes. He also invests in early-stage startups such as Qwiki[9] and Jumio.[10]
Contents
[hide]
1 Family and early life
2 Education
3 Career
3.1 Facebook
3.2 Post-Facebook
4 Depictions in media
5 References
6 Further reading
7 External links
Family and early life[edit]
Eduardo Saverin was born in São Paulo, Brazil, to a wealthy Jewish Brazilian family,[11][12][13][14] and
his family later moved to Rio de Janeiro. Eduardo 's father, Roberto Saverin, was an industrialist working in export, clothing, shipping, and real estate.[15] His mother, Paula, was a psychologist and he has two siblings.[16] His Romanian-born grandfather, Eugenio Saverin, is the founder of Tip Top, a chain of kidswear retail shops.[17] In 1993, the family emigrated to the US, settling in Miami, Florida.[18]
Education[edit]
Saverin attended Gulliver Preparatory School in Miami, and went on to Harvard University, where he was a member of the Phoenix S.K. Club as well as president of the Harvard Investment Association. While an undergraduate at Harvard, Saverin took advantage of Brazil 's lax insider trading regulations and made $300,000 via strategic investments in the oil industry.[15][19][20] In 2006, Saverin graduated magna cum laude from Harvard University with a bachelor 's degree in economics. He is a member of the Alpha Epsilon Pi fraternity (Eta Psi chapter of Harvard University).
Career[edit]
Facebook[edit]
During his junior year at Harvard, Saverin met fellow Harvard undergraduate, sophomore Mark Zuckerberg. Noting the lack of a dedicated social networking website for Harvard students, the two worked together to launch The Facebook in 2004. As co-founder, Saverin held the role of chief financial officer and business manager.[21]
A lawsuit filed by Facebook against Saverin and a countersuit filed by Saverin against Facebook[clarification needed] were settled out of court. Though terms of the settlement were not disclosed, the company affirmed Saverin 's title as co-founder of Facebook. Saverin signed a non-disclosure contract after the settlement.[22]
Post-Facebook[edit]
Saverin has lived in Singapore since 2009.[23][24] In September 2011, he renounced his U.S. citizenship; the citizenship change was speculated to have been an attempt to reduce the capital gains taxes Saverin would have paid after the Facebook IPO.[25][7][26] The Wall Street Journal estimated the tax savings at over $700 million.[27] In response, Senator Chuck Schumer introduced the Ex-PATRIOT Act, which could have prevented Saverin from ever entering the U.S. again, but the bill died in committee.[28][29][30]
Depictions in media[edit]
The 2010 film The Social Network depicts the relationship between Saverin and Zuckerberg from their creation of Facebook to Saverin 's legal action against Zuckerberg. Actor Andrew Garfield 's portrayal of Saverin was met with critical acclaim, receiving nominations such as for the Golden Globe Award for Best Supporting Actor - Motion Picture and the BAFTA Award for Best Actor in a Supporting Role.[31]
References[edit]
1.
Jump up^ Kucera, Danielle; Harper, Christine; Drucker, Jesse (2012-05-12). "Facebook Co-Founder May Gain Choosing Singapore Over U.S.". Bloomberg News. Retrieved2012-05-14. Saverin still does hold Brazilian citizenship, Goodman said.
2. Jump up^ "Saverin 'has no plans to become S 'pore citizen '". Today. 2012-05-17. Retrieved 2012-05-17.
3. Jump up^ "Eduardo Saverin Net Worth"
4. Jump up^ Internal Revenue Service (30 April 2012). "Quarterly Publication of Individuals, Who Have Chosen to Expatriate, as Required by Section 6039G". Federal Register.
5. Jump up^ Feeney, Kevin J. (2005-02-25). "Business, Casual". The Harvard Crimson. Retrieved 2012-05-11.
6. Jump up^ "America 's Youngest Billionaires". Forbes. October 6, 2010.
7. ^ Jump up to:a b Kucera, Danielle; Vallikappen, Sanat; Harper, Christine (2012-05-11)."Facebook Co-Founder Saverin Gives Up U.S. Citizenship Before IPO".Bloomberg L.P. Retrieved 2012-05-11.
8. Jump up^ Mezrich, Ben. The Accidental Billionaires: The Founding of Facebook: A Tale of Sex, Money, Genius and Betrayal, 2009.[page needed]
9. Jump up^ Bosker, Bianca, "Facebook Co-Founder Eduardo Saverin Invests In Qwiki"
10. Jump up^ Wauters, Robin, "Exclusive: Facebook Co-Founder Eduardo Saverin Leads $6.5M Round For Jumio", TechCrunch, Thursday, March 17,
2011
11.
