Talk about a “Beautiful Day.” Once the smoke clears from Friday’s (May 18) Facebook IPO , U2 singer Bono could be the richest musician on the planet.
According to England’s NME, the already flush, tech-savvy Irish rock icon owns 2.3 percent of the shares of Facebook through his investment group, Elevation Partners. Well before Facebook filed papers to go public, Elevation paid $90 million for the shares in 2009 and after what is expected to be the second-biggest IPO in history, Bono’s share could be worth more than $1.5 billion.
As Rolling Stone pointed out, Bono will split any Facebook riches with his partners at Elevation (whose number is not known), so his total haul is undetermined. Also, the singer has reportedly pledged to use much of the money raised from his investments to aid charity work in Africa.
See on www.mtv.com
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