Press Esc to close
Friday 19 December 2014
News updated at 7:53 PM IST
Weather
Max: 24°C
Min : 18.2°C
In Bengaluru
Generally cloudy

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
People takes protection against cold with woollens...

People takes protection against cold with woollens...

helicopter following a crash during the men's World Cup Downhill skiing...

helicopter following a crash during the men's World Cup Downhill skiing...

a migrant carries a tent trough a field...

a migrant carries a tent trough a field...

King penguins stand on the edge of their tank ...

King penguins stand on the edge of their tank ...

Mount Gamalama spews volcanic ash as it erupts...

Mount Gamalama spews volcanic ash as it erupts...

Kashmiri students wearing shrouds with red colour

Kashmiri students wearing shrouds with red colour

Staff dressed as Santa Claus try to squeeze into a car at a theme...

Staff dressed as Santa Claus try to squeeze into a car at a theme...

The VIP flyover wears a deserted look during Taxi strike in Kolkata...

The VIP flyover wears a deserted look during Taxi strike in Kolkata...

Children during a Christmas celebration at National Centre for Performing Arts ...

Children during a Christmas celebration at National Centre for Performing Arts ...

Hero Action Team during a cycling expedition at Kufri...

Hero Action Team during a cycling expedition at Kufri...

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