A 42-year-old Brazilian has achieved a surprising feat by becoming the richest billionaire in the country’s history. Eduardo Luiz Saverin was crowned with this title on Monday, the 27th, with the publication of the renowned list of the 10 biggest Brazilian billionaires by the magazine Forbes. With an estimated fortune of R$155.97 billion, Saverin has surpassed the previous record, which had never surpassed the R$150 billion mark. But who is Eduardo Saverin and how did he accumulate so much money?
When we think of Facebook, the name Mark Zuckerberg is usually the first to emerge. However, the success of the world’s largest social network was not the work of just one person. Three other Harvard colleagues were alongside Zuckerberg at the beginning of Facebook, and one of them was the Brazilian Eduardo Saverin. Although Zuckerberg conceived the platform, Saverin played a crucial role in the company’s early development and meteoric rise.
Story that became a movie
The movie The Social Network (2010) portrays the creation of Facebook and highlights Saverin as one of its founders. Although Zuckerberg has received more fame, Saverin has also reaped the financial rewards of the social network’s success, albeit on a smaller scale. While Zuckerberg has become one of the richest men in the world, with a fortune in the trillions when converted to reais, Saverin still maintains a small but valuable equity stake in Meta, which continues to be his main source of wealth.
Goal made Saverin even richer this year
This year, Saverin’s fortune has grown substantially due to a 75.6% increase in Meta shares, according to Forbes. This growth was one of the main factors that led the Brazilian to the top of the list of the country’s richest billionaires in 2024.
Saverin’s other businesses
But Eduardo Saverin doesn’t rely solely on Facebook to build his financial empire. He is also the co-founder of B Capital Group, a venture capital fund to which he has dedicated much of his time in recent years. This company, focused on technology investments, is another important piece in Saverin’s portfolio, which continues to expand its influence in the business world.
In March of this year, B Capital Group raised $750 million for its second venture capital fund, further cementing Saverin’s position as a leading investor in the market. Saverin’s continued success is a reflection of his deep expertise in technology and investing, as well as a strong family business background, as his grandfather was the founder of children’s clothing brand Tip Top.
Brazilian on top of the world
Although Saverin built his career and fortune in the United States, his Brazilian roots and impressive global success continue to amaze and inspire.
Summary for those in a hurry:
- Eduardo Saverin became the richest billionaire in Brazilian history with R$155.97 billion.
- Saverin co-founded Facebook alongside Mark Zuckerberg and other Harvard classmates.
- Meta’s 75.6% share price appreciation was crucial to Saverin’s fortune growth in 2024.
- Saverin is a co-founder of B Capital Group, a venture capital fund.
- AB Capital Group has raised $750 million for its second investment fund this year.
- Saverin’s success is driven by his technology expertise and a strong family background in business.
Source: Atrevida
Earl Johnson is a music writer at Gossipify, known for his in-depth analysis and unique perspective on the industry. A graduate of USC with a degree in Music, he brings years of experience and passion to his writing. He covers the latest releases and trends, always on the lookout for the next big thing in music.
