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Bono to become even more rich due to Facebook IPO...

by Chicken

February 9, 201223 Comments

LINK

quote:
Thanks to Facebook U2 frontman Bono is set to become the richest rock star in the world.

Bono owns 1.5% of the shares in the social networking site through his private equity firm Elevation Partners, meaning that when Facebook goes onto the stock exchange later this year his shares are reported to be worth just under $1billion (£630million).

Elevation Partners invested in the site back in 2009, forking out $90million (£56million) for the shares. Facebook filing for its initial public offering on Wednesday (February 9) will make Bono worth $1.1billion (£695million), £189million richer than ex-Beatle Sir Paul McCartney.

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:bow:

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23 Comments

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CoolHand•148 months

So will this have the effect of slowing down or stopping recording and touring? Bono obviously won't be needing the cash.

STEVED00•148 months

quote:
So will this have the effect of slowing down or stopping recording and touring? Bono obviously won't be needing the cash

I really don't think Bono "needed the cash" before this.

CoolHand•148 months

quote:
I really don't think Bono "needed the cash" before this.

But I think there would have been some incentive to make more money to continue his lifestyle. With 1B you can pretty much coast from there.

L S Usetheforce•148 months

I can't wait to short Facebook.

SLC•148 months

Wow. How much will he donate to his charity? Or will he use the $$$$ to try and get more $$$$ from others? How many pairs of sunglases will he buy with that cash?

dkreller•148 months

Image Link

OweO•148 months

Bono is all that is good in the world.

Nortizzle•148 months

frick you, and frick u2

Tiger in Texas•147 months

quote:
Bono is all that is good in the world.

No...Boner & U2 are both overrated shite... :spank:

Beefherinthequeefer•148 months

The guy who painted the murals at the FB headquarters is now worth 200 million because he took stock in the company!

CadesCove•148 months

quote:
The guy who painted the murals at the FB headquarters is now worth 200 million because he took stock in the company!

Germans

RedHawk•148 months

So 1.5% of Facebook is worth $1 Billion? That makes Facebook worth $67 billion!

droman225•148 months

Uhhhhhh

Show 6 more replies in this conversation

TH03•148 months

saw something about this last Thursday on the news. Crazy!

You hear about the guy who painted the Facebook offices? Agreed to get paid in Facebook stock. :pimp:

yankeeundercover•148 months

frick U2.

Irony is Sean Parker being involved.

Eta: Also, Feb 9th is today... Thursday (probably mistake on the link)

hg•148 months

Nice knowing you.

Dijkstra•148 months