Eduardo Saverin, the billionaire Facebook co-founder portrayed by Andrew Garfield in The Social Network, is no longer an American citizen.
Saverin, 30, renounced the U.S. citizenship he gained as a teenager in advance of the company's impending IPO, a move met with criticism.
He's accused of trying to skip out on taxes with the move, though the Brazilian-born resident of Singapore has done nothing illegal at any point.
Eduardo Saverin co-founded Facebook at age 21, was forced out two years later, sued CEO Mark Zuckerberg and ultimately settled out of court.
He was given a share of the company that left him phenomenally wealthy.
His stake, 4 percent of the company, will most likely be worth more than $3 billion when Facebook goes public Friday. Hence his exit now.
Saverin joins a growing number of people giving up U.S. citizenship, a move that can trim their tax liabilities when residing in lower-tax nations.
Said Tom Goodman, a spokesman for Saverin, in an e-mailed statement:
“Eduardo recently found it more practical to become a resident of Singapore since he plans to live there for an indefinite period of time.”