May 4th, 2012
07:44 AM GMT
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Hong Kong (CNN) – The frayed relationship between Eduardo Saverin and Mark Zuckerberg served as the emotional core of the 2010 movie, “The Social Network.”

As Zuckerberg stands to make billions from the Facebook IPO, where is his one-time friend, Saverin? For the past three years, Saverin has made Singapore his home.

As the Wall Street Journal reports, the 30-year-old has become a local celebrity in Singapore, where he has provided investment for a handful of companies and mentored a former Miss Singapore in her cosmetics venture. Compared to Zuckerberg’s spendthrift reputation – driving an Accura and his modest home in Palo Alto, California – Saverin owns a luxury penthouse apartment, drives a Bentley and has a reputation for running Cristal Champagne-fueled bar tabs that can climb as high as $50,000 a night.

Saverin – among the company’s first investors and one-time CFO – sued Zuckerberg after he was sidelined and his shares in Facebook diluted. The lawsuit was settled out of court in 2009 with Saverin receiving a reported 5% stake in the company. That same year Saverin relocated to Singapore, as first reported by TechCrunch in 2010.

Saverin still holds an estimated 2% of the company’s shares – which, considering that Facebook’s IPO could value the company as high as $95 billion, “can go a long way,” the Wall Street Journal reports.  Forbes magazine estimates his wealth at $2 billion, ranking him the 634th richest person in the world, and recently included him in its list of “The World’s 12 Most Eligible Billionaire Bachelors.”

Another co-founder of Facebook is Dustin Moskovitz, who edged out Zuckerberg as the world’s youngest billionaire in 2011, according to Forbes.

Co-founder Chris Hughes, alas, appears only to be a multi-millionaire – but still rich enough to buy controlling stake of the venerable Washington magazine “the New Republic” earlier this year.

Of the four who co-founded Facebook, Zuckerberg is the only one who has stayed with the company.



soundoff (57 Responses)
  1. Sam

    Mark Zuckerberg is a typical jew. He completely reaped all the benefits and gave Eduardo just a tiny fraction of what he deserves.

    May 4, 2012 at 10:48 am |
  2. Victor

    Sam – your comment is that of a typical loser. If you think that only Jews do that, clearly you voted for George Bush.

    May 4, 2012 at 11:08 am |
  3. cacalips

    SAM, YOU ARE RIGHT ON. Although everyone is capable of bad business, the jewish sector is filled. I speak as a business major, americain who moved to Europe. EU is infested with illegal and penny pinching and just bad ethical practices by the jewish community. Touch em, they cry, leave em, they cry, and the business erodes.

    May 4, 2012 at 11:19 am |
  4. julian

    Eduardo Saverin is also a Jew, so I don't understand your point.

    May 4, 2012 at 11:34 am |
  5. Mark N

    This doesn't seem to make sense: "Compared to Zuckerberg’s spendthrift reputation – driving an Accura and his modest home in Palo Alto, California – Saverin owns a luxury penthouse apartment, drives a Bentley and has a reputation for running Cristal Champagne-fueled bar tabs that can climb as high as $50,000 a night." Sounds to me like Saverin is the spendthrift, which is defined as a person who spends wastefully.

    May 4, 2012 at 11:53 am |
  6. YoYoMe

    Thanks Mark N, good catch, checked the dictionary and you're right. Learn something new everyday.

    May 4, 2012 at 1:22 pm |
  7. Frank

    Mark? Some of these guys who write articles are not that clever.

    May 4, 2012 at 1:23 pm |
  8. Ed

    @Mark... haha, i was also scratching my head when i reached the part where the writer used the word 'spendthrift'.

    May 4, 2012 at 2:01 pm |
  9. Jamie

    The author was being ironic guys, he used the term 'spendthrift' as a toung in cheek refrence to Zuckerburgs auster lifestyle. Imagin stating a fact while rolling your eyes, in literary terms the technique is the equivilant. :) He did not mean it as a literal definiton of Zuckerburgs character.

    May 4, 2012 at 2:07 pm |
  10. Maria Bogren

    Victor – Yes, Sam's comment is beyond ridiculous but your comment is idiotic. If his comment proves that he voted for Bush then yours proves that you're a communist. Yes, it's about as logical. Moron

    May 4, 2012 at 2:57 pm |
  11. IChicago

    @cacalips
    If what you're saying is true, that is disturbing as hell.

    May 4, 2012 at 4:19 pm |
  12. Daniel Woolman

    Saverin is also jewish :) dont hate us cause we are smart!

