Bono's Fund Investment In Facebook Quadruples

The private equity fund owned by U2 front man Bono, Elevation Partners, has seen its 1.5 percent stake in Facebook grow to $750 million following Goldman Sach's $450 million investment in the social network.

The private equity fund owned by U2 front man Bono, Elevation Partners, has seen its initial $210 million investment in Facebook quadruple in value, to $750 million dollars, with the recent growth in the social network’s valuation to $50 billion.

Elevation’s 1.5 percent stake in Facebook has risen with the company’s valuation after Goldman Sachs invested $450 million in the company. Although the megastar’s fund previously hadn’t disclosed the amount it invested, now the San Jose Mercury News and other media outlets say Bono’s fund had picked up about $210 million in private stock when the social network was worth $13 billion.

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