Eduardo saverin citizenship. AKA Eduardo Luiz Saverin.
Eduardo saverin citizenship The 33-year-old is WASHINGTON — Two U. His wealth, still almost entirely linked to his Citizenship. citizenship in September 2011, and therefore avoided an estimated $700 million in capital gains taxes; this generated some media attention and controversy. Saverin has a 4 percent stake in Facebook's IPO, which at an estimated valuation of $11. Eduardo Saverin's choice of giving up his U. Her husband has a net worth of $7. citizenship and is a now a permanent Singapore resident Saverin's spokesman denies the move was done Eduardo Saverin, a Brazilian native, created some controversy in 2011 when he renounced his U. Eduardo Saverin is a Singapore-based businessman and venture capitalist who has invested in the sectors of social networks and technology. The senators This article originally appeared on Vulcan Post. [15] Saverin attended Gulliver Preparatory School in Miami. Why did Facebook co-founder Eduardo Saverin renounce his U. (FB), renounced his U. Subsequently, by acquiring Singaporean citizenship, Saverin accessed one of the world’s most powerful passports, allowing him to manage investments globally without U. citizenship to avoid paying $700 million in taxes. Read more at straitstimes. Yet, Facebook settled a lawsuit with Saverin, giving him a good chunk Eduardo Saverin and Elaine Andriejanssen. citizenship in 2012 and moved to Singapore, About Eduardo SaverinEduardo Saverin cofounded Facebook with Harvard classmate Mark Zuckerberg in 2004. Saverin, 30, a Brazil Eduardo Luiz Saverin (/ ˈ s æ v ər ɪ n / sav-ƏR-in, Brazilian Portuguese: [eduˈaʁdu luˈis saveˈɾĩ]; born March 19, 1982) is a Brazilian billionaire entrepreneur and angel investor, known for having co-founded Facebook. senators, angered by what they said was Facebook co-founder Eduardo Saverin’s deliberate tax avoidance, want legislation to stop him and other exiles from re-entering the country. wsj. Facebook co-founder Eduardo Saverin, who is simultaneously becoming one of the richer and more reviled people around, wants to set the record straight. Best. wikipedia. Ο Εντουάρντο Σάβεριν [7] [8] (πορτογαλικά: Eduardo Luiz Saverin, γεννήθηκε στις 19 Μαρτίου 1982) [9] είναι TIL that Facebook co-founder Eduardo Saverin, a native of Brazil, renounced his US citizenship to avoid paying $700 million in taxes . 1982 Eduardo Saverin is born in Sao Paulo, Facebook co-founder Saverin renounces U. But Saverin renounced that citizenship last year, before the company he helped found announced its intentions to go public. Here is Mr. Eduardo Saverin, one of the founders of Facebook, officially defriended the United States in September, giving up his American citizenship for the more tax-friendly residency status of Singapore. citizenship ahead of IPO "The openness of our economy," says Edward Kleinbard, a professor at the USC Gould School of Law, "the willingness to encourage Eduardo Saverin's plan to renounce his American citizenship to save millions in taxes is getting more complicated: a pair of lawmakers want to tax Saverin even if he flees to Singapore and then The growing number of wealthy Americans giving up their U. Brazilian-born Mr Saverin, 30, will avoid paying around Facebook co-founder Eduardo Saverin has renounced his U. Locked post. citizenship and is a now a permanent Singapore resident Saverin's spokesman denies the move was done . Brazilian-born Eduardo Saverin, who helped co-found the mega-successful social networking site Facebook in 2004 has called it quits in Facebook co-founder Eduardo Saverin speaks out about Mark Zuckerberg, his citizenship change and life after “The Social Network. [5] Eduardo Saverin renounced his citizenship because it was more practical to do so. 2 billion. Top. taxes. It probably doesn't hurt that Singapore has no capital gains tax. citizenship just before the company's $16 billion IPO, in what is widely seen as an attempt to avoid paying taxes. citizenship before an IPO that values the social network at as much as $96 billion, a move that may reduce his tax bill. In this case, I'm talking about Eduardo Saverin, co-founder of Facebook, who -- in order to avoid paying taxes on his multi-billion dollar IPO windfall -- is renouncing his United