Article Image
News Link • Counter-Economics

Eduardo Saverin Renounces U.S. Citizenship Ahead Of Mega Facebook IPO

• Brian Solomon, Forbes Staff
Eduardo Saverin, the Facebook co-founder immortalized by his falling out with Mark Zuckerberg in the movie The Social Network, has renounced his U.S. citizenship ahead of the company’s IPO.

Saverin, 30, may have made the move for tax reasons, hoping to avoid the highest rates before Facebook goes public. Although born and raised in Brazil before moving to the United States in 1992, he now lives abroad in Singapore. According to a spokeswoman, Saverin actually renounced his citizenship last September, but the information didn’t become public until Bloomberg reported that the IRS released his name on April 30.


Join us on our Social Networks:


Share this page with your friends on your favorite social network: