{"id":13174,"date":"2024-01-14T10:05:10","date_gmt":"2024-01-14T09:05:10","guid":{"rendered":"https:\/\/www.ceoinfluencers.com\/?p=13174"},"modified":"2024-01-14T10:05:10","modified_gmt":"2024-01-14T09:05:10","slug":"how-much-did-mark-zuckerberg-have-to-pay-eduardo","status":"publish","type":"post","link":"https:\/\/www.ceoinfluencers.com\/how-much-did-mark-zuckerberg-have-to-pay-eduardo\/","title":{"rendered":"How Much Did Mark Zuckerberg Have To Pay Eduardo"},"content":{"rendered":"
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Eduardo Saverin, Mark Zuckerberg’s college friend, first filed a lawsuit against him in 2004. In the lawsuit, Saverin alleged that he had been deprived of most of his shares in Facebook, which he had helped to launch together with Zuckerberg in 2003. Saverin sought a return of the nearly 60 million Facebook shares he had been forced to give up and lost the majority of his ownership rights in Facebook. The amount of money that Facebook paid to Saverin to settle this dispute has never been made public, and the amount remains a mystery. However, given the meteoric rise of the social media platform, Mark Zuckerberg must have had to pay Eduardo Saverin a substantial sum of money in order to settle the case.<\/p>\n

Understanding the Relationship between Mark Zuckerberg & Eduardo Saverin<\/h2>\n

In 2003, Harvard classmates Mark Zuckerberg and Eduardo Saverin co-founded Facebook. Although Saverin played a major role in the venture as its primary investor, Zuckerberg was the one who provided the technical know-how for creating the platform. Since Saverin was a business major, he didn’t have the same level of interest or aptitude for developing the platform, but he still made significant contributions in terms of providing the necessary financing and resources. Shortly after Facebook’s launch, the two college friends had a serious falling-out and their relationship deteriorated.<\/p>\n

According to Saverin, during this time Zuckerberg had plotted to force Saverin out of the business and illegally took most of Saverin’s shares in Facebook. As a result, Saverin only owned a very small stake in the business. Saverin felt he had been wronged in this situation and decided to take legal action against the tech billionaire. This led to the 2004 lawsuit.<\/p>\n

The Amount Paid to Eduardo Saverin by Mark Zuckerberg<\/h2>\n

The details of the settlement agreement between Zuckerberg and Saverin are confidential and do not appear to have been disclosed publicly. The amount paid by Zuckerberg to Saverin as a result of the settlement is widely speculated but never has been verified. What is clear is that Zuckerberg would have had to pay Saverin a significant sum of money if the company’s success was to continue.<\/p>\n