Bono’s Elevation Partners

Bono is an Irish musician and political activist with a net worth of $700 million. His business venture, named after the song Elevation, sought to inject money into intellectual property, new media, and technology. Bono foresaw that the future will be in IP and new media, and the singer was proven right. Though the company was short-lived (having ceased to exist in 2015) it managed around $1.9 billion in assets between 2012-2015, with $1.4 billion from Facebook. It also boasted a 12% return in investment money.

After other firms acquired Elevation, some of the founders started their own company, NextEquity Partners. Meanwhile, Bono created a solo venture, “The Rise Fund,” which is dedicated to achieving the seven sustainable development goals of the United Nations. Bono shifted his focus to helping companies who were working on changing the world — Bono is providing them with necessary funds.