Bono’s Stake In Facebook Quadruples In Value

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January 14, 2011 | 4:25am EST

Bono’s decision to invest in Facebook.com has paid off – the U2 frontman’s share in the social networking site is now worth $728 million.
The rocker purchased 1.5 per cent of the company for $195 million last year as the managing director of Elevation Partners, the investment firm he co-founded in 2001.

Now his slice of Facebook, co-founded by Mark Zuckerberg, is worth a staggering $728 million after the popular site’s value rocketed to $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.

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