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Facebook co-founder Eduardo Saverin is Singapore's 8th richest

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New Delhi: Facebook co-founder Eduardo Saverin, who renounced his US citizenship earlier this year, made his debut on a Singapore rich list published by Forbes Magazine.

 

Brazilian-born Saverin, 30, is No.8 on the list with an estimated net worth of $2.2 billion.

 

Saverin has been living in Singapore since 2009 but only gave up his U.S. citizenship ahead of Facebook's initial public offering.

 

The Southeast Asian city-state, which has no capital gains tax, is the main Asian centre for private banking and has long been a magnet for wealthy people from around the region.

 

Other non-Singapore-born people on the list include New Zealand native Richard Chandler, ranked No.5 with an estimated wealth of $2.9 billion, and China-born founder of property developer Yanlord Land Zhong Sheng Jian, at No.12 with $1.4 billion.

 

Indian telecom magnate BK Modi, who became a Singapore citizen earlier this year, is No.23 with an estimated fortune of $755 million.

 

copyright @ Thomson-Reuters 2012

Story first published on: July 26, 2012 15:40 (IST)

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