Don't Cry for Eduardo Saverin, Expat Billionaire To Be

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

LinkedIn meets Tinder in this mindful networking app

Swipe right to make the connections that could change your career.

Getty Images
Swipe right. Match. Meet over coffee or set up a call.

No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.

Keep reading Show less

What’s behind our appetite for self-destruction?

Is it "perverseness," the "death drive," or something else?

Photo by Brad Neathery on Unsplash
Mind & Brain

Each new year, people vow to put an end to self-destructive habits like smoking, overeating or overspending.

Keep reading Show less

Can the keto diet help treat depression? Here’s what the science says so far

A growing body of research shows promising signs that the keto diet might be able to improve mental health.

Photo: Public Domain
Mind & Brain
  • The keto diet is known to be an effective tool for weight loss, however its effects on mental health remain largely unclear.
  • Recent studies suggests that the keto diet might be an effective tool for treating depression, and clearing up so-called "brain fog," though scientists caution more research is necessary before it can be recommended as a treatment.
  • Any experiments with the keto diet are best done in conjunction with a doctor, considering some people face problems when transitioning to the low-carb diet.
Keep reading Show less

Douglas Rushkoff – It’s not the technology’s fault

It's up to us humans to re-humanize our world. An economy that prioritizes growth and profits over humanity has led to digital platforms that "strip the topsoil" of human behavior, whole industries, and the planet, giving less and less back. And only we can save us.

Think Again Podcasts
  • It's an all-hands-on-deck moment in the arc of civilization.
  • Everyone has a choice: Do you want to try to earn enough money to insulate yourself from the world you're creating— or do you want to make the world a place you don't have to insulate yourself from?
Keep reading Show less