Facebook Co-Founder Who Fell Out With Mark Zuckerberg Is Now Singapore's Richest Person
Portfolio Pulse from Ramakrishnan M
Eduardo Saverin, co-founder of Meta Platforms Inc (NASDAQ:META), formerly Facebook, is now Singapore's wealthiest resident with a net worth of $16 billion. His wealth has surged by $6.4 billion this year, primarily driven by Meta's stock prices, which increased by nearly 70% since the last wealth assessment. Saverin also co-owns B Capital Group, a venture capital firm managing assets worth $6.3 billion.

September 11, 2023 | 12:40 pm
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Meta Platforms Inc's stock prices have significantly contributed to the increase in Eduardo Saverin's wealth. The stock prices have increased by nearly 70% since the last wealth assessment.
The news highlights the significant increase in Meta's stock prices, which have contributed to the increase in Eduardo Saverin's wealth. This indicates a positive performance of the company's stock, which could potentially attract more investors.
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