The American Dream Kid
Brazilian born Eduardo Saverin, age 30, came to the United States with his family when he was one year of age because he had been placed on a list by gangs specializing in kidnapping for ransom in Brazil. His father is a wealthy industrialist.
He went on to private schools and eventually ended up at Harvard where he was Magna Cum Laude with a degree in Economics. While there, he met Mark Zuckerberg and they started Facebook with Saverin being the CFO. Internal conflicts persisted and eventually Saverin's stock was diluted. Saverin sued; the case was settled and he left the company.
In 2010, Saverin liquidated $250 million worth of Facebook stock for other investments. Now living in Singapore that has no capital gains tax, he renounced his U.S. citizenship in September 2011 to avoid paying significantly more in US taxes because of the Facebook IPO that is coming up on May 17. He is expected to make $3.84 BILLION.
1 comment:
Smart, very Smart
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