Co-Founder of Facebook - Eduardo Saverin Made Billions
If you've watched The Social Network you should be familiar with Eduardo Saverin. Long story short - Eduardo is the co-founder of Facebook and provided the funds for servers to get Facebook off the ground. Eduardo and Mark got in a huge lawsuit where Saverin actually came out with a few billion dollars. The Facebook co-founder is no longer in the United States and moved to Singapore in 2009.
In one conversation with Zuckerburgs confidant Mark said:
"Eduardo is refusing to co-operate at all…We basically now need to sign over our intellectual property to a new company and just take the lawsuit…I'm just going to cut him out and then settle with him. And he'll get something I'm sure, but he deserves something…He has to sign stuff for investments and he's lagging and I can't take the lag."
However, Eduardo is doing just fine. When he is not relaxing in his penthouse or driving his Bentley Eduardo is investing. B Capital Group, the venture capital firm Saverin set up, just announced it has raised $360 million for its first fund. It's investing in tech startups focused on health care, financial services, and insurance. He launched B Capital in 2015 with his partner Raj Ganguly. The fund has already invested in dozens of startups ranging from Indian payment startup Mswipe and Singapore-based logistics company Ninja Van. B Capital typically invest around $20 million in each portfolio.
Facts About Facebook
- 1 out of 7 people on earth are on Facebook
- 243 Hours a year is the amount of time Americans spend on Facebook
- Facebook is a factor in 1 in 3 divorces in the UK
- All of the photos on Facebook are stored in 4 giant data storages with total square feet of 2 million
- "Unfriend" was added to the English dictionary
Made with ❤️ by techchat
Good way of entering back in business for Eduardo ! I guess he had his revenge
Yeah, absolutely! He got the short end of a gold stick so he's not doing too bad ☺️
I figured he would have transitioned to investing... After all, we have all probably heard the infamous story on how he made $300k over one summer in college by betting on oil futures ;)
I didn't know that, wow! That's some real big money for a kids summer income haha. Thanks for the info!