May 18, 2012 11:30 AM
Who knew Bono would surpass Paul McCartney as the richest man in music history?
The U2 frontman is set to become the richest musician in the world thanks to the Facebook IPO, according to NME.
After Facebook went public on Friday, all of its early investors are set to earn huge amounts of money from the flotation, and Bono is one of them!
Private equity firm Elevation Partners, which the Irish singer joined after it was created in 2004, now owns a 2.3 percent stake in social network company, which it bought for $90 million in 2009.
Now that Facebook is valued at over $100 billion, Bono's stake is now worth more than $1.5 billion, catapulting the singer's worth beyond Beatle McCartney, whose fortune is worth around $1.05 billion.