    May 4, 2012 at 7:08 pm |
  13. Justan Observer

    I am so glad you folks are stupid enough to post your ignorant and hateful anti-Semitic comments online. It took me many years to realize the degree of anti-Semitism in the U.S. But tell me...why does everyone want to hire a "smart" Jewish lawyer or see a Jewish Doctor?

    May 4, 2012 at 9:15 pm |
  14. Whybother

    Wow, what a bunch of narrow minded, racist, anti-semitic, politically unsophisticated and just generally ignorant human beings (I use that last term lightly) some of you are to actually make these comments.

    May 6, 2012 at 1:52 am |
  15. Ved

    All these guys making hate remarks must have seen the social network movie or must have read mezrichs book.Read the Facebook effect for the real story and u will realise that zuckerberg is just a guy who will order pizza and code all the time

    May 6, 2012 at 4:54 am |
  16. brian

    all that money and he moves to singapore?@!# just goes to show you that having all that $$$ still cant buy you taste

    May 6, 2012 at 12:57 pm |
  17. Stan

    @cacalips, can't even spell "American"? No wonder you have to major in business; the major for people just trying to get a college degree in something.

    Maybe you should head over to Greece; the Golden Dawn would love you.

    May 7, 2012 at 9:21 pm |
  18. Colin in Rochester, NY

    Why is the BBC giving an on-line platform for this kind of vile anti-Semitism? Please take down these comments now.

    May 8, 2012 at 1:56 am |
  19. Jojo

    Voight, you need to look up the word "spendthrift."

    May 8, 2012 at 5:11 pm |
  20. Yawn

    Saverin & Zuckerberg's $$$ is all on paper.....it can all vanish in the blink of an eye....

    May 9, 2012 at 1:14 am |
  21. tim

    that outfit he has on is terrible. Goes to show you that all the money in the world can't buy you class.

    May 9, 2012 at 6:01 am |
  22. Dictionary

    What is an "Accura"?

    May 9, 2012 at 3:14 pm |
  23. DealwWithIt

    Sounds like a few of you fellows are extremely jealous.

    May 9, 2012 at 6:48 pm |
  24. Pixillated

    If the writer was attempting irony, he should practice more before trotting it out in public. I love irony, but his usage of "spendthrift" has be convinced he simply did not know what it meant.

    Dictionary - Google it. You are already on the Internet.

    May 9, 2012 at 8:27 pm |
  25. Pixillated

    "has be convinced" = "had me convinced"

    May 9, 2012 at 8:33 pm |
  26. Reasonably

    Zuck's the only one to have stayed with the company because the other originals would rather eat cat p**p than keep working with that tool.

    May 9, 2012 at 9:22 pm |
  27. steve

    actually it states his "spendthrift reputation" as in "he might have a reputation of being spendthrift but actually this other guy is"

    May 9, 2012 at 10:06 pm |
  28. Robyn

    Isn't it about time for the annual "suing of the Winklevosses"?
    When the once mighty Winklevoss swoops down from its vampire bats in belfry towers to try to attach to Zuckerberg's jugular and suckle a few million more out of its rich, dumb, helpless prey.

    May 10, 2012 at 1:48 am |
  29. Rick

    Saverin is a Brazilian jew, from Sao Paulo.

    May 11, 2012 at 12:36 am |
  30. Danzig

    Moved to Singapore? Well they do have a higher standard of living, less crime, no anti semitism, smarter people, etc

    May 11, 2012 at 12:33 pm |
  31. DeeNYC

    Eduardo apparently has a thing for asian women which is probably why he moved there.

    May 11, 2012 at 3:13 pm |
  32. MenloC

    The article author uses the word "spendthrift" incorrectly.

    May 11, 2012 at 4:40 pm |
  33. benthvedt

    God damn it, I need to start a popular website. People be getting rich.

    May 12, 2012 at 2:15 am |
  34. bcbbcb

    Both of these guys are enormously wealthy. They have enough money to live a lifestyle that hard-working people can truly not imagine. Living abroad, spending 50,000 on alcohol in one night, jet-setting, etc. I feel like Zuckerberg and that napster nerd ripped off Eduardo, but by the same token they have made his lemons into lemonade by making a legendary internet property. The whole thing has been settled in the courts and Eduardo will continue to profit from Facebook Zuckerberg and the napster nerd are typical dishonest businessmen and that is no surprise in this capital driven sector. As for the anti-semitic comments that started this thread, shame on you and anyone that cannot separate their racist thoughts from a public discourse.

