Don't Cry for Eduardo Saverin, Expat Billionaire To Be
From 2011-2014, Daniel Honan was the Managing Editor at Big Think. Prior to Big Think, Daniel was Vice President of Production for Plum TV, a niche cable network he helped launch in 2002. The production team he oversaw won over two dozen Emmy awards. Daniel has created numerous shows and documentaries for television, and his film credits include Stealing the Fire, a documentary on the black market for nuclear weapons technology.
Follow Daniel on Twitter @DanielHonan
Remember the scene in "The Social Network" when Mark Zuckerberg's friend and Facebook co-founder Eduardo Saverin is pushed out of the company and physically escorted out of the building?
Some believe Saverin got his sweet revenge when he spilled the beans as Ben Mezrich's main source for The Accidental Billionaires. Saverin has since entered the public imagination as the friend that Mark Zuckerberg so rudely defriended.
And yet, Saverin didn't end up getting such a bad deal after all. He owns a 4 percent stake in Facebook which could be worth an estimated $3.84 billion after the company's valuation. To cut his tax liabilities the Brazilian-born Saverin is giving up his U.S. citizenship to become a citizen of Singapore. Singapore does not tax capital gains.
But who exactly is Eduardo Saverin? And what should we make of the way he was portrayed in "The Social Network" -- as opposed to what happened in real life?
To answer that question, we asked one of the people that was present at the creation, Facebook's first major investor Peter Thiel. Thiel says "The Social Network" presented the story of Facebook as "a zero sum game," which is a bit too much of a caricature.
Watch the video here:
Follow Daniel Honan on Twitter @Daniel Honan
The controversy around the Torah codes gets a new life.
- Mathematicians claim to see a predictive pattern in the ancient Torah texts.
- The code is revealed by a method found with special computer software.
- Some events described by reading the code took place after the code was written.
Pfizer's partnerships strengthen their ability to deliver vaccines in developing countries.
- Pfizer is helping to drive the UN's sustainable development goals through partnerships.
Orangutans join humans and bees in a very exclusive club
- Orangutan mothers wait to sound a danger alarm to avoid tipping off predators to their location
- It took a couple of researchers crawling around the Sumatran jungle to discover the phenomenon
- This ability may come from a common ancestor
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