Early Life and Education
Eduardo Luiz Saverin was born in São Paulo, Brazil, to a wealthy Jewish-Brazilian family. In 1993, his family immigrated to the United States and settled in Miami, Florida. Saverin attended Gulliver Preparatory School in Miami. He then attended Harvard University, where he was a resident of Eliot House, a member of the Phoenix S.K. Club, and president of the Harvard Investment Association. While an undergraduate at Harvard, he used his interest in meteorology to predict hurricane patterns and made $300,000 via investment in oil futures. He graduated magna cum laude from Harvard University in 2006 with a Bachelor of Arts in Economics.
Rise to Success
Saverin's career took off when he co-founded Facebook with Mark Zuckerberg in 2004. He provided the initial funding of $1,000 and later an additional $18,000 and served as the chief financial officer and business manager. However, due to legal disputes, Saverin's role diminished, and his shares were diluted. The disputes were settled in 2009, affirming his co-founder title. After leaving Facebook, Saverin moved to Singapore in 2009 and renounced his U.S. citizenship in 2011, subsequently establishing himself as an investor. He co-founded the venture capital firm B Capital in 2015.
Key Business Strategies
Saverin's key strategy has been to identify and invest in promising technology companies and startups. His venture capital firm, B Capital, focuses on early-stage investments in technology, healthcare, and energy sectors, particularly in Asia. He has also focused on early-stage investments in Fintech, healthcare, and logistics companies.
Philanthropy
While specific amounts are not readily available, Saverin is known for his philanthropic activities. He and his wife, Elaine Andriejanssen, have expressed their intention to contribute time and resources to make the world a better place.
