Eduardo Saverin, best known as one of the co-founders of Meta Platforms (formerly known as Facebook), has risen to the top as Singapore’s wealthiest individual in 2024 with an impressive net worth of $29 billion.
His journey from tech startup co-founder to billionaire venture capitalist is a testament to his sharp business acumen, which makes him the wealthiest man in Singapore.
Facebook Co-Founder to Global Investor
Though his name first gained international attention as one of the original co-founders of Facebook, Saverin’s wealth truly began to skyrocket after the company’s IPO in 2012. While he famously reduced his role at Facebook early on, his decision to retain a substantial stake in the company paid off significantly, providing the foundation for his immense fortune.
Saverin moved to Singapore in 2009 and renounced his U.S. citizenship, setting the stage for his second act as a major venture capitalist. His decision to base himself in Singapore not only gave him access to the growing Southeast Asian tech market but also aligned him with the region’s booming economy, positioning him as one of the top business figures in the Asia-Pacific region.
B Capital Group: His Next Big Move
In 2015, Saverin co-founded B Capital Group, a venture capital firm focused on investing in early-stage and growth-stage companies. B Capital has raised billions of dollars and has investments in cutting-edge technologies like artificial intelligence, fintech, healthcare, and enterprise software.
His approach through B Capital has been methodical, targeting disruptive companies that show strong potential for long-term growth. By 2024, the firm had expanded its portfolio globally, with investments in startups in the U.S., Europe, and Asia. Saverin’s focus on technology-driven innovation has played a pivotal role in his success, as he continues to back companies that are revolutionizing industries.
Saverin’s wealth isn’t just tied to Facebook and B Capital Group. He has made diverse investments in both public and private markets, from cutting-edge tech startups to more established companies. His portfolio reflects a careful balance between high-growth, riskier ventures, and stable, long-term assets.
He is known for his preference for staying out of the media spotlight and keeping a relatively low public profile despite his wealth and success. Saverin prefers to let his investments do the talking, continuously pushing the boundaries of technology and entrepreneurship without making headlines himself.
Philanthropy and Personal Interests
Eduardo Saverin has also begun to engage more deeply in philanthropy. Although not as high-profile as some other billionaires in this arena, he has donated to various causes, particularly those focused on education and technology. His financial support of institutions aiming to promote innovation aligns with his professional interests, further enhancing his legacy in the tech world.
In his personal life, Saverin is known for maintaining a private lifestyle, although his marriage to Elaine Andriejanssen in 2015 gained media attention. The couple resides in Singapore, where Saverin continues to influence the global tech and venture capital scene.
As of 2024, Eduardo Saverin stands at the top of Singapore’s elite, with a $29 billion net worth that continues to grow. His strategic pivot from tech entrepreneur to global investor has proven that his business acumen goes far beyond Facebook. Saverin’s success story is a blueprint for modern entrepreneurship—building wealth through innovation, foresight, and a keen eye for emerging trends.
His role in shaping the future of technology through B Capital Group and his continued investments in disruptive industries ensure that Saverin will remain at the forefront of the tech world for years to come. In Singapore and beyond, he is regarded as one of the top visionaries leading the digital revolution.