Bono to become even more rich due to Facebook IPO... | TigerDroppings.com

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Chicken
USA Fan
Jackassistan
Member since Aug 2003
6249 posts

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


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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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yankeeundercover
Syracuse Fan
HMWHC® (via DC)
Member since Jan 2010
28967 posts

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


frick U2.

Irony is Sean Parker being involved.

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



This post was edited on 2/9 at 9:09 am


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TH03
Notre Dame Fan
In Darth's Head
Member since Dec 2008
90990 posts

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


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.






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hg
Toledo Fan
Member since Jun 2009
69109 posts

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


Nice knowing you.





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Beefherinthequeefer
Member since Jan 2008
34045 posts

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


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







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CadesCove
Tennessee Fan
Mounting the Woman
Member since Oct 2006
32377 posts

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


quote:

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


Germans






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RedHawk
Army Fan
Baton Rouge
Member since Aug 2007
5202 posts

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


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





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droman225
New Orleans Pelicans Fan
Dallas by way of HTown by way of BR
Member since Aug 2011
12160 posts
 Online 

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


Uhhhhhh





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TH03
Notre Dame Fan
In Darth's Head
Member since Dec 2008
90990 posts

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


quote:

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


Germans beefer, Germans






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Beefherinthequeefer
Member since Jan 2008
34045 posts

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


I didn't know! Geez..





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Dijkstra
USA Fan
Michael J. Fox's location in time.
Member since Sep 2007
6454 posts

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


quote:

Irony is Sean Parker being involved.


Sean Parker was never actually ousted. He was just cut out of the day to day. He always kept shares, and he would be stupid not to have.






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OweO
New Orleans Saints Fan
Hornets Fan!! #1 Draft Pick 2012!!!
Member since Sep 2009
35367 posts

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


Bono is all that is good in the world.





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Nortizzle
Auburn Fan
Posibarner™ Captain
Member since Nov 2006
22031 posts

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


frick you, and frick u2





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JermStone
LSU Fan
Beaumont, Tx
Member since Jun 2008
5450 posts

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


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





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dkreller
LSU Fan
Offshore
Member since Jan 2009
17461 posts

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








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RedHawk
Army Fan
Baton Rouge
Member since Aug 2007
5202 posts

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


quote:

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


No. This is what the article said:

"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).






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SLC
Arkansas Fan
Hiwasse, AR
Member since Oct 2007
15209 posts

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


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?


This post was edited on 2/10 at 5:25 am


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threeputt
Notre Dame Fan
God's Country
Member since Sep 2008
21743 posts

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


quote:

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



Huh ????






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CtotheVrzrbck
Arkansas Fan
Tulsey Town
Member since Dec 2007
21442 posts

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


quote:

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




What to poke fun at? what to poke fun at?






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CoolHand
USA Fan
Member since Dec 2011
1482 posts

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


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





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