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Bono will be very, very rich by 4 p.m. EST today

Posted By yihan On May 18, 2012 @ 8:31 am In Money Watch,Tile | Comments Disabled

Taylor Bigler
The Daily Caller [1]
Friday, May 18, 2012

If you needed one more reason to hate the insufferable lead singer of U2, go ahead and add this to the list: When Facebook goes public May 18, the $90 million investment Bono made in 2009 will turn into $1.5 billion by the end of the day.

Facebook’s IPO could make Bono the wealthiest rocker in the world, surpassing Beatles frontman Paul McCartney, who is currently worth $1.05 billion, according to New Musical Express [2].

Long before the Facebook IPO was on the table, the Irish troubadour got a 2.3 percent stake in the company. The social media site is currently valued at $100 billion, which will make the singer a billionaire without hitting a single note.

It’s a “Beautiful Day,” indeed.



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URLs in this post:

[1] The Daily Caller: http://dailycaller.com/2012/05/18/bono-will-be-very-very-rich-by-4-p-m-est-today/

[2] New Musical Express: http://www.nme.com/news/u2/63849?utm_source=twitter&utm_medium=social&utm_campaign=fanpage-nmenews-u2

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