As a Co-Founder of Facebook, Eduardo Saverin is not only one of the world’s youngest billionaires, he's also something of a household name. In 2010, the Brazilian-born entrepreneur was portrayed by actor Andrew Garfield in the hit movie "The Social Network." Much of the film's plot is based on Saverin's exit from Facebook, which was orchestrated by the company's CEO and Co-Founder, Mark Zuckerberg. Prior to leaving Facebook in 2005, Saverin served as the company's Financial Director and Chief Financial Officer. Despite no longer being part of the company, the 40-year old has plenty to show for his efforts. As of 2022, Forbes estimates his net worth to be $10.4 billion, which is mostly derived from his small but valuable stake in Facebook. Now a venture capitalist, he created the venture fund B Capital with BCG and Bain Capital veteran Raj Ganguly. The fund, which was launched in 2016, currently has $1.4 billion in assets under management.
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During Saverin's junior year at Harvard University, the wheels of internet history were set in motion when he met sophomore Mark Zuckerberg. It was an auspicious pairing in which both parties recognized their respective strengths. The socially awkward Zuckerberg excelled at banging out beautiful code, while the more glamorous Saverin often gave people the impression – including Zuckerberg – that he was connected to the Brazilian mafia, since he was the type of guy to wear suits to his classes.
The two Harvard students agreed to invest $1,000 in their site. With Saverin's money paying for the servers, TheFacebook.com went live in February 2004, setting the stage for it to become one of the world's most influential companies. In addition to creating a tech giant, Saverin was also a member of the Harvard Investment Association, the Phoenix S. K. Club, and the Alpha Epsilon Pi Fraternity. In 2006, he graduated magna cum laude with a Bachelor of Arts in Economics.
After Saverin renounced his U.S. citizenship in 2011 (with many speculating that he did so to avoid paying the estimated $700 million in capital gains taxes stemming from Facebook's mega IPO), he has yet to return to the U.S., or his alma mater. However, as one of the most successful entrepreneurs of his generation, the Harvard community is always eager to discuss the billionaire’s legacy. In 2014, Harvard's student newspaper, The Crimson, published the wryly titled article, "Status Updates: Facebook Founders," noting that Saverin continues to live comfortably in his new home country of Singapore, where he “is often spotted driving in a Bentley, and enjoys celebrity-status at Singapore nightclubs . . . alighting on one champagne-fueled party after another.”