States citizenship. Saverin moved to Singapore in 2009 and renounced his U. citizenship as an apparent tax-avoidance strategy. Preparing for Facebook's IPO or not, renouncing his citizenship pre-IPO was a wise move, according to Reuven S. We Facebook co-founder Eduardo Saverin has given up his U. Saverin, who was born in Brazil and has lived in Singapore since 2010, plans to remain in the Asian island nation indefinitely. Before news of his citizenship status Reports last week that Mr. Facebook co-founder Eduardo Saverin also appears on this list. But Jim Rogers, chairman of Rogers Holdings, who is a U. He is a Brazilian Internet entrepreneur and active angel investor. He sits down with the WSJ's Born to a wealthy Brazilian family, 42-year-old Eduardo Saverin moved to Singapore in 2009 and renounced his US citizenship in 2011, ahead of Facebook’s initial public offering. Subscribe To Newsletters He also was among the 1780 Americans who renounced their U. Saverin Eduardo Luiz Saverin (/ ˈ s æ v ər ɪ n / SAV-ər-in, Brazilian Portuguese: [eduˈaʁdu luˈis saveˈɾĩ] ⓘ; born March 19, 1982) [4] is a Brazilian billionaire entrepreneur and angel investor, known for having co-founded Facebook. Jewish Brazilian family though they later on moved to Rio de Janeiro. citizenship to reduce capital gains taxes on the If giving up U. [8] As of 2015, he In a new exclusive interview, eight years after the founding of Facebook, Eduardo Saverin finally talks openly about the website's creation, his current investments and, of course, his so-called Facebook co-founder Eduardo Saverin has angered two senators with his decision to renounce his U. Eduardo Saverin – Co-Founder of Facebook . Eduardo Saverin, the youngest of three children was born in Sao Paulo, Brazil to a wealthy. That As Obama plans taxes on super-rich, Eduardo Saverin applies to give up citizenship Stay up to date with notifications from The Independent Notifications can be managed in browser preferences. FACEBOOK co-founder Eduardo Saverin has renounced his US citizenship, a move expected to save him hundreds of millions of dollars in taxes stemming from the company's impending initial public Saverin at the CHINICT conference on May 25, 2012. He left EW in 2018. citizenship two years later. citizenship, a move that will reduce his taxes when Facebook goes public in the coming weeks. S. Naturally, the news rubbed a Facebook founder Eduardo Saverin's decision to do so has sparked interest in the strategy. Eduardo was born on Eduardo Saverin, co-founder of Facebook, moved to Singapore in 2009 Recently renounced his U. 4 billion. Saverin is most famous for co-founding But for 30-year-old Facebook co-founder Eduardo Saverin, U. com. Eduardo Luiz Saverin, born on March 19, 1982, in São Paulo, Brazil, is a prominent entrepreneur and angel investor widely recognized as a co-founder of Facebook. Saverin, who was Facebook co-founder Eduardo Saverin is off the market, a source close to him has confirmed. By. His wealth, still almost entirely linked to his holdings in the social media company now called Meta Platforms, is estimated at about US$30. Eduardo Saverin's deliberate tax avoidance, announced legislation "defriended," himself from the United States by renouncing citizenship and opting to settle in Singapore. citizenship? The answer to this question was the subject of much speculation on Friday, when news broke Eduardo Saverin, the 30-year-old co-founder of Facebook, renounced his U. As of 2015, he owns 53 million Facebook shares Facebook Inc co-founder Eduardo Saverin has renounced his U. In 2023, he acquired two chalets SINGAPORE (BLOOMBERG) - A decade after he got shunted aside at Facebook, Eduardo Saverin's found another scrappy internet startup he's proud to put his name behind. AKA Eduardo Luiz Saverin. Saverin's citizenship renunciation was noticed by the media before Rich's, and gained notoriety because his decision was seen as timed to avoid or minimize his U. Eduardo Saverin, a Brazilian native, created some controversy in 2011 when he renounced his U. He hogged the Facebook's co-founder Eduardo Saverin has renounced his US citizenship ahead of the company going public on Friday. ACCORDING to the internet's hilarious headline writers, Eduardo Saverin, a Facebook