Eduardo Saverin overtakes Jorge Lemann to become the world’s richest Brazilian

RIO DE JANEIRO, BRAZIL –  Eduardo Saverin, a co-founder of Facebook, reached the position of wealthiest Brazilian billionaire, surpassing Jorge Paulo Lemann, on Monday (5). According to Forbes magazine’s ranking, Saverin, 39, has a fortune of US$19.5 billion, against Lemann’s US$19.2 billion.

The Facebook co-founder’s fortune comes, in large part, from his shareholding in big tech. Saverin founded the social network in 2004 with Harvard University classmates, including Mark Zuckerberg – now CEO of the company that encompasses Instagram and WhatsApp.

In 2016 he launched the investment fund B Capital alongside Raj Ganguly. According to reports from Forbes, the company has raised US$766 million so far and invests in technology companies in Asia, Europe, and the United States.

Born in São Paulo in 1982 and raised in the United States since 1992, Saverin renounced his US citizenship in 2012 and is currently resident in Singapore. In 2020, the entrepreneur ranked 4th in Forbes’ ranking of the richest people in the Asian country. Currently, on the global list, he is listed in 95th place.

Lemann, in turn, is a majority shareholder in the multinational beverage company Anheuser-Busch InBev, a result of the merger of Brazil’s Ambev and Belgium’s Interbrew.

Another investment of Lemman, who is 81 years old, is Restaurant Brands International, the parent company of Burger King. The billionaire also has a foundation, which bears his last name, linked to education.

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