    May 12, 2012 at 9:15 am |
  35. Platypus

    So.... People are upset with Zuckerberg and decrying his heritage because he was involved in starting a successful venture and became wealthy from it?? Shame on him. I'm not a Jew, but it seems to me that his success story and those of other Jews would lead one to conclude that they are pretty high on the human "food chain".... Instead of trash talking successful people, put that energy into your own success,

    May 14, 2012 at 9:48 pm |
  36. b0bc4t

    He may be richer than King Midas, but he still looks like Mr. Potatohead with his mouth put on crooked. Nice Hair!

    May 15, 2012 at 10:37 pm |
  37. Chris

    A $7 million dollar home is "modest"??? lol!!!

    May 16, 2012 at 3:50 pm |
  38. Pablo

    Zuck for president!!! He is a genius. I believe he could fix the world and bring us all together to be one big, happy, world. Am i right?

    May 16, 2012 at 5:20 pm |
  39. jd

    zuck's a genius. i'd be one of his dumb friends that got out too early...

    May 17, 2012 at 5:13 pm |
  40. james

    My kind of guy–Getting the heck out of Dodge and protecting his money from USA Taxes is pretty smart. I am sure that there are many other moneyed people doing the same. If I could figure out a way to do the same with my meager sum of retirement income I would too.

    May 17, 2012 at 7:01 pm |
  41. aavant

    What's the difference betwen Saverin's actions and Romney's offshore accounts and carried interest scams, and car elevators? After all, it's "legal".

    May 21, 2012 at 2:07 am |
  42. Mike K.

    Wow this thread took a nosedive right off the edge of the article.

    May 21, 2012 at 12:09 pm |
  43. Badaboom

    As zuck drives facebook into the ground he tries to cash out! LOL who wants to own stock where he only owns 18% but his vote counts for 57%. DIctators country's always crash n burn.

    May 23, 2012 at 2:44 am |
  44. David

    Completely misusing "spendthrift" and misspelling "Acura" in the same sentence... wow, ever heard of copy editors?

    May 23, 2012 at 1:35 pm |
  45. HELEN

    Sam, what is a typical Jew?, do you mean the kind of Jew that appears in anti semitic literature written by nazis, klan members and hamas?, if yes, then you sound more like a typical Jew.

    May 23, 2012 at 3:06 pm |
  46. Troll

    @Sam = Successful Troll is Successful

    May 23, 2012 at 5:18 pm |
  47. a disaster

    facebooks co founder was the smart one he got out of america!

    May 23, 2012 at 7:39 pm |
  48. Jacob

    Is this CNN? Who proofreads these things? At least spell Acura correctly.... http://www.acura.com/

    May 23, 2012 at 11:07 pm |
  49. Fred

    Actually, the use of "spendthrift" was correct and not sarcastically. A word is defined by how it is understood. As a curiousity (because i thought 'spendthrift' meant cheap, tight with money) I asked around a bit. The majority in my rough poll (11 / 13, mostly less than 35 years of age) agreed with my definition. So who is correct? The dictionary or the people? I'd have to go with the dictionary. ... It is worth noting that one of the people who agreed with the dictionary is a foreigner who learned English in a class.

    May 24, 2012 at 8:57 am |
  50. confused by idiots

    what does being Jewish have to do with anything? what factor does that play in a conversation? why would it matter what ethnicity the creators of Facebook are? I think the people who have negative comments to add about Jewish people clearly have a lack of self esteem. I guess you need to do whatever makes you feel better inside so that you can live another day without jumping off a building. My only angst with these guys is that I was clearly not smart enough to think of this idea myself.

    May 24, 2012 at 5:41 pm |
  51. AndyM

    With 2 billion dollars I'd be partying it up too. At 30, or even 50, with that kind of money, why settle down and get married? Oh yeah, I know: Money can't buy you love. Yeah, that is what broke losers say. With divorce rates at 50% and 2 billion in the bank, I'd have a different woman for each night of the week and wouldn't think twice about running up my bar tab either.

    More power too him. I am merely envious I don't have the financial resources he does.

    May 28, 2012 at 3:25 am |
  52. Randall Bart

    Misusing "spendthrift" and misspelling "Acura" in the same sentence indicates the writer doesn't care to get details right. I prefer writers who care about the facts.

    May 30, 2012 at 1:58 am |
  53. sarai

    CNN: Dosen't anyone edit these comments? Why are you giving Anti-semitism this platform from which to spew its hatred and venomous lies? Would or do you in these posts also tolerate racist, misogynistic or other such type of "comments"?
    Actually, I just read the CNN Rules of Conduct and see that the comments I'm referring to are clearly not allowed. But how are you enforcing these Rules if there is no screening process?

    May 30, 2012 at 3:10 am |
  54. marnie hayden

    You need to censor the anti semitic morons posting here. It's bad enough to read them but they reflect on you!

    June 1, 2012 at 10:16 am |
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