May 18th, 2012
12:00 PM ET
There are reports circulating the Bono was expected to win the title of "world's richest musician" when the stock markets closed today, but the singer is not endorsing that check.
NME reported that the Irish rocker was poised to surpass even Sir Paul McCartney in terms of wealth - and all because of Facebook.
Reports were that Bono owns 2.3 percent of Facebook's shares through the private equity firm Elevation Partners, which would net a possible $1.5 billion now that the company has gone public.
The shares were said to have been purchased for $90 million back in 2009, and the company has grown mightily since then to be currently valued at over $100 billion.
But seeing that it's unclear if Bono directly owns any Facebook stock, and it's unclear what percentage falls to him of the equity firm's holding, the actual windfall might not be as projected.
The musician himself isn't convinced he's about to become the wealthiest rocker, either. When questioned about the reports by the Washington Times, the singer said, "Um, I don't think it's true."
He added Friday in an interview on MSNBC, "Contrary to reports, I'm not a billionaire or going to be richer than any Beatle - and not just in the sense of money, by the way, The Beatles are untouchable."
He continued to explain that "in Elevation, we invest other people's money - endowments, pension funds. We do get paid, and that is a good thing. We'll get blessed. But you know, I felt rich when I was 20 years-old and my wife was paying my bills. Just being in a band, I've always felt like this, being so blessed. I got interested in technology because I'm an artist, I'm interested in the forces that shape the world ... Technology is huge, I wanted to learn about it."
In the meantime, it seems the famously charitable musician will only be adding to his wealth: his band U2 is said to be planning a comeback album and working on new material with Swedish songwriter Carl Falk, among others.
A source told NME that the group's "back in the studio getting a feel for new material after the last album, 'No Line On The Horizon'. Will.i.am had a credit on that and they are looking to explore that direction further. They have been working with Danger Mouse and RedOne. They are excited about getting to work with Carl Falk."
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