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Maarat Ayin: Eduardo Saverin’s decision to renounce his U.S. citizenship

By now everyone has heard that Eduardo Saverin, one of the co-founders of Facebook, filed legal papers in September 2011 to formally renounce his American citizenship. Brazilian by birth, Saverin became an American citizen in 1998. Born in Sao Paulo, Saverin’s father was, according to press accounts, a wealthy Jewish industrialist with varied interests in clothing, shipping, real estate and commercial exports.