UNBELIEVABLE!! FACEBOOK FOUNDER EDUARDO SAVERIN GIVES UP HIS US CITIZENSHIP!!

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This might come as a shock to a lot of readers but the Facebook co founder just gave up  his US CITIZENSHIP!

Facebook co-founder Eduardo Saverin has given up his U.S. citizenship, a move that will reduce his taxes when Facebook goes public in the coming weeks.




Saverin, who was born in Brazil and moved to the U.S. in 1992 and has been a U.S. citizen since 1998, has decided to become a resident of Singapore. He is said to own around 5 percent of the company, which has a valuation of between $77 billion and $96 billion according to paperwork filed ahead of its initial public offering.
So that means that he will take home 3.86 billion dollars! Taxes in Singapore are supposedly a whole lot less.

Comments

Matthew said…
I hope the Singaporeans throw him in jail after he says something bad about their leader and laugh at him when he whines about "free speech."
7:48 AM
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