Smartcompnay.com.au, 18 Jun 2012Tinkler isn’t the only young billionaire in the news right now doing the Singapore sprint. Facebook founder Eduardo Saverin caused a storm when it was revealed days before the company’s disastrous float that he too had shifted to Singapore, thereby renouncing his US citizenship.
Saverin’s spokesman said his move was driven by the fact Singapore is "an attractive place to live and a convenient travel hub for doing business in Asia.
"US citizens are severely restricted as to what they can invest in and where they can maintain accounts. Many foreign funds and banks won't accept Americans." Full story
