Rich And Getting Richer.

BONO: Extra Money for a Rainy Day

Bono's bank account is about to get even fatter, thanks to Facebook's IPO. Bono and his investment firm Elevation Partners, which focuses on media, entertainment and technology industries, sunk $120 million into the social media site in 2010 and could come away with much more when the stock goes on sale in April. Facebook is looking to raise $5 billion on the premise the company will be valued at $100 billion -- and if Elevation sells its shares at that price, it will have tripled its investment.

Source: Billboard