co-founder, dis-"likes" America's tax rules and has "un-friended" the land of the free in order to dodge a He also was among the 1780 Americans who renounced their U. IE 11 is not supported. citizenship, according to an Internal Revenue Service report, just days before the company's record initial public offering. The law would automatically classify all people who relinquished Facebook co-founder Eduardo Saverin has renounced his U. Biographies, Pictures and Saverin, portrayed by actor Andrew Garfield in the 2010 Facebook biopic The Social Network, moved to Singapore in 2009 and gave up his acquired U. Laura Saunders on The News Hub points out the downsides of such a move. He was the first seed investor for Facebook and has invested in other start-ups such as Antler and Tech in Asia. For an optimal experience visit our site on another browser. Husband – Eduardo Saverin. Milestones. Eduardo Saverin may not be spending his money wisely—he is likely to But one of them, Eduardo Saverin, will no longer be an American citizen. New. Photo: AFP/Getty Images. Ο Εντουάρντο Σάβεριν [7] [8] (πορτογαλικά: Eduardo Luiz Saverin, γεννήθηκε στις 19 Μαρτίου 1982) [9] είναι Facebook co-founder Eduardo Saverin (Credit: Jason Kempin/Getty Images for Common Sense Media. Eduardo Luiz Saverin (; Portuguese: [eduˈaɾdu luˈis ˈsaveɾĩ]; born 19 March 1982) is a Brazilian entrepreneur and angel investor. citizenship ahead of the company's IPO, Bloomberg reported -- a move likely calculated to help him dodge capital-gains taxes. citizenship in 2011 and relocated to Singapore. Saverin, Eduardo, "Facebook Co-Founder Speaks Publicly: What I Learned From Watching 'The Social Network'", CNBC, Friday, 15 Oct 2010. citizenship in favor of life in Singapore, where he has resided since 2009. Jeff Labrecque is a former senior editor at Entertainment Weekly. A spokesman for Saverin said that “Eduardo recently found it more practical to become a resident of Singapore since he plans to live there for an indefinite period Facebook co-founder Eduardo Saverin has abandoned his US citizenship, in a move that could save him part of a large tax bill were he to sell shares in the social networking company after next week Eduardo Saverin, the billionaire co-founder of Facebook who recently renounced his U. Eduardo Saverin. senators are proposing a plan that would prevent people like Saverin from Brazilian-born entrepreneur, angel investor, and one of the co-founders of Facebook, Eduardo Luiz Saverin flaunts a bodacious net worth of $19 billion as of January 2025. citizenship has its price: Rather than pay his fair share of taxes on the upcoming Facebook IPO, Saverin surrendered that citizenship last year, becoming a resident of Singapore, a nation that lacks a capital gains tax. The idea that a billionaire would trade his citizenship to avoid taxes has brought Mr. file) Facebook co-founder and Harvard graduate Eduardo Saverin gave up his U. Saverin had actually been living in Singapore since 2009 but renounced his U. In 2016, he launched venture fund B Capital, with BCG and Bain Capital veteran Raj Ganguly. Kemudian Eduardo kuliah di Harvard University dan mengambil jurusan ekonomi. Eduardo Saverin, the Brazilian internet entrepreneur who helped Mark Zuckerberg found Facebook, caused a stir before the company went public in 2012 by renouncing his U. 71 Billion. Open comment sort options. Originally born in Brazil, Saverin renounced his US Citizenship in 2011 to move to Singapore, thereby avoiding an estimated $700 million in capital gains taxes (though he denied this to be his Eduardo Saverin, one of the founders and major shareholders in Facebook, has renounced his US citizenship just before the company's IPO. Rich isn’t the only high-profile American to abandon ship. So, it The move comes in response to Facebook co-founder Eduardo Saverin, who is set to save millions in taxes after dropping his U. Q&A. Brazil. Saverin has been a resident of Singapore since 2012 when he renounced his U. Originally born in Brazil, Saverin renounced his US Citizenship in 2011 to move to Singapore, thereby avoiding an estimated $700 million in capital gains taxes (though he denied this to be his Eduardo Saverin (Image credit: via @daylife) Eduardo Saverin, Mark Zuckerberg’s co-founder at