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.

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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Courts Place: US Place: Silicon Valley Person: Bono Person: U2 Person: Michael Perlis Person: Perlis Person: Bill Gates Organisation: Forbes Organisation: Elevation Partners Organisation: Forbes Media LLC Organisation: Forbes Media Organisation: Deutsche Bank Organisation: U2 Organisation: Facebook Organisation: Yelp Organisation: Market Share

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

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