News

Facebook Making Bono Billions Of Dollars

1:24 p.m. · February 2, 2012 · by Andrew Martin

So you might have heard about Facebook's decision to go public (as of today, right?). Well, did you also hear that the social media giant's move will make one lucky, already-rich singer that much richer? Well, it will, because Bono invested in the company and the Belfast Telegraph reports that he and four other "key figures" are set to make billions of dollars.

Yes, billions. Shit, at least this might mean he'll donate some of it to charity. Right? Hopefully. In case you're curious about how this works, Bono co-founded an investment firm called Elevation Partners, which has a stake in Facebook that's likely be worth more than $1 billion. [TDS]