« Miley Cyrus: Puppy Lovin' Pop Princess | Main | Charlize Theron Admits: "I Never Dreamed I'd Be A Single Mom" »
U2's Bono To Become World's Richest Musician
Posted on Fri May 18, 2012 11:30 AM PDT
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.
Congrats, Bono!
Facebook is having a very fabulous Friday in the stick market!
Bono Spends Time With His Family While Spider-Man Musical Suffers Delays - Nov 09, 2010
Bono And The Edge Party Like The Rockstars They Are In Istanbul - Sep 06, 2010
Bono's Back Surgery May Force Replacement Act for U2 - May 24, 2010
U2 Were The Biggest Concert Draw Of 2009 - Dec 31, 2009
A Beautiful Day For Bono - Nov 05, 2009
Comments
comments powered by Disqus