Early Life and Education
Eduardo Luiz Saverin was born in São Paulo, Brazil, on March 19, 1982, to a wealthy Jewish family. His father was a businessman, and his mother was a psychologist. The family moved to Miami, Florida, in 1993. He attended Gulliver Preparatory School and graduated magna cum laude from Harvard University in 2006 with a Bachelor of Arts in Economics. While at Harvard, he was involved in various activities, including being the president of the Harvard Investment Association.
Rise to Success
Saverin co-founded Facebook with Mark Zuckerberg, Dustin Moskovitz, Chris Hughes, and Andrew McCollum in 2004. He initially provided the financial backing and managed the business aspects of the company. However, the relationship with Zuckerberg later strained, leading to a legal dispute. Saverin's contribution as CFO and business manager helped the social media platform rapidly gain millions of users globally. Saverin also made $300,000 via investments in the oil industry while at Harvard.
Key Business Strategies
After leaving Facebook, Saverin became an angel investor and then founded B Capital in 2015 with Raj Ganguly. B Capital is a venture capital firm that invests in technology startups. The firm has over $7 billion in assets under management. Saverin's strategy involves a global approach, with offices in multiple locations and a focus on long-term vision and adaptable business models. He emphasizes investing in entrepreneurs and businesses with the potential for scalability and innovation.
Philanthropy
Saverin is involved in philanthropic activities. He has donated to various causes, including education and healthcare. In 2024, he donated $15 million to the Singapore American School.
