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May 18, 2012

You Can Hate Me Now: Bono Could Become The Richest Musician On Earth Once Facebook IPO Hits

Bono

NME is reporting that U2's Bono owns 2.3 percent of the shares of Facebook via his investment group Elevation Partners.

Elevation reportedley paid $90 million for the 2.3 percent ownership stake in 2009. Reports suggest that once the Facebook IPO hits, those shares could be worth $1.5 billion.

$90 million flipped to $1.5 billion? Not bad...not bad at all.

The IPO could make him the richest musician on earth, putting him ahead of Paul McCartney who has a fortune worth an estimated $1.05 billion...yeah, but Paul did it without Facebook!

Spotted: MTV

Posted by in Celebrity, Music, News |

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