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.
It said it would make him worth 1.1 billion not it would make him worth ANOTHER 1.1billion. I assume they were talking about his total worth at 1.1 billion