Elevation Partners paid $210 million for a chunk of Facebook in 2009, but subsequent rounds of financing have spiked the social network's valuation, making Elevation's stake worth around $975 million today, according to the Guardian. That's based on a recent investment valuing Facebook at around $65 billion. There's plenty of room for the gains to continue; a prior Goldman Sachs deal had Facebook worth $70 billion, and the Wall Street Journal's sources think Facebook will go public at around $100 billion valuation.
Maybe that's all bubble-icious hype, but as long as Elevation exits before Facebook stock's Bloody Sunday moment (sorry!), Bono will finally shake off that "worst investor in the world" reputation.
[via Business Insider, photo via Getty]