Bono became the world's richest musician, surpassing Sir Paul McCartney, after Facebook went public on Friday, effectively earning the U2 frontman $1.5 billion on his 2.3 percent ownership stake.
Elevation Partners, Bono's private equity firm, purchased the stake for $90 million in 2009 and stands to gain big time as the social networking site's current $100 billion value. Macca's estimated worth is just over a billion.
Elevation Partners show no signs of slowing as early April brought the announcement of their investment in Dropbox, an internet storage service.
Dropbox allows users to store documents, photos and video in the cloud with the first 2Gb free. After exceeding that limit, users then pay $10 a month for up to 50Gb and $20 a month for 100Gb in storage.
The firm has invested heavily in the tech sector with additional concerns in Palm and Yelp.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.