Eduardo Saverin (Residence Singapore)
Billionaire and facebook co-founder Eduardo Saverin decided to give up his US citizenship, aptly timed to occur before Facebook's initial public offering this week!
Facebook has been valued at nearly US$ 9.6 Billion, and may raise up to US$ 11.8 Billion through its IPO (Initial public offering) on Friday which slated to be the largest in history for an internet company.
Saverin currently owns about 4-5% of the company's share, which would worth an approximate value of US$ 4 Billion after Facebook makes its money of the IPO (Initial public offering).
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