Bono, The Clash, P Diddy and myself have decided to take a controlling interest of Facebook.
Bono’s Facebook Stake Set to Make Him the Richest Rock Star on the Planet
Quote:
Bono, owns 1.5 percent of the shares in Facebook through his private equity firm, Elevation Partners. That makes his stake in the company worth just shy of a billion dollars.
According to the online publication, 24/7 Wall Street, Elevation invested $300 million in Forbes in 2006. Forbes value had dropped seven fold by 2010. A $100 million investment in Move.com resulted in a 50 percent loss, and Elevation only recovered its investment in Palm when the tech company was sold to Hewlett Packard. These sketchy investments landed Bono the title of world’s worst investor in 2010. But who’s laughing now?
xhttp://news.yahoo.com/bonos-facebook-stake-set-him-richest-rock-star-165900680.html