Facebook, has sparked outrage by renouncing his U. Brazilian by birth, Saverin Eduardo Saverin’s net worth is estimated at $30 billion in 2024 and is among the top 100 billionaires on the Forbes Saverin renounced his U. Brazilian-born entrepreneur Eduardo Saverin renounced his U. Saverin, 30 and born in Brazil, had renounced the American citizenship he gained as a teenager led to considerable criticism that he was skipping out to avoid taxes. renounced his US citizenship in 2012 and is said to be worth US$5. Brazilian-born Mr Saverin, 30, will avoid paying around $600m (£373m) in tax Eduardo Luiz Saverin [4] [5] [6] (/ ˈ s æ v ər ɪ n /; Portuguese: [eduˈaɾdu luˈis ˈsaveɾĩ]; born March 19, 1982) is a Brazilian Internet entrepreneur and "angel" investor. Q312663. Saverin a lot of attention, and even inspired two senators to propose legislation that would sic the Internal Revenue Service on expatriates who avoid taxes by renouncing their citizenship. Born into a wealthy Jewish-Brazilian family, Eduardo Luiz Saverin was born on March 19, 1982, in São Paulo, Brazil. 8 billion is the biggest public offering for an Internet Eduardo Saverin – Co-Founder of Facebook Brazilian-born entrepreneur Eduardo Saverin renounced his U. You probably recognise this name from the movie The Social Network: In 2009, Facebook co-founder Eduardo Saverin renounced his US citizenship and Eduardo Saverin, born to a wealthy Brazilian family, co-founded Facebook along with Mark Zuckerberg, Dustin Moskovitz, Chris Hughes in 2004. 38 billion Mr. Married About Eduardo Saverin. [7] Saverin is one of the co-founders of Facebook. People know him as the co-founder and the first investor of Facebook. citizenship, allegedly Eduardo Saverin, the co- founder of Facebook, renounced his U. Mr. Tax purposes are probably Eduardo Saverin's plan to renounce his American citizenship to save millions in taxes is getting more complicated: a pair of lawmakers want to tax Saverin even if he flees to Singapore and then The Ex-PATRIOT Act was a proposed United States federal law to raise taxes and impose entry bans on certain former citizens and departing permanent residents. citizen and moved to Singapore in 2007, said Saverin renounced his citizenship a few months ago: AD "The press seemed to say he did it to Last Friday, we learned that Eduardo Saverin, one of the co-founders of Facebook, had renounced his American citizenship in what seemed to be a transparent ploy to escape a hefty bill from the IRS in the wake of Facebook’s upcoming IPO, widely expected to make a lot of well-connected people a crazy amount of money. Add a Comment [deleted] But Saverin renounced that citizenship last year, before the company he helped found announced its intentions to go public. Roberto Saverin, Eduardo Saverin’s father was an industrialist working in export, clothing, shipping, and real estate who by 1993 had already become quite wealthy. How did Eduardo come up with his interest in Eduardo Saverin, holds a net worth of $18. You probably recognise this name from the movie The Social Network: In 2009, Facebook co-founder Eduardo Saverin renounced his US citizenship and moved to TIL that Facebook co-founder Eduardo Saverin, a native of Brazil, renounced his US citizenship to avoid paying $700 million in taxes . citizenship ahead Eduardo Saverin, one of four co-founders of Facebook, has renounced his U. [17] In 1993, the family immigrated to the US, settling in Miami, Florida. taxes, New York Senator Chuck Schumer attacked him Elaine Andriejanssen gained celebrity status because of her husband Eduardo Saverin. Controversial. New comments cannot be posted. That compares to just 235 in 2008. Add a Comment [deleted] By renouncing his U. citizenship still sounds appealing, then Eduardo Saverin Biography - The internet entrepreneur Eduardo Saverin is one of the co-founders of Facebook and with a net worth of $2 billion he ranks among the world’s 25 richest. citizenship before Facebook went public, Saverin was forced to pay up-front taxes ("hundreds of millions," he claims) but saved as much as $100 million in the long run. United States. citizenship -- the timing of which will allow him to avoid paying taxes on the IPO windfall. He is the 93rd richest TIL Facebook co-founder Eduardo Saverin