Bono Net Worth
Bono net worth: Bono is an Irish musician and political activist who has a net worth of $700 million. Born Paul David Hewson in Dublin, Ireland, Bono formed his band U2 at the age of sixteen, in response to an ad on his school's bulletin board. Beginning under the name Feedback, the band changed their name to U2 (by way of The Hype) in 1977. U2 signed with Island Records in 1980 and went on to become one of the most popular bands in the world, releasing twelve albums, consistently selling out live venues, and winning twenty-two Grammy awards. Bono has become a well-known social activist, performing in the Live Aid, Band Aid, and Live 8 concerts, and campaigning for third-world debt relief and greater international involvement in the African AIDS crisis. In 2002, he co-founded the organization DATA (Debt, AIDS, Trade, Africa), which he followed up with Project Red, a well-known initiative against disease in Africa. Aside from his activism, Bono is also an accomplished businessman. He owns a vast real estate portfolio and serves on the board of Elevation Partners, a private equity firm. Bono married Alison Hewson in 1976. They have two daughters and two sons.
Did Bono Become A Billionaire From Facebook?
There's a popular rumor that Bono became a billionaire after investing in Facebook through Elevation Partners. It is true that Elevation made a pre-IPO investment in Facebook of roughly $210 million. Today that investment is worth around $1.5 billion. The part of the story that most people don't understand is that Bono is one of six founding partners of Elevation AND that Elevation is only entitled to around 20% of the profits produced by its investments. When it's all said and done, Bono likely personally made between $40 and $50 million on this Facebook investment.