Press Esc to close
Friday 23 June 2017
News updated at 2:34 AM IST

Bono's share in Facebook now worth 728 million

Last updated: 15 January, 2011
London, Jan 15, (PTI) : 7:28 IST

'U2' frontman Bono's decision to invest in Facebook has paid off as the value of his share in the social networking website has almost quadrupled in the past year.

The rocker purchased 1.5 per cent of the company for USD 195 million last year as the managing director of Elevation Partners, the investment firm he co-founded in 2001, reported Sun online.

Now his slice of Facebook, is worth a staggering USD 728 million after the popular site's value rocketed to USD 50 billion earlier this month.

Bono will be able to cash in his share once the privately-held site is floated on the stock exchange.

But his firm was branded "worst investor in America" after buying 25 per cent of mobile communications firm Palm, only to see its value plummet soon after. PTI KKR PBL 01150709

Go to Top

Photo Gallery
Telugu actor Allu Arjun speaks during promotion of the film'DJ' in Bengaluru on Thursday...

Telugu actor Allu Arjun speaks during promotion of the film'DJ' in Bengaluru on Thursday...

A woman gingerly makes her way through a flooded road in Guwahati after heavy rains...

A woman gingerly makes her way through a flooded road in Guwahati after heavy rains...

A man jumps into Lake Walensee, with the Churfristen mountain range in the background...

A man jumps into Lake Walensee, with the Churfristen mountain range in the background...

A man sketches a portrait of Hindi Lord Shiva to earn money alongside a road in Kolkata...

A man sketches a portrait of Hindi Lord Shiva to earn money alongside a road in Kolkata...

A rhino with its calf at the Pobitora Wildlife Sanctuary in Morigaon district of Assam...

A rhino with its calf at the Pobitora Wildlife Sanctuary in Morigaon district of Assam...

An Icelandic horse shakes off flies in its paddock in Anspach near Frankfurt...

An Icelandic horse shakes off flies in its paddock in Anspach near Frankfurt...

The Namma Metro Train work is going on at R V Engeeniring College,Mysuru Road in Bengaluru...

The Namma Metro Train work is going on at R V Engeeniring College,Mysuru Road in Bengaluru...

Portugal's Cristiano Ronaldo attends a training session at the Spartak Stadium in Moscow, Russia...

Portugal's Cristiano Ronaldo attends a training session at the Spartak Stadium in Moscow, Russia...

A helicopter drops water as U.S. Forest Service firefighters and several other departments battle...

A helicopter drops water as U.S. Forest Service firefighters and several other departments battle...

A tiger licks a block of ice containing chicken parts offered by zoo keepers during the summer...

A tiger licks a block of ice containing chicken parts offered by zoo keepers during the summer...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.