Saverin treated ‘like he’s a Kardashian’ on Island home
Facebook co-founder Eduardo Saverin may have been stripped of his throne at the U.S. social networking company, but abroad he lives like a king.
The 30-year-old lives in Singapore, where he’s treated like royalty – or at least like a Kardashian, according to a report in the Wall Street Journal.
Saverin’s exploits are fodder for media gossip, and he is reportedly often spotted schmoozing with models and rich bigwigs at the hottest nightclubs where he racks up sky-high bar tabs.
Friends told the newspaper that Saverin drives a Bentley, dresses in pricey clothes and lives in one of the island’s most luxurious penthouses.
The Atlantic writes that Saverin is “living like [reality star Kim] Kardashian in Singapore.”
In the hit movie, “The Social Network,” Saverin’s character (played by actor Andrew Garfield) initially owned about one-third of the multi-billion dollar company before he claims CEO Mark Zuckerberg convinced him to sign away his rights, diluting his shares.
Facebook’s initial public offering values the company at as much as $95 billion. Though Saverin’s stake has reportedly shrunk from around 34% to 2%, he is still living large.
It’s not clear why Saverin chose Singapore, where he moved at the end of 2009. But according to the Journal, it is a strageci location for business and he had travelled to the country before.
Facebook plans to sell its shares in a couple of weeks for $28 to $35 each. It would be the biggest IPO ever for an Internet company.
Zuckerberg will keep tight control over the company even after the IPO and will likely own about 31.5% of the company’s outstanding stock, with his holdings estimated at $17.6 billion.
That would place Zuckerberg around No.33 on the Forbes list of richest people.
With News Wire Services