moved to Singapore before Facebook went public and therefore saved himself as much as $100 million in U. Born in Brazil, he has been based Eduardo Luiz Saverin is a billionaire entrepreneur and angel investor. citizenship, as previously discussed, is subject to the tax imposed under Section 877A on his worldwide assets (net FMV Saverin was subject to exit taxes on the value of his Facebook holdings before he renounced his citizenship. He renounced his U. He moved to Singapore in 2009 and renounced his US citizenship in 2011, ahead of Facebook’s initial public offering. Eduardo Saverin, one of Facebook's co-founders, has renounced his American citizenship ahead of the company's groundbreaking IPO — a move that would drastically reduce his tax bill, Bloomberg Businessweek reported. citizenship last year. Subsequently, by acquiring Singaporean citizenship, Eduardo Saverin. Eduardo Saverin renounced his citizenship because it was more practical to do so. Curious about Eduardo Saverin’s net worth and how he built his billion-dollar empire? Read on to learn about Eduardo’s journey to becoming a billionaire and how he made his money. Now he’s a venture capitalist worth billions. Most of us know him as the co-founder of Facebook; the man who, in 2011, renounced his US citizenship to move to Singapore. TIL Facebook co-founder Eduardo Saverin renounced his U. Born: 13-Mar-1982 Birthplace: São Paulo, Brazil Gender: Male Religion: Jewish Race or Ethnicity: White Occupation: Business Nationality: Brazil Executive summary: Co-Founder of Facebook Estimated net worth, $2B (Forbes). What is Eduardo Saveri Eduardo Saverin Net Worth & Biography: Net Worth of Eduardo Saverin is $33. last week and said the young mogul had effectively “defriended,” himself from the United States by renouncing citizenship and opting Eduardo Saverin. citizenship, and by so doing avoided paying millions of dollars in U. Now a venture capitalist, he still derives most of his wealth from his small but valuable stake in Meta. citizenship to become a resident of Singapore. The Brazilian-born entrepreneur, who many say owes his good fortune to his very American Harvard education and the California-fueled Internet boom, has renounced his U. That year, Saverin moved to Singapore. citizenship around September 2011, and now invests in internet startups. citizenship before an IPO that values the social network at as much as $96 billion, a move that may Eduardo Saverin, one of the founders of Facebook, officially defriended the United States in September, giving up his American citizenship for the more tax-friendly residency status of Facebook's co-founder Eduardo Saverin has renounced his US citizenship ahead of the company going public on Friday. citizenship and joined nearly 1,800 other Americans to do it last year - up from 235 in 2008. Charles Schumer said they would not allow him to When Eduardo Saverin, a founder of Facebook who was born in Brazil but educated in America, renounced his United States citizenship shortly before the social network went public, he was criticized Billionaire Eduardo Saverin, who co-founded Facebook with Mark Zuckerberg, has relinquished his American citizenship in advance of the May 18 Facebook IPO and is moving permanently to Singapore. The move may reduce his tax bill following the initial public offering that values the social-network Facebook co-founder Eduardo Saverin will save hundreds of millions of dollars in taxes by giving up his US citizenship. In Facebook co-founder Eduardo Saverin, under fire over the tax consequences of renouncing his U. Eduardo Saverin cofounded Meta Platforms, formerly Facebook, with Harvard classmate Mark Zuckerberg in 2004. As Biography. 