HENRY DILTZ, AFP/Getty Images When Rhode Island's Newport Jazz Festival…
Bono's Facebook Investment Worth Nearly $1 Billion
- Posted on Aug 16th 2011 5:00PM by Dan Reilly
Larry Marano, Getty Images
In 2009, Bono's company Elevation Partners invested $210 million into the social network, and thanks to the site's recent valuation at $65 billion, the singer's investment is now worth over four times that amount. Yes, Bono's Facebook stake is now at $975 million.
So, even if he can't keep the cast and crew of 'Spider-Man: Turn Off the Dark' safe, it's obvious that Bono is a pretty savvy businessman. By our calculations, this investment alone could be used to purchase nearly 1.5 million copies of the "Uber Deluxe" edition of the 'Achtung Baby' reissue.
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