Press Esc to close
Friday 24 October 2014
News updated at 1:00 AM IST
Weather
Max: 0°C
Min : 0°C
In Bangalore
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
Hindu priest performs evening prayers called 'Aarti' on the banks of the river Yamuna...

Hindu priest performs evening prayers called 'Aarti' on the banks of the river Yamuna...

Dakshineswar Temple decorated with lights for the Kali Puja and Diwali at North 24 Pargana...

Dakshineswar Temple decorated with lights for the Kali Puja and Diwali at North 24 Pargana...

Firecrackers light up the sky as people celebrate Diwali festival in Mumbai...

Firecrackers light up the sky as people celebrate Diwali festival in Mumbai...

School students lighting earhen lamps at Tulsi Ghat in Varanasi...

School students lighting earhen lamps at Tulsi Ghat in Varanasi...

A view of decorated Madan Mohan Malviya Stadium with oil lamps during Deepwali festival...

A view of decorated Madan Mohan Malviya Stadium with oil lamps during Deepwali festival...

Illuminated Golden Temple on the eve of Diwali in Amritsar...

Illuminated Golden Temple on the eve of Diwali in Amritsar...

Children with special needs light firecrackers as they celebrate Diwali...

Children with special needs light firecrackers as they celebrate Diwali...

Border Security Force (BSF) soldiers enjoy Diwali celebrations on the eve of Diwali...

Border Security Force (BSF) soldiers enjoy Diwali celebrations on the eve of Diwali...

Hindu priests light oil lamps in a formation of the 'Swastika', a Hindu symbol of peace...

Hindu priests light oil lamps in a formation of the 'Swastika', a Hindu symbol of peace...

A Border Security Force (BSF) soldier lights sparklers on the eve of Diwali...

A Border Security Force (BSF) soldier lights sparklers on the eve of Diwali...

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