Singapore (CNN) -- With all the attention on the Facebook IPO, people have been wondering "Where in the world is Eduardo Saverin?" The co-founder of Facebook, whose falling out with CEO Mark Zuckerberg was immortalized in the film "The Social Network," moved from the U.S. to Singapore in 2009. It was also recently revealed that Saverin, who was born in Brazil, gave up his U.S. citizenship a few months ago and became a permanent Singapore resident. Why Singapore? According to his spokesman, Saverin's move was just "practical" as he plans to invest in companies "that have strong interests in entering the Asian markets. Accordingly, it made the most sense for him to use Singapore as a home base."
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Eduardo Saverin, co-founder of Facebook, moved to Singapore in 2009
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Recently renounced his U.S. citizenship and is a now a permanent Singapore resident
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Saverin's spokesman denies the move was done for tax reasons
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Spokesperson: Asian investments "made the most sense ... to use Singapore as a home"
So depending on the size of his actual stake in @placeholder, Saverin stands to realize substantial tax savings on any stock sales.