Bono makes $1bn off Facebook

2011-08-17 10:01
Anton Marshall
Cape Town – Bono has reportedly benefitted from a wise investment in Facebook, as shares he purchased have quadrupled in two years.

According to the Belfast Telegraph and other sources, "In November 2009 Elevation Partners - a US investment firm in which Bono is a partner - paid $210m for a stake in the social networking giant. After another investor sold its stake in the company... Elevation Partners' stake is now valued at close to $1bn - or $975m to be precise."

Bono will likely welcome the news, after he was called the "worst investor in America" in 2010 by the publication 24/7 Wall Street.

In related news, it was estimated that the band U2 netted around $195m from their record-setting 360° tour.


  • Karoobloed - 2011-08-17 10:56

    Great, now let us see how good he really is - let us see him give 1 billion of his own money to Africa.

      fantasticjac - 2011-08-17 11:19

      What a bitter, truly bitter person you are. It's time for Africa to stop taking donations and time to make ourselves sustainable.

      Mzungu - 2011-08-17 16:20

      Oh shutup fantasticjack. I agree wholeheartedly with Karoobloed. As you maybe dont know, this twat constantly begs us for money for africa, and boasts a range of pleas for help in africa, so Karoobloed is quite right, lets see how much of that money goes into the little africans he is constantly trying to 'help'

  • Matt :-) - 2011-08-17 12:02

    Just a joke... Bono, on stage, says: "Every time I clap my hands, a child in Africa dies of starvation" Chap in the audience: "Well stop f-ing clapping then!"

  • Matt :-) - 2011-08-17 12:02

    He's made a billion bucks, but maybe he "still hasn't found what he' looking for..."

      preshengovender69 - 2011-08-17 16:10

      He must invest in Africa "where the streets have no name"

  • Mzungu - 2011-08-17 16:20

    Whats the difference between god and bono? God doesnt walk around thinking he's Bono

  • Kathleen Hoare - 2011-08-17 19:05

    Its not like he made a billion off facebook. The investment company he is a partner in made a billion... Bit of a false title to the article...

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