15 January 2011
Bono: Shrewd Investor?
I have always been a U2 fan.
I have always been a fan of Bono. I might not always agree with his politics or his methods, but I do admire his commitment to the causes that he embraces. And, I appreciate that he uses his fame in ways that brings attention to those causes.
As it turns out, Bono has also proved to be a shrewd investor. It turns out that a small £132 million investment in Facebook has blossomed to be worth some £485 million in a short space of time. Much of this increase can be attributed to the recent Goldman Sachs investment in Facebook. The Goldman Sachs investment has meant that the 1.5% of Facebook that Bono owns has more than tripled in value.
So, if the founder and CEO of Facebook, Mark Zuckerberg, ever does take the global juggernaut of social media networking public through an IPO, then it is fair to say that Bono is sitting on the veritable goldmine. This is a good thing for the causes and charities that he believes in and supports as they are most likely to benefit from increased levels of funding finding its way to initiatives that they are undertaking.
Yeah, it would seem that Bono is a shrewd investor!