We're sure he's just so proud!
The U2 singer's investment into a company called Elevation Partners has earned him the titled of the "worst investor in America," according to the online publication 24/7 Wall Street.
The private American equity firm has failed disastrously in many of its efforts, including attempting to regain mobile phone market shares from Apple, RIM and other smartphone makers. Their stock has plummeted since last September and has been given the label of "arguably the worst run institutional fund of any size in the United States."
Maybe you should just stick to philanthropy, Bono! That seems better suited for you!
[Image via WENN.]
Tags: investments, stocks