Press Esc to close
Saturday 23 May 2015
News updated at 2:34 AM IST
Weather
Max: 31.5°C
Min : 22.8°C
In Bengaluru
Sunny day

Bono's share in Facebook now worth 728 million

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

'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
Guru Arjun Devji's martyrdom day...

Guru Arjun Devji's martyrdom day...

People admire at a part of bronze statue of Lachit Borphukan...

People admire at a part of bronze statue of Lachit Borphukan...

Youths pelt stones at the police during a protest...

Youths pelt stones at the police during a protest...

Students celebrate their success in the West Bengal...

Students celebrate their success in the West Bengal...

Young girls shelter under an umbrella during heavy rains...

Young girls shelter under an umbrella during heavy rains...

Kashmiri Muslims cry and pray upon seeing a relic of Prophet Mohammed...

Kashmiri Muslims cry and pray upon seeing a relic of Prophet Mohammed...

Defence Minister Manohar Parrikar and Army Chief General Dalbir Singh Suhag...

Defence Minister Manohar Parrikar and Army Chief General Dalbir Singh Suhag...

Nomads during seasonal migration from Jammu province...

Nomads during seasonal migration from Jammu province...

Bollywood actors Lauren Gottlieb, left, and Jackky Bhagnani...

Bollywood actors Lauren Gottlieb, left, and Jackky Bhagnani...

Irate mob torch a truck after it killed a man...

Irate mob torch a truck after it killed a man...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523