Search results
Jan 7, 2022 · The terms of the settlement weren't discussed publicly, but Saverin reportedly received $5 billion in shares (or 4 to 5 percent of them). Forbes reports that most of Saverin’s net worth comes...
Saverin then filed a suit against Zuckerberg, alleging Zuckerberg spent Facebook's money (Saverin's money) on personal expenses over the summer. 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.
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...
Apr 20, 2023 · 20 April 2023. Getty Images. By Shiona McCallum. Technology reporter. US Facebook users can now apply for their share of a $725m (£583m) privacy-case settlement. The legal action alleged the...
Dec 21, 2023 · After suing Facebook and reaching a settlement with terms that have never been disclosed, Saverin reportedly owns a two per cent stake in the company. Of course, as the company now known...
Nov 3, 2023 · Because the terms of the settlement have never been disclosed, no one knows if Saverin's high net worth came primarily as a result of the amount of money Facebook was liable for. Saverin has also made some business-savvy moves like closing initial deals of $140 million in Asia through B Capital.
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.