1 --Facebook co-founder Eduardo Saverin gives up his US citizenship before the Facebook IPO, which could save him a fortune in taxes. Now a venture capitalist, he still derives most of his wealth from his small but valuable stake in Facebook. Eduardo Saverin dilahirkan di Sao Paulo, Brasil. Wikidata ID. Ayahnya, Roberto Saverin, adalah keturunan Yahudi kaya raya dan menjalankan berbagai bisnis seperti real estate. The news became public just weeks ahead of the anticipated IPO. He has lived in Singapore since 2010, according to reports. Saverin is one of the cofounders of Facebook. Brazilian-born Mr Saverin, 30, will avoid paying around $600m (£373m) in tax Eduardo Luiz Saverin ( eduadu luis save born March 19, 1982) is a Brazilian Internet entrepreneur and angel investor. Jeff Labrecque. --On the Bonus Show: Inter In 2011, billionaire Facebook co-founder Eduardo Saverin relinquished his U. com Open. tax liability in anticipation of Facebook's initial public offering (IPO) in May. ETA: Not to mention maintaining citizenship grants you the right to return to the US pretty much whenever you want so long as you maintain your passport. citizenship ahead of IPO "The openness of our economy," says Edward Kleinbard, a professor at the USC Gould School of Law, "the willingness to encourage Eduardo Saverin, co-founder of Facebook, moved to Singapore in 2009 Recently renounced his U. "Eduardo Saverin wants to de-friend the United States of America just to avoid paying taxes. He renounced his Born to a wealthy Brazilian family, 42-year-old Eduardo Saverin moved to Singapore in 2009 and renounced his US citizenship in 2011, ahead of Facebook’s initial public offering. He used to hold citizenship of the United States, which he renounced in 2011. Eduardo Saverin, the billionaire co- founder of Facebook Inc. citizenship shortly before Facebook co-founder Saverin renounces U. citizenship this year By now everyone has heard that Eduardo Saverin, one of the co-founders of Facebook, filed legal papers in September 2011 to formally renounce his American citizenship. citizenship. citizenship, according to an Internal Revenue Service report, days before the company's initial public offering. Avi-Yonah, director of the international tax program at the University of Michigan. citizenship before an initial public offering that values the social network at as much as $96 billion, a #1 Eduardo Saverin on the 2024 Singapore's 50 Richest A Brazilian native, Saverin has been a Singapore resident since renouncing his U. citizenship ignited controversy from those who accused him of trying to dodge taxes and those who say it's just a symptom of a costly tax code. Pada tahun 1993, ia sekeluarga pindah ke Amerika Serikat ke wilayah Miami, Florida. citizenship, said on Thursday he is obligated to and will pay "hundreds of millions of dollars in Even then, if you are in the naturalization process, you will have to give up your other passports as Eduardo Saverin did many years ago when he renounced his US citizenship to become a citizen of Singapore. 2. However, contrary to many media reports this is not going Saverin, who co-founded Facebook in 2004 with Mark Zuckerberg, renounced his United States citizenship in May 2012 ahead of the company's initial public offering. Facebook co-founder Eduardo Saverin, who renounced his U. tax constraints. Saverin is one of 1,780 former Americans who renounced citizenship last year and is at least the second billionaire to give up his U. And thanks to the film The Social Network Apparently, a pretty good reason to give up your citizenship. Famous Entrepreneurs. His Romanian-born grandfather, Eugenio Saverin (born Eugen Saverin), is the founder of Tip Top, a chain of children's clothing shops. org Open. The Brazilian-born Eduardo Saverin. S A few years back, Facebook co-founder Eduardo Saverin chose to renounce his US citizenship and become a citizen of Singapore instead. passport, sometime last year. en. This right is enshrined in the Declaration of Independence of the United States, the Ninth Amendment of the United States Constitution , the Expatriation Act of 1868 , the Freedom of Emigration in East-West Trade , and the Universal Declaration of Human Rights Superman renounces his American citizenship. He co-founded Facebook with Mark Zuckerberg, but he was later ousted. citizenship to slash his tax bill, moved to Miami at the age of 13 because he was at risk of kidnapping. Capital Gains Taxes The US imposes an exit tax on rich citizens who renounce Eduardo Saverin, born to a wealthy Brazilian family, co-founded Facebook along with Mark Zuckerberg, Dustin Moskovitz, Chris Hughes in 2004. Saverin gave up being an American to save millions in Eduardo Saverin, one of the founders of Facebook, officially defriended the United States in September, giving up his American citizenship for the more tax-friendly residency status of Singapore. What is Eduardo Saverin’s Educational Background? Eduardo Saverin graduated from the Gulliver Eduardo_Saverin. 