Today on E-café, our brand new segment of the Scopegater blog (Entrepreneur Cafe), we’ll be looking at one Eduardo Saverin’s entrepreneurial life journey; one of the five co-founders of Facebook.

Eduardo Saverin’s Bio

Full Name- Eduardo Luiz Saverin                                                                                                                                       

Born-March 13^th 1982 (30 years old)

Nationality-Brazilian

Current Residence-Singapore

Highest Level of Education-B.S Economics from Harvard University

Net Worth-$2.2B as of July 2012 (#8 Singapore’s 40 Richest, #634 Forbes Billionaires, #25 in Brazil, #212 Forbes 400 (2011))

Source of Wealth-Facebook

Marital Status-Single

Eduardo Saverin’s Brief Life History

Eduardo Saverin, the youngest of three children was born in Sao Paulo, Brazil to a wealthy

Jewish Brazilian family though they later on moved to Rio de Janeiro.

Roberto Saverin, Eduardo Saverin’s father was an industrialist working in export, clothing, shipping, and real estate who by 1993 had already become quite wealthy. His mother was a Psychologist

In 1993 Roberto Saverin moved his family to the U.S to fulfill his dream of wanting to live in the United States though another contributing factor is that Brazil was at the time facing economic crisis (Fernando Collor, Brazil’s former president froze all savings accounts).

They settled in Miami, Florida, (a favorite destination for Brazilian immigrants and tourists) where Eduardo schooled in Gulliver preparatory school (in Minami) and later on in the prestigious Harvard University.

After living in the U.S for 3 years, Eduardo Saverin found out that his father and grandfather, Eugênio Saverin, were on a list of potential kidnapping targets back in Brazil.

Eduardo Saverin first came into the international limelight at the tender age of 13 when he beat a chess grandmaster during a match in Orlando. The incidence was so unusual that he was mentioned on an article published by The International Chess Magazine.

At Harvard University, he became the president of the Harvard Investment Association as well as a member of the Phoenix S.K. Club.

It was while in his junior year at the Harvard University that Eduardo Saverin met with fellow Harvard sophomore Mark Zuckerberg. After noting a lack of a dedicated social networking website for Harvard students, the two of them worked together to launch “The Facebook” in 2004.

As The Facebook’s co-founder, Eduardo Saverin held the role of chief financial officer and business manager.

As Facebook continued to mushroom across universities in the US, internal conflicts and differences of opinion emerged between Eduardo Saverin and Mark Zuckerberg regarding Facebook’s direction and this resulted in Eduardo Saverin’s reduced involvement as well as influence in Facebook.

The conflict between Eduardo Saverin and Mark Zuckerberg peaked when Saverin’s shares were diluted from his original 34.4% to less that 10% (As of 2012, Eduardo Saverin’s Facebook shares are less than 5%).

Eduardo Saverin took his case to the courts where he filed a lawsuit against Facebook and Mark Zuckerberg but it was settled out of court and the terms of the settlement (Eduardo Saverin settlement amount) were never disclosed though Facebook affirmed Saverin’s title as co-founder of Facebook. Eduardo Saverin later on signed a non-disclosure contract after the settlement was made.

While still at Harvard University, Eduardo Saverin had taken advantage of Brazil’s lax insider trading regulations and had made a cool $300,000 via strategic investments in the oil industry. In 2006, Saverin graduated from Harvard University with a Bachelor’s degree in Economics.

As of 2010, Saverin has liquidated at least $250 million worth of Facebook stock to investors such as Digital Sky Technologies as well as via secondary exchanges like SharesPost.

 Eduardo Saverin’s Current Specialization

Eduardo Saverin is currently an internet entrepreneur as well as an investor.

 Eduardo Saverin’s Current Life

He currently lives in Singapore (and has been since 2009) and on September 2011, he renounced his U.S. citizenship. This move may see his capital gains taxes reduced after the Facebook IPO.

His renunciation of his US citizenship was met with a lot of hostility especially from some members of the congress of whom a good number claimed it was a calculated move on his part to try and reduce his taxes but if the Ex-Patriot Act which was proposed in response to Saverin’s announcement becomes law, Eduardo Saverin and others like him may never be permitted to set foot on U.S soil in future.

  Read About Eduardo Saverin’s interview with Veja magazine, Brazil’s leading new smagazine.