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Jan 7, 2022 · Mark Zuckerberg cut out his long-term friend and business partner Eduardo Saverin from Facebook. What was Saverin's settlement after his lawsuit?
Jan 10, 2023 · In this article we explore the Eduardo Saverin settlement, after he sued his Facebook co-founder, Mark Zuckerberg for cheating him out of his shares.
Mar 19, 2019 · Eduardo Saverin is most famous for two things: cofounding Facebook and leaving America for Singapore. What's gotten a lot less attention is his increasingly sprawling $360 million venture...
Nov 3, 2023 · Eduardo Saverin's investments as an entrepreneur have made him a very wealthy man. Ever since he sued Facebook — he ended up reaching a settlement with terms that have not been disclosed — he has seen his net worth skyrocket to as much as $10.8 billion.
- Matt John
In 2009, both suits were settled out of court. Terms of the settlement were not disclosed and the company affirmed Saverin's title as co-founder of Facebook. Saverin signed a non-disclosure contract after the settlement. In 2010, Saverin co-founded Aporta, an online portal for charity.
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May 15, 2012 · Saverin eventually sued Facebook over breach of fiduciary duty. Facebook and Saverin settled, and he walked away with 4% or 5% of the company. That stake is now worth close to $5 billion.