Eduardo Saverin was born on March 19, 1982, in São Paulo, Brazil, to a wealthy Jewish-Brazilian family12. His father, Roberto Saverin, was a successful businessman involved in clothing, shipping, energy, and real estate, while his mother, Sandra, worked as a psychologist3. Saverin's grandfather, Eugenio Saverin, founded Tip Top, a popular chain of children's clothing shops in Brazil23. The family later moved to Rio de Janeiro before immigrating to the United States in 1993, settling in Miami, Florida, reportedly due to security concerns after Eduardo's name appeared on a kidnapping gang's list of potential targets4.

Eduardo Saverin attended Harvard University, where he met Mark Zuckerberg in 2003. Recognizing the need for a social networking platform for Harvard students, Saverin and Zuckerberg co-founded "TheFacebook" in 200412. Saverin initially invested $1,000 and later contributed an additional $18,000 to fund the platform's server costs2. As Facebook's first Chief Financial Officer, Saverin was responsible for securing early funding and developing the initial business model12.

• Saverin graduated magna cum laude from Harvard in 2006 with a degree in economics1

• During his time at Harvard, Saverin demonstrated his financial acumen by making $300,000 through investments in oil futures12

• Saverin was a member of the Alpha Epsilon Pi fraternity and president of the Harvard Investment Association12

Eduardo Saverin's relationship with Facebook took a contentious turn in 2005 when Mark Zuckerberg diluted Saverin's stake in the company, effectively reducing his ownership from around 30% to less than 10%12. This led to a series of legal battles between Saverin and Facebook. Saverin filed a lawsuit against Zuckerberg, alleging he had been wrongfully ousted and demanding compensation32.

The dispute was ultimately settled out of court in 200914. While the exact terms of the settlement remain confidential, reports suggest that Saverin received a substantial financial payout and his name was restored to the list of Facebook co-founders34. Saverin retained a small but valuable percentage of Facebook's equity, estimated at 2% (worth approximately $9 billion), which significantly contributed to his wealth following the company's IPO in 201245.

Eduardo Saverin's decision to renounce his U.S. citizenship in 2011 and move to Singapore sparked significant controversy and debate about tax avoidance. Saverin claimed the move was motivated by a desire for "personal freedom" and to position himself as a global citizen1, but critics argued it was primarily to avoid U.S. taxes on his Facebook holdings ahead of the company's IPO23. The move prompted senators to propose the Ex-PATRIOT Act, aimed at penalizing expatriates who renounce citizenship for tax purposes45.

Since leaving Facebook, Saverin has focused on venture capital and entrepreneurship. He co-founded B Capital Group in 2015, a firm investing in transformative companies in healthcare, fintech, and enterprise technology1. Saverin's net worth has continued to grow, with recent estimates ranging from $7 billion to $19 billion61. His move to Singapore, known for its favorable business environment and tax policies, has allowed him to capitalize on opportunities in the rapidly expanding Southeast Asian market1.