⬅ # 65 Gianluigi Aponte|# 67 Jack Ma

# 66 Eduardo Saverin 

$27.4B

Real Time Net Worth
as of 4/12/2024
-$589.1M (-2.15%)

# 66 Eduardo Saverin 

$27.4B

Real Time Net Worth
as of 4/12/2024
-$589.1M (-2.15%)
OccupationCofounder, Meta Platforms
Source of WealthFacebook
Age42
ResidenceSingapore, Singapore
Marital StatusMarried
Children1
EducationBS, Harvard University
Age-Adjusted Net Worth$92.7B
Eduardo Saverin
Eduardo Saverin
Brazil
Net worth: $27.4B

Self-Made Score 

Wealth History

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Biography

Overview

Eduardo Luiz Saverin was born on March 19, 1982, in São Paulo, Brazil.
He comes from a wealthy Jewish-Brazilian family, and his father, Roberto Saverin, was involved in various industries such as clothing, shipping, energy, and real estate.
In 1993, the Saverin family immigrated to the U.S. and settled in Miami, Florida.
Saverin attended Gulliver Preparatory School in Miami and later graduated magna cum laude from Harvard University in 2006 with a Bachelor of Arts in economics.
During his time at Harvard, he co-founded Facebook in 2004 with Mark Zuckerberg, focusing on creating a dedicated social networking platform for Harvard students.
Saverin played the role of chief financial officer and business manager at Facebook until his departure.
In 2011, he renounced his U.S. citizenship and became a resident of Singapore, citing his interest in working and living in the country.

Career

Co-founded Meta Platforms (formerly Facebook) in 2004 with Mark Zuckerberg during his junior year at Harvard.
Served as the chief financial officer and business manager at Facebook until 2009.
Co-founded Aporta, an online charity portal, in 2010.
Established B Capital, a venture capital firm, in 2015, focusing on investments in Southeast Asia and India.
Invested in Antler, an early-stage VC fund and startup accelerator, in early 2020.
Acquired two chalets in the French ski resort of Courchevel for US$95 million in 2023.

Venture Capital Activity

Launched venture fund B Capital in 2016 with Raj Ganguly, accumulating $6.5 billion in assets under management.
In July 2022, B Capital raised $250 million for investments in early-stage startups.

Legal Disputes

Faced legal disputes with Mark Zuckerberg in 2012 when Zuckerberg diluted Saverin's stake in Facebook.
Settled out of court, and the terms of the settlement were not disclosed.

Personal Life

Married Elaine Andriejanssen on June 25, 2015, after getting engaged on March 27, 2014.
Renounced U.S. citizenship in September 2011, claiming it was for his 'interest in working and living in Singapore,' and not to avoid taxes.

How long would it take you to become as rich as Eduardo Saverin?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Eduardo Saverin's net worth of $27.4B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 36.27% compared to 8.51% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Eduardo Saverin is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Eduardo Saverin, Facebook is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey