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Facebook’s IPO will make U2′s Bono a billionaire

Written on:February 5, 2012

As Facebook prepares to go public, five key figures, including Bono and LinkedIn founder Reid Hoffman, are set to make billions.

The social networking company is poised to fire the starting gun on a flotation that’s set to value the world’s biggest social networking site at up to $100bn (£60bn).

The company that Mark Zuckerberg founded in his room at Harvard University in 2004 is expected to file to sell shares to the public as soon as this week.

Bono is also the co-founder of investment firm Elevation Partners. Its stake in Facebook is almost certain to be valued at over $1bn when Facebook goes public. The star is likely to make as much from that process as U2 has earnt in its entire career.

Source:The Belfast Telegraph

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In category: Facebook IPO News, Invest In Facebook IPO
Tags:billionaire , facebook ipo , U2?s Bono

http://pulse.yahoo.com/_B7HBMXQCEBFGZMMRLXBY7EBMIM Tom

Dont you mean…BOZO..? Mellencamp said he was a CLOWN!!!

http://zombo.com zarathustra

He’ll always be NUMBER TWO to me…
Tom’s friend

Yes. Mellencamp. That Rock God! Therefore he MUST be a clown. Your machine gun says it all, Tom

CALLAHANPATRICIA

Tom,it’s nice to read your comment it’s nice to know your a free thinker….not.

Allinwin88

And now….the leader of the Universe…………Bono.
Chad

Staggering that he can make more as an investor in a website, than in the entirety of a very successful music career. At least some of that extra money “created” from facebook’s IPO will end up funding more humanitarian efforts around the world, instead of just in multi-millionaire’s trust funds.

Lok_stock

”will end up funding more humanitarian efforts around the world, instead of just in multi-millionaire’s trust funds.”
LOL.. whatever you reckon mate.. Try looking up naive in the dictionary, you’ll see your picture. Thanks for giving me a laugh though.
Lillyputian2000

Of course most of what he has is in a “multimillionaire’s trust fund”.

http://pulse.yahoo.com/_3OZTYDP7FBDO7TAV6XMHTK353E Harbinger of Half-Decency

That should offset his losses from the Dublin Tower and Spiderman, the musical.
Guest

This article assumes that all of the money that Elevation Partners manages belongs to Bono. This is not quite true, as EP is a venture capital firm that invests money from a much larger number of wealthy people. Thus, EP’s winnings from Facebook do not all belong to Bono.

Winner

lol “winnings?” Maybe he should “double down” on the stock and make double “winnings.”

Shivaswamy Anirudh

He could do some concerts Pro Bono then
http://pulse.yahoo.com/_TFJRBA2SJ4PTDVH37VVWDFBSEQ Just Me

FUCK BONO !!
http://pulse.yahoo.com/_SFZ3FW73WKHUONWQ4KX4FA2P2Q PonyRunner

I guess we could roll the “Buffet” rule on him and collect some cash for the OWL crowd. Oh, no wait, he is not a citizen.
Slickshelby1966

so i guess that makes him in the 1%……but he is Occupy exempt.
Jose Head

good for him
NoviRonB52

Good for Bono. Maybe now he can spend that windfall on the people that he has championed for all these years and just go away.
Lilllyputian2000

This is great news. It’ll help fund his narcissistic philanthropy and take pressure off of rich conservatives who are maligned for their success.
http://www.facebook.com/people/Ayesha-Khan/100000293843193 Ayesha Khan

Well there is no doubt that currently Face Book IPO’s are the hottest one’s, and since it has lot of potential all those who are investing will gain heavy profits. Face Book did their home work very strategically before going public, so from all the angles its the best buy doesn’t matter who the buyers are.
http://www.facebook.com/profile.php?id=539298267 Simon Balcomb

Whats the difference between God and bono.
God doesn’t walk around Dublin all day thinking he’s bono
http://www.facebook.com/people/Dennis-Heedalgo/100001362116652 Dennis Heedalgo

every year some lucky Harvard freshman gets to live in that dorm room whereFB’s conceptionalized.
already over 100Bn! all the greedy rich people are trying to get their hands on it. not sure if it is worth it, there are other promising companies and industries to invest on.
Jtaras

Someone should tell Bono how stupid he looks in those glasses he always wears.
http://www.facebook.com/people/John-Horan/1669675214 John Horan

Hoppin’ around off- balance on one foot assclown! Posing ,head -twisted ,lady sunglasses wearing Jim Morrison wannabe! Save the world to our detriment ,give environmental power to the politicians, Irish douchebag!
http://www.gigiosakota.com/ Gigio

I wonder what his share is
Khairmiah

mohammad abul khair miah
i,m a one of with together this new ipo congralatun , ya ho i love it go head
mohammad abul khair miah