Bono's Facebook Stake Could Make Him a Billionaire!
May 18 2012, Published 12:38 p.m. ET
Baby got bank.
Back in the day, Bono was simply known as the lead singer of the band, U2. Fast forward a few decades and the Irish rocker isn't only a musician and do-gooder with his involvement with charities like UNICEF and the ONE campaign, he's potentially a tech-savvy billionaire!
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Here's why: Bono owns 2.3 percent of the shares of Facebook through Elevation Partners, his investment group.
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According to NME (via MTV News), Elevation paid $90 million for Facebook shares in 2009. Considering today is dubbed "Facebook Friday" with the stocks being offered to the public for purchase, it's anticipated as the second-biggest IPO ever. That said, his share could be worth more than $1.5 billion. Yes, billion!
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Technically, this means he would surpass Paul McCartney as the world's wealthiest rock star. As for Paul's fortune? A mere $1.05 billion.