Bono set for beautiful payday as ‘Forbes’ goes on market

Rock star Bono is in store for a beautiful payday with the sale of financial media giant Forbes in the US.

Bono set for beautiful payday as ‘Forbes’ goes on market
Tue, 19 Nov, 2013 - 00:00

The business magazine was put up for sale last Friday and is expected to generate at least $400m (€296m) from the sale.

Bono’s Silicon Valley equity fund, Elevation Partners, purchased 45% of Forbes Media LLC, the family owned publisher of Forbes magazine in 2006 for over $240m (equivalent of €178m today).

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CourtsPlace: USPlace: Silicon ValleyPerson: BonoPerson: U2Person: Michael PerlisPerson: PerlisPerson: Bill GatesOrganisation: ForbesOrganisation: Elevation PartnersOrganisation: Forbes Media LLCOrganisation: Forbes MediaOrganisation: Deutsche BankOrganisation: U2Organisation: FacebookOrganisation: YelpOrganisation: Market Share
<p>Picture: Sam Boal/Collins Photos</p>

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