CURRENT AFFAIRS

Detailed explanation-1: -Saverin became a Singapore resident after giving up his US citizenship in 2012.

Detailed explanation-2: -Eduardo Saverin cofounded Facebook with Harvard classmate Mark Zuckerberg in 2004. Now a venture capitalist, he still derives most of his wealth from his small but valuable stake in Facebook. In 2016, he launched venture fund B Capital, with BCG and Bain Capital veteran Raj Ganguly.

Detailed explanation-3: -Elon Musk, who holds the first position as the richest person in the world, if we talk about his total assets, we find that his total assets are around two hundred and fifty billion dollars. According to World Richest Man 2023 Today, Elon Musk’s SpaceX-owned rocket company is estimated to be worth around $100 billion.

Detailed explanation-4: -The majority of Saverin’s fortune is derived from his stake in Meta Platforms, formerly Facebook. He owns about 2% of the company, according to its 2022 proxy statement. The world’s largest social network has 2.9 billion monthly active users, according to its 2021 fourth-quarter earnings report.

Detailed explanation-5: -Eduardo Luiz Saverin (/ˈsævərɪn/; Portuguese: [eduˈaɾdu luˈis ˈsaveɾĩ]; born March 19, 1982) is a Brazilian billionaire entrepreneur and angel investor based in Singapore. Saverin is one of the co-founders of Facebook.