In a period of seven days Bono lost almost 342 million dollars, after the initial price of the Facebook stocks has dropped from 38 to 32 $.
Bono through his company Elevation Partners own around 2,3% of Facebook, which the company bought in 2009 for around 90 million dollars.
Last week Bono tried to explain that he is not the richest musician in the world.
"Although some say I`m the richest musician, I`m not nearly as rich as any Beatles, those reports are ridiculous. In Elevation Partners we invest money from other people (their savings or pensions)" said Bono for MSNBC.
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