Jump up^ The Social Network: How Jewish is Facebook?, The Jewish Chronicle, Jennifer Lipman, October 14, 2010
12. Jump up^ The Accidental Billionaires, Ben Mezrich, Random House Inc, 2010
13. Jump up^ Zuckerberg: jovem, bilionário e... trapaceiro? Lucas Amorim, Info Exame, 20/08/2009
14. Jump up^ Zuckerberg teria passado para trás amigo brasileiro Gustavo Chacra, Estadao, estadao.com.br, Atualizado: 2/10/2010
15. ^ Jump up to:a b Tagiaroli, Guilherme; Ikeda, Ana (October 22, 2010). "Conheça Eduardo Saverin, o brasileiro que ajudou a fundar o Facebook". UOL (in Portuguese). Retrieved May 12, 2012.
16. Jump up^ http://www.forbes.com/sites/andersonantunes/2012/05/27/eduardo-saverin-finally-opens-up-no-hard-feelings-between-me-and-mark-zuckerberg/
17. Jump up^ http://www.forbes.com/sites/andersonantunes/2012/05/27/eduardo-saverin-finally-opens-up-no-hard-feelings-between-me-and-mark-zuckerberg/
18. Jump up^ Eduardo Saverin, o brasileiro do facebook conta sua
historia
19. Jump up^ The Truth Behind Facebook 's Founding is Finally Revealed
20. Jump up^ "A Facebook Tale: Founder Unfriends Pals on Way Up", NPR
21. Jump up^ Mezrich, The Accidental Billionaires.[page needed]
22. Jump up^ Carvalho dos Santos, Alexandre; Marcelo Rainho (October 2009). "A misteriosa história do brasileiro que fundou o Facebook". Superinteressante (in Portuguese) (São Paulo: Editora Abril) (270): 94–97. ISSN 0104-1789. OCLC 60743498.
23. Jump up^ Miguel Helft (January 20, 2011). "Facebook Co-Founder Backs Start-Up". New York Times. Retrieved August 10, 2011.
24. Jump up^ Lacy, Sarah, "Where in the World Is Eduardo Saverin? In Singapore Funding Facebook Games", TechCrunch, Thursday, October 28, 2010
25. Jump up^ McCormick, Jason (11 July 2012). "5 citizens who left the U.S. to avoid paying tax". CBS News. Retrieved 17 June 2014.
26. Jump up^ Worstall, Tim (May 12, 2012). "IPO Will Increase, Not Reduce, His Tax Bill".Forbes. Retrieved May 12, 2012.
27. Jump up^ "So How Much Did He Really Save?". Wall Street Journal. 2012-05-18. based on financial filings, experts say, it was likely tens of millions in income tax and far more in estate tax—at least $700 million at current values and tax rates.
28. Jump up^ Miller, Sunlen (2012-05-17). "Senators to Unveil the 'Ex-Patriot Act ' to Respond to Facebook 's Saverin 's Tax 'Scheme '". ABC News. Retrieved 2012-05-18.
29. Jump up^ With the Facebook IPO, missing Eduardo Saverin, Washington Post, May 18, 2012
30. Jump up^ "Bill Summary & Status, 112th Congress (2011 - 2012): S.3205". THOMAS. 2012-05-18. Retrieved 2012-05-21.
31. Jump up^ Singh, Anita (2011-01-18). "Andrew Garfield: Famous? I just don 't have the time ...". The Telegraph. Retrieved 2012-05-12.
Further reading[edit]
Saverin, Eduardo, "Facebook Co-Founder Speaks Publicly: What I Learned From Watching 'The Social Network '", CNBC, Friday, 15 Oct 2010.
External links[edit]

Wikimedia Commons has media related to Eduardo Saverin.
Eduardo Saverin on Facebook
Profile at Forbes
Works by or about Eduardo Saverin in libraries (WorldCat catalog)
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WorldCat
VIAF: 91155045
LCCN: no2009108504
GND: 143866877

Categories:
Living people
American billionaires
American computer businesspeople
American expatriates in Singapore
American investors
American people of Brazilian-Jewish descent
American technology company founders
Brazilian billionaires
Brazilian businesspeople