Tuesday, May 22, 2012

IS BONO THE RICHEST ROCKER IN THE WORLD?

Bono Vox
Bono may well be on the verge of becoming the world’s wealthiest rocker, thanks to a savvy investment in Facebook. The U2 frontman’s investment group, Elevation Partners, owns 2.3 percent of Facebook, having purchased $90 million worth of the social network company’s shares in 2009.

According to Nasdaq, that investment could turn into $1.5 billion as Facebook launches the initial public offering its stock today. It’s unclear what portion of Elevations earning would flow to Bono, but as the firm’s co-founder, his take will undoubtedly be substantial. At present, the world’s richest rocker is Sir Paul McCartney, whose net worth is estimated to be $1.05 billion.

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