ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Eduardo Saverin: Facebook CoFounder who Sued for Billions

Updated on September 4, 2012

Eduardo Saverin: Facebook Billionaire

Not much has been heard of about CoFounder of Facebook Eduardo Saverin before the film "The Social Network" came out. Now the world wants to learn all about this unheard of Billionaire who was able to successfully sue Facebook for 5% of the company worth billions. While rumors of his oil features being worth millions, his trader savvy knowledge being researched, and facts on his personal life being sought for profusely, he still remains silent.

Seemingly content to sit under the radar since his lawsuit, Saverin has remained silent on the social media giant, which is surpassing Google to become the most visited website in the world this year. Continue reading to find out about the 26 year old with over 1.3 billion in Facebook stock and what little is known about him.

Saverin and Zuckerberg in Frat
Saverin and Zuckerberg in Frat

Eduardo Saverin's Personal Life

Eduardo Saverin was born in Brazil in 1984 and moved to Florida in the mid 1990s, where he lived until attending Harvard University where he received his BA in Economics in 2006. While at Harvard he met Mark Zuckerberg and assisted in co-founding Facebook during his junior year, which is his most notable achievement to date. He also served as the Harvard Investment Association's President, and made hundreds of thousands betting on weather and oil futures.

He met Zuckerberg while recruiting for the Phoenix S.K. Club during his sophomore year, and became the business manager for Facebook when they began work on their "social network". However there were eventually some disagreements between them which ultimately led to Saverin's removal from Facebook's Founding team and a lawsuit in which he regained a significant stock portion (worth 1.3 billion) and CoFounder credit. He currently has several private interests he manages including a health startup, but nothing which he has publicly chosen to align himself with.

Should Eduardo Saverin have $1.3 Billion for his work on Facebook?

See results

Eduardo Saverin Speaks!

Read below for details on Eduardo's Letter

Eduardo Writes on CNBC Oct 15th

Just as everyone was getting used to never hearing from Eduardo, having been silent since the trial with Facebook, he pops up again. Saverin submitted a letter to the public through CNBC on October 15th 2010, after he watched the movie "The Social Network." While he does not address the movie's validity or the lawsuit between him and Facebook, it is nice to know that he is still alive and well. In the letter Saverin focuses on promoting entrepreneurship in America, which he feels is the driving force behind the American economy. A great job at re-emerging from his hiatus quietly and honorably. Take a look at the article for yourself, I've included a link below.

Get the Social Network on Amazon Today!

Saverin Qoute

"While watching the "Hollywood version" of one's college life is both humbling and entertaining, I hope that this film inspires countless others to create and take that leap to start a new business."

Eduardo Saverin

Co-founder, Facebook

Mark Zuckerberg
Mark Zuckerberg

How The Cookie Crumbled

Mark Zuckerberg needed money, just like every business when it first gets started, and Eduardo Saverin had lots of it. Well. Lots for a college student who had no other alternative. After Facebook was becoming established however, Saverin's usefulness began to outweigh the constant road blocks he placed in Mark's path to social network domination. Mark moved to Silicon Valley in the summer of 2004 six months after Facebook's launch to further push the success of the company, while Saverin remained at Harvard. Mark left Saverin with three tasks to complete while he was in California, and they were:

1. to set up the company

2. get funding

3. and make a business model

Saverin didn't complete any. In fact, he actually used Facebook for his own personal endeavors, advertising his own startup Joboozle on Facebook without the authorization or consent of Zuckerberg. This clearly was not benifical to the relationship which was beginning to weaken as communication broke down over the long distance they maintained. When Zuckerberg decided to not return to Harvard the following year, it furthered Mark's resolve to remove Saverin from the company's operations, as having to run things through him as a company officer was becoming increasingly difficult. Zuckerberg eventually created a new company to buy out the old one, and issued shares to everyone but Saverin, which caused the lawsuit which awarded Saverin 5% of Facebook's shares, but greatly reduced it from the 30% he at one time held.

Andrew Garfield
Andrew Garfield

The Social Network

How the Facebook Movie was made.

Facebook's little secrets finally came out this week, with "The Social Network" hitting theatres to reveal a dark and less noble side to all the individuals involved in the most successful social website ever created. Questions hovered around and still remain as to the validity of much of the film's premises, and if true how they were made public. The most commonly agreed upon theory is that Eduardo Salevin was bitter because of his ejection from Facebook, and consequently went to Ben Mezrich with a tell all tale.

Andrew Garfield played the character of Salevin in the film, and the movie certainly does portray him as much less of an aggravator than Zuckerberg claims him to be. This is most likely exactly what Salevin was looking for when he came to Mezrich with his story of the events of Facebook, giving him a much more amiable aspect than has been seen before, as well as catepulting him into the national headlines with newfound fame and fanfare.

Search Amazon for The Social Network and other Facebook Items

Want to know how I make money on Squidoo? I make money through the free program Cash Crate. Just click the link below to sign up, its free and you can start making money instantly:


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)