Bono is having a very good 2011. Not only did U2’s 360 world tour gross over $736 million, his investment in Facebook has quadruped in profit. In 2009, Elevation Partners — Bono’s investment company — bought $210 million worth of shares in the social networking site Facebook. With Facebook’s value skyrocketing — currently at $65 billion — today that $210 million investment is now worth $975 million. Elevation Partners, named after U2’s hit song, was founded in 2004 by Bono, Fred Anderson (a former chief financial officer of Apple) and Roger McNamee (co-founder of Silver Lake Partners).
Alex has written for Vanity Fair, Barrons, Bloomberg and Condé Nast Traveler.