Eduardo Saverin is a billionaire, but he's too cheap to get his eyebrows waxed.

When you’re preparing to receive a billion-dollar windfall in the biggest IPO of all time, it’s a smart move to flee the United States.  Eduardo Saverin, who was Mark Zuckerberg’s friend and business partner at Harvard, owns about 4 percent of Facebook stock as a result of his many court battles with Zuckerberg.  That’s going to be lucrative in a few weeks when Facebook launches its IPO, and has proven very lucrative on the private market.  Hence, to dodge his US tax bill, Facebook’s Eduardo Saverin has renounced his US citizenship in a move that could save him a whole lot of money in a week’s time.

“Eduardo recently found it more practical to become a resident of Singapore since he plans to live there for an indefinite period of time,” said Saverrin’s spokeswoman, Sabrina Strauss.  “He plans to invest in Brazilian and global companies that have strong interests in entering the Asian markets.  Accordingly, it made the most sense for him to use Singapore as a home base.”

Saverin, who has lived in Singapore since 2011, was born in Brazil before becoming a US citizen in 1998.  Saverin is one of 1780 people who renounced US citizenship last year.  He is worth an estimated $2 billion.

Tags: singapore, eduardo saverin, eduardo saverin renounces us citizenship, facebook founder leaves the united states, facebook founder renounces us citizenship, leaving the united states, mark zuckerberg, facebook ipo, sabrina strauss, income tax law, income taxes, leaving the country to avoid taxes, billionaires, facebook founders

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