ED­UARDO SAVERIN

Net worth: $9.8 bil­lion USD How he made his bil­lions: Face­book, Inc., Self Made Lo­ca­tion: Sin­ga­pore Age: 33

Technowize Magazine - - Cover Story -

Mark Zucker­berg jilted his co-founder Ed­uardo Saverin out of the com­pany af­ter try­ing to di­lute his share to 10% with­out mak­ing it painfully ap­par­ent to him. Even­tu­ally, Saverin’s role was taken by en­tre­pre­neur Sean Parker, and the ousted co-founder went about his way but not be­fore su­ing Zucker­berg for forc­ing him out of the com­pany. Any­one who has seen The So­cial Net­work (2010) knows about The­face­book.com’s tan­gled found­ing story, and how Face­book’s first in­vestor and CFO even­tu­ally set­tled for a 5% stake of the com­pany. We may never likely know how much Zucker­berg screwed over, as Saverin was of­fered an undis­closed amount and made to sign a non-dis­clo­sure as a part of the deal.

Se­rial an­gel in­vestor Ed­uardo Saverin now sits on board of 99.co, a Sin­ga­pore-based real es­tate buy­ing and sell­ing plat­form. As a tech­nol­ogy in­vestor and men­tor, he has ad­vised and worked closely with an ar­ray of am­bi­tious star­tups of all sizes and stages that share one com­mon thread: a pas­sion for peo­ple-cen­tric in­no­va­tion.

Had Saverin kept his orig­i­nal stake in Face­book, he’d now be worth some­where near $35 bil­lion. What a pity!

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