info@ceoworld.biz
Thursday, March 28, 2024
CEOWORLD magazine - Latest - CEO Spotlight - Eduardo Saverin’s Rise in Venture Capital and Wealth Displacement

CEO SpotlightMoney and Wealth

Eduardo Saverin’s Rise in Venture Capital and Wealth Displacement

Eduardo Saverin, renowned for co-founding Meta Platforms, has further solidified his financial standing as a co-owner of venture capital firm B Capital Group, managing a substantial $6.3 billion in assets. His net worth is around $25.9 billion. His remarkable achievements in the financial realm have propelled him to the forefront, surpassing Li Xiting, chairman of Shenzhen Mindray Bio-Medical Electronics, a leading supplier of medical devices.

A Brazilian native, Saverin has been a resident of Singapore since renouncing his US citizenship in 2012, a move made in anticipation of Facebook’s IPO. Saverin, alongside Harvard classmate Mark Zuckerberg, co-founded Meta Platforms, formerly known as Facebook, in 2004. Despite transitioning into venture capitalism, Saverin continues to derive a significant portion of his wealth from his valuable stake in Meta.

In 2016, Saverin, along with Raj Ganguly, a veteran from BCG and Bain Capital, launched the venture fund B Capital, which now boasts assets under management totaling $6.5 billion. Notably, in July 2022, B Capital successfully raised $250 million earmarked for investments in early-stage startups.

Beyond his financial endeavors, Saverin has diverse interests, including a background as a competitive chess player from 1997 to 2001. At 41 years old, Eduardo Saverin’s journey from co-founding a social media giant to becoming a prominent figure in the venture capital landscape underscores his entrepreneurial prowess and strategic foresight.

 

Have you read?
Top 50 global artists list, 2023: These are the most successful living artists in the World.
These Are The Most Popular Songs For The Workplace Productivity.

25 of the world’s oldest billionaires in 2023, ranked.
Ranked: Countries That Produce the Most Carbon Dioxide (CO2), 2023.
Ranked: These Are The Most Desirable Jobs in the World, 2023.
Ranked: U.S. states by the number of billionaires, 2023.


Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.

This report/news/ranking/statistics has been prepared only for general guidance on matters of interest and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, CEOWORLD magazine does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.


Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
SUBSCRIBE NEWSLETTER
CEOWORLD magazine - Latest - CEO Spotlight - Eduardo Saverin’s Rise in Venture Capital and Wealth Displacement
Anna Siampani
Anna Siampani, Lifestyle Editorial Director at the CEOWORLD magazine, working with reporters covering the luxury travel, high-end fashion, hospitality, and lifestyle industries. As lifestyle editorial director, Anna oversees CEOWORLD magazine's daily digital editorial operations, editing and writing features, essays, news, and other content, in addition to editing the magazine's cover stories, astrology pages, and more. You can reach Anna by mail at anna@ceoworld.biz