This is Zuckerberg’s former Harvard roommate, one of Facebook’s early founders (he’s the guy played by Andrew Garfield in “The Social Network”). Mr. Saverin, who used to own over a third of Facebook, was phased out of the company early on, suing Zuckerberg and settling out of court.
Saverin actually dumped most of his Facebook stock early, and now owns less than a 5 percent stake. But he aims to make the most of those shares when the IPO debuts. He has been living in Singapore since 2009, and renounced his US citizenship in September 2011 to avoid paying taxes on the billions he will make when Facebook goes public. The reason: Singapore does not have a capital gains tax.
