Irish rocker Bono is mostly known for going on the occasional world tour with his band U2 to entertain his disciples. But Bono is also a savvy investor in media, entertainment and technology entities, which is now elevating him to new heights.
Back in 2000 Bono co-founded Elevation Partners, a private equity group, which later went on to invest $270 million in the world's biggest social network over three instalments between 2009 and 2010, when Facebook was valued at $16 billion. Fast-forward a couple of years, Facebook is reportedly preparing to float for an expected $100bn (£64.4bn) in a couple of months and Bono and his fellow investors are set to reap an estimated $1.4 billion from their investment.
Bono has become one on the world's best-known philanthropic performers and is actively involved in social and political causes. He also runs eco-fashion label, EDUN, with his wife Ali Hewson.
So our question today, since he has clearly made enough money of official band merchandise sales and as an occasional hotelier (he owns Dublin's Clarence Hotel with The Edge), should Bono use his Facebook profits to save the world?
What could $1 billion do?
A 'meagre' $1bn will not even make a dent into the global debt crisis, but it could help provide debt relief to some of the poorest countries in the world.
Bono could invest the money into his sustainable fashion label EDUN, which strives to stimulate trade with poverty stricken countries.
Every year over 700,000 children die needlessly from malaria in Africa. Bono could buy enough malaria nets, for only $5 a piece, to prevent these unnecessary deaths and still have money left to stock up on sunglasses.
He could invest in green energy solutions to create a more sustainable future.
And what about Facebook in all of this? With its around 850 million monthly active users, Facebook now has nearly as many 'inhabitants' as there are malnourished people in the world (925 million). If Facebook was a real country it would be the 3rd most populated in the world.
Should the social network give some of its impending profits to environmental and humanitarian causes to ensure a more sustainable future for the real world?