What would you do for money? Would you give up your US citizenship? Well, for an estimated $67 million in savings on taxes, that exactly what Facebook co-founder Eduardo Saverin is doing.
He is actually renouncing his U.S. citizenship to avoid a large tax payment. But what it really means is that he just kissed off his chances of ever stepping foot in the states again.
Keep reading for more… after the jump.
If you had to choose between Apple CEO Steve Jobs and Facebook founder Mark Zuckerberg, who would you think is the richest? If you still think Steve Jobs has the lead, you’d be sadly mistaken. This and other news was released today in the Forbes 400 Richest People in America list, a compilation of the country’s 400 wealthiest people.
The Facebook clan has a presence on the list with Zuckerberg seeing the largest relative increase. He more than tripled his fortune to $6.9 billion and deservedly took the 35th spot on the list. He is not alone because fellow Facebook co-founders Eduardo Saverin and Dustin Moskovitz joined the list with respective fortunes of $1.15 billion and $1.4 billion. At only 26 years old, Moskovitz is the youngest billionaire in the world.