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Bono Is The Richest Rocker In The World, After Today

| Filed under: Music MinutePaul McCartneyBonoBusiness Blitz

Bono Is The Richest Rocker In The World, After Today

Don't cry Paul McCartney!

Friday, the Beatle will lose his title of World's Richest Rock Star, to Bono.

Thanks to a wise investment, Bono now owns 2.3% of Facebook shares.

THAT MEANS, by the end of the day a $90 million investment the U2er made 2 years ago, will magically turn into $1.5 billion.

Sir Paul only has a little over $1 billion, the poor chap!!

Since he earned most his money from the stock market, this officially makes Bono better at investing than music. LOL!

Either way, we bet the billionaire is gonna have a VERY special night tonight!

[Image via WENN.]

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7 comments to “Bono Is The Richest Rocker In The World, After Today”

  1. frenchfrog says – reply to this


    1

    He should give it all to charity…

  2. Booger says – reply to this


    2

    No, Perez…it doesn't work like that. He is a Partner of the investment firm Elevation Partners. Therefore, Bono is not an individual stock holder and has no rights to the $1.5B. This is the way he would actually make money on the deal. His FIRM is only entitled to 20% of the amount received less the amount invested. (1.5B - 90M)*20% = $282M. Then, you have to factor in how that gets split among the Partners. It's anyone's guess since Bono is only a marketing gimmick for that fund. He isn't really out there holding meetings everyday with prospective companies to invest in. So, I'm guessing he only makes about $28M from this deal. Hey Paul, your title of richest rocker is still safe!!!!



  3. 3

    The rich keeps on getting richer. FML

  4. internetfavs.com says – reply to this


    4

    and the tickets get more and more expensive!

    (Add all your favorite url's in one place: internetfavs.com)

  5. Just Sayin says – reply to this


    5

    He and his "corporation" should take all their new found wealth and pay down the debt of all those third world countries he whines about. He should hand over the money to the nations that lent the poorer ones cash.

  6. mitri2010 says – reply to this


    6

    I just try to comment usually Perez didn't take it.



  7. 7

    he will lose the money by giving his hat a first class ticket……