Bono is not the worlds richest musician, will not make $1.5 billion today

May 18, 2012 | celebrity | editor | 0 Comments

In 2009, a private equity firm co-founded by Bono paid $90 million to buy 2.3 percent of Facebook, which has been valued at over $100 billion for their IPO today.

And according to TMZ and Page Six, that means Bono will become the worlds richest musician by 4pm!

…the shares are now valued at $1.5 billion.
Meanwhile, the former holder of the title of world’s richest musician — former Beatle Paul McCartney — is worth just over $1 billion.

The only problem is none of that is true. As the Telegraph points out, there are 9 other managing directors of Bono’s equity firm, plus countless investors. Bono didn’t buy 2.3 percent of Facebook, the equity firm did.

Given that he has previously had a 10 per cent stake in other (firm) investments, Bono has probably made around $150 million today, and at least doubled his wealth. Prior to this, as one fifth of U2 (profits are split between the band and manager Paul McGuinness) Bono’s estimated wealth was in the region of $158 million.

Well fuck. This is some information I’d really like to have known before I went to all the trouble of kidnapping his wife. Now everything just feels awkward.

Tags: bono facebook

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