02-16-2018 12:28:03 PM -0800
01-23-2018 09:55:12 AM -0800
01-18-2018 11:02:22 AM -0800
01-09-2018 01:54:15 PM -0800
12-22-2017 09:40:32 AM -0800
It looks like you've previously blocked notifications. If you'd like to receive them, please update your browser permissions.
Desktop Notifications are  | 
Get instant alerts on your desktop.
Turn on desktop notifications?
Remind me later.

U2's Bono Now the World's Richest Musician Thanks to Facebook

U2's Bono to become the world's richest musician tomorrow (May 18) | News | NME.COM.

U2 frontman Bono will become the richest musician in the world tomorrow (May 18), overtaking Paul McCartney.

Facebook is set to float on the stock exchange tomorrow and all its early investors are set to earn huge amounts of money from the flotation, with the Irish singer among them.

The U2 singer owns 2.3 per cent of the shares in Facebook through his private equity firm, Elevation Partners, which they bought for $90 million (£57 million) in 2009 and now stands to make a handsome return.

Given the social media company is currently valued at over $100billion (£63 billion), this makes Bono's share worth over $1.5 billion (£940 million) and puts him well above Paul McCartney, who is currently the world's richest rock star with a fortune of £665 million.