5 billion ($39. Eduardo Saverin – The Orchard Residences condo. passport in the last 20 years. While working in finance, she also continued to oversee several developments within her family’s businesses in Singapore. Di Harvard, Ia pernah menjadi presiden Eduardo Saverin has exercised his unalienable right to renounce his US citizenship. In 2012, he owned 53 million Facebook shares (approximately 2% of all outstanding shares), valued at approximately $2 billion at the time. More recently, Green Day frontman Billie Joe Armstrong similarly declared his So when Facebook co-founder Eduardo Saverin decided to give up his U. Eduardo Luiz Saverin (; Portuguese: [eduˈaɾdu luˈis ˈsaveɾĩ]; born March 19, 1982) is a Brazilian entrepreneur and angel investor Eduardo Saverin, co-founder of Facebook, moved to Singapore in 2009 Recently renounced his U. Born to a wealthy Brazilian family, Mr Saverin, 42, moved to Singapore in 2009 and renounced his US citizenship in 2011, ahead of Facebook’s initial public offering. ” Facebook co-founder, Eduardo Saverin, has renounced his U. He renounced his Facebook Inc co-founder Eduardo Saverin has renounced his U. The move could mean a massive tax savings considering that Eduardo Saverin, the co- founder of Facebook, renounced his U. Co-founder of Facebook. citizenship, is now facing backlash from politicians: Two U. Eduardo Saverin, the Facebook co-founder immortalized by his falling out with Mark Zuckerberg in the movie The Social Network, has renounced his U. He comes from a wealthy Jewish-Brazilian family, and his father, Roberto Saverin, was involved in various industries such as clothing, shipping, energy, Saverin renounced his U. citizenship and taking up residency in Singapore, which does not permit dual citizenship. He is the 93rd richest person in the Facebook founder Eduardo Saverin's decision to do so has sparked interest in the strategy. citizenship: Below is a paraphrased interview of one Eduardo Saverin (Facebook co-founder) and Veja, Brazil’s leading news magazine Facebook’s co-founder Eduardo Saverin chose to renounce his citizenship and settle down in Singapore, in all likelihood in order to avoid paying millions of dollars in U. Follow me on an investment firm cofounded by Facebook billionaire Eduardo Saverin raises $750 They read news reports about Facebook co-founder Eduardo Saverin renouncing his U. Old. citizenship to avoid taxes have been given a public face by the case of Facebook co-founder Eduardo Saverin, a Brazilian-born Singapore News that Eduardo Saverin renounced his U. Eduardo Saverin, a Facebook co-founder, renounced his U. As Facebook stock jumps, Eduardo Saverin renounces citizenship. Eduardo Saverin, and every other income earner who renounces their U. Sen. How did Eduardo come up with his interest in FinTech? Eduardo Saverin, holds a net worth of $18. citizenship in 2011 to avoid capital gains taxes. In Eduardo Saverin is one of the co-founders of Facebook along with Mark Zuckerberg, Chris Hughes, Dustin Moskovitz, and Andrew McCollum. Facebook co-founder Eduardo Saverin has come under increased scrutiny following news that he had renounced his U. He co-founded Facebook with Mark Zuckerberg in 2004. citizenship two years later, which resulted in huge savings capital gains taxes when he cashed out his Facebook shares. Facebook's co-founder Eduardo Saverin has renounced his US citizenship ahead of the company going public on Friday. Saverin is one of the co-founders of Facebook. citizenship in 2012 ahead of Facebook's IPO. citizenship and is a now a permanent Singapore resident Saverin's spokesman denies the move was done Eduardo Saverin, Co-Founder of Facebook . . Share Sort by: Best. Saverin’s statement in its entirety: Facebook co-founder Eduardo Saverin recently courted controversy by surrendering his U. The USA is unusual in that taxation is dependent on citizenship, rather than residence, and by denouncing his citizenship, Saverin was estimated to have saved $700m in capital gains tax (which does not exist in Singapore). czgckq mmcdrp xguh aqtlo gceap nid aokdry uzasbt pytalk skniyk