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Eduardo Saverin

Twitter Founders Add $1.5B to Personal Wealth With IPO

Twitter's (NYSE:TWTR) initial public offering went off without a hitch on Thursday to much fanfare.But behind the scenes, hidden amid the confetti and banners of Twitter's famous blue bird plastered all over the New York Stock Exchange, were three tech geniuses realizing they had just been catapulted to new levels of celebrity.The micro-blogging site's founders, Evan Williams, Jack Dorsey and Dick Costolo, together added more than $1.5 billion to their personal wealth on Thursday amid Twitter's market debut, according to new data compiled by Wealth-X.Williams, who served as the company's first chief executive, owns the most shares in Twitter at nearly 57 million. He made out best on Thursday with a one-day gain of $1.075 billion, valuing his total stake in Twitter at $2.55 billion at its $44.90 closing price, according to Wealth-X. Dorsey, who owns 23.5 million shares and wrote the initial code for Twitter back in 2006, added $443 million to his personal wealth. His stake at the end of...

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    Mitchell Eichen, Risk 3.0 Asset Management CEO, on the losses JPMorgan is facing and the Facebook IPO.

  2. Is Saverin Trying to De-Friend the U.S.?

    FBN's Peter Barnes on Senators unveiling legislation to punish Eduardo Saverin for renouncing his citizenship.

  3. Judge Napolitano: We Have the Natural Right to Travel

    Judge Andrew Napolitano on the politics behind Facebook co-founder Eduardo Saverin giving up his citizenship.

  4. Is Facebook's Saverin Dodging Taxes?

    FOX Business's Peter Barnes is reporting that Democrats want to introduce legislation to "reimpose" taxes on people who renounce US citizenship and bar their reentry...

  5. Is Saverin a Real American Hero?

    Forbes opinion editor John Tamny explains why Facebook co-founder Eduardo Saverin giving up U.S. citizenship is heroic.

  6. Facebook co-founder 'unfriends' the US

    Brazilian-born Eduardo Saverin renounces US citizenship because he doesn't 'like' high US taxes

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    FBN’s Gerri Willis on the top five youngest billionaires in America.

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  10. What Would You Do To Have Sex on the Moon?

    Author Ben Mezrich on his new book, ‘Sex on the Moon,’ about the heist of moon rocks from NASA.

  11. 'The Social Network' Study

    Does new movie do justice to Facebook's founding?

  12. The Social Network

    Ben Mezrich on how the movie compares to his book!

  1. Facebook Co-Founder Saverin Sees Opportunities in Asian Tech Growth

    Eduardo Saverin, co-founder of Facebook Inc., doesn't expect to repeat the scale of success he had with the popular social network, but says Asia's rapidly expanding...

  2. Has a tax revolt begun in America?

    California taxes too high for some celebs

  3. Gillespie: NATO Shouldn’t Exist Anymore

    Author Nick Gillespie on the protests in Chicago and calls for a “Robin Hood” tax.

  4. Facebook Co-Founder Renounces US Citizenship

    Eduardo Saverin has denounced his American citizenship. New Tax proposed after Facebook Co-Founder renounces citizenship.

  5. Tax Man Makes it Hard to be American

    Peter Dunn renounced his U.S. citizenship last year so he no longer would have to deal with the Internal Revenue Service.He says he's not wealthy, or hiding income o...

  6. Facebook co-founder 'unfriends' US to dodge taxes?

    Two top senators target Eduardo Saverin for renouncing citizenship

  7. Facebook Co-Founder Sparks Tax Debate

    International Tax Advisory Services Partner Susan Brown Otto on Facebook co-founder Eduardo Saverin denouncing his U.S. citizenship.

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