Could Bono become wealthiest rocker?
May 18th, 2012
12:00 PM ET

Could Bono become wealthiest rocker?

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'. 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."

soundoff (29 Responses)
  1. Michael Caliazzo

    Wonderfu man he is indeed.

    May 20, 2012 at 11:28 am | Report abuse |
  2. Michale Caliazzo

    they are really wonderful

    May 20, 2012 at 11:27 am | Report abuse |
  3. Joe

    He's already the most hypocritical rocker...

    May 20, 2012 at 10:27 am | Report abuse |
  4. David Whitesell

    We thought Fat Old Warren Buffet was the Fattest & Richest Cat ob block.

    May 19, 2012 at 2:37 pm | Report abuse |
  5. Charlie Crack

    I saw him and I sucked his c o ck. He is gay like I like them

    May 19, 2012 at 12:33 pm | Report abuse |
  6. Michael Calaizzo

    He utilizees a gibson guitar.

    May 19, 2012 at 10:34 am | Report abuse |
  7. Michael Calaizzo

    he is from Dublin and owns homes throughout the United States.

    May 19, 2012 at 10:34 am | Report abuse |
  8. Michael Calaizzo

    He is very gnerous to charity.

    May 19, 2012 at 10:33 am | Report abuse |
  9. Taylor

    Michael Jackson´s 50% share in SONY/ATV is valued at 1.5-2 billion dollars.
    So is this irrelevant for so-called financial reporters?

    May 19, 2012 at 2:02 am | Report abuse |
  10. HG

    I saw U2 last summer. The concert was awesome. Sound system was unbelieveable. I wish there were more people in this world like Bono. Nice to know there are such charitable folks out there trying to do some good in this world.

    May 19, 2012 at 1:15 am | Report abuse |
  11. ŒΞ

    cool. donate money. fine. whatever. not putting down your philanthropy, I just don't like your music, never bought any. i got other choices. bye now.

    May 18, 2012 at 4:42 pm | Report abuse |
  12. Tanner

    Good. God bless him for all of the good he does.

    May 18, 2012 at 1:49 pm | Report abuse |
  13. ScottH

    Hey entertainment folks – stick to reporting entertainment. Your financial reporting sucks.

    Bono doesn't own 2.3% of Facebook, Elevation Partners II LP does. Bono is a member of the general partnership of Elevation Partners (one of four or five). The profits of the firm go first to the limited partners, and then the general partnership shares 20% of the combined increase in all fund investments. Bono's personal take, while sizable, is a small, small fraction of what you have reported.

    Time to send your bimbo reporters back to the jersey shore and let reporters with brains and a college degree handle the finances.

    May 18, 2012 at 1:41 pm | Report abuse |
  14. duh

    Trash boat must be rippin PO'd

    May 18, 2012 at 1:30 pm | Report abuse |
  15. capitalismiskool

    Anyone remember back when they first started how anti American anti capitalist this man was? I wonder, will he spread around his new wealth?

    May 18, 2012 at 1:25 pm | Report abuse |
    • Honesty

      Bono currently supports:

      Amnesty International
      Charity Projects Entertainment Fund
      Chernobyl Children's Project International
      Food Bank For New York City
      Global Fund
      Keep A Child Alive
      Live 8
      Make Poverty History
      Millennium Promise Alliance
      Millennium Villages

      Mulago Positive Women’s Network
      Not On Our Watch
      ONE Campaign
      Red Cross
      Simon Community
      The Lunchbox Fund
      UN Millennium Project
      War Child
      Wildlife Conservation Society
      Zero Hunger


      May 18, 2012 at 1:33 pm | Report abuse |
    • Robert

      U2 anti america ? When

      May 18, 2012 at 1:33 pm | Report abuse |
    • capitalismisinsanelyevil

      Maybe he'll keep it all for himself shouting I OWN I OWN I OWN ME ME ME ME ME ME ME like a capitalist or a 4-year-old.

      May 18, 2012 at 1:37 pm | Report abuse |
    • Uh, yeah...

      Uh, yeah. Bono is one of the most philanthropic megastars out there. He's also had a tremendous influence on other billionaires and encouraged them to donate large percentages of their riches to fight famine, disease and untold other atrocities that so many with wealth choose to ignore.

      May 18, 2012 at 1:53 pm | Report abuse |
  16. doledart

    And this pretentious azz has the nerve to keep coming around an sniffing for our tax dollars for his charities. The day he's given away his money that's the day he has a right. Until then Bono...go to hell!

    May 18, 2012 at 1:22 pm | Report abuse |
    • EvolveNow

      I sense pure jealousy! You are probably also upset that Bill Gates and his wife Melinda donated muti-millions last year alone to dozens of charities and still apply for Government 'matching funds'. You can gripe when you are productive enough to decide to donate multi-millions, have created as many jobs and saved as many lives as they have! ;-{D>

      May 18, 2012 at 1:40 pm | Report abuse |
    • NWC

      It's time for you to leave your parents basement you internet Troll. The charities Bono supports help a lot of people.

      May 18, 2012 at 1:44 pm | Report abuse |
    • odk1

      Buddy, you have too much hate in you, please seek help fast.

      May 18, 2012 at 1:50 pm | Report abuse |
    • Peter

      Bono supports a lot of charities with substantial contributions. See the post from "Honestly" above.

      May 18, 2012 at 1:51 pm | Report abuse |
  17. Mike

    "comeback" album? U2 is still at the top of the pyramid – maybe Marquee missed their last album sales and sold-out stadium tour?

    May 18, 2012 at 1:20 pm | Report abuse |
  18. Sean Harton

    Couldn't happen to a more decent man.Good on yea Bono. Slainte !

    May 18, 2012 at 1:20 pm | Report abuse |
  19. Tony

    Good for him. Now go help your buddy, Sean Penn, fix Haiti.

    May 18, 2012 at 1:16 pm | Report abuse |
  20. .•|•.

    Geeze & to think I was happy winning $50 on a keno slip. Lol!

    May 18, 2012 at 1:01 pm | Report abuse |
    • JellyBean@.•|•.

      LOL! I know, right? I won 25 bucks once on a lotto ticket. I just can't imagine 1.5 billion.

      May 21, 2012 at 7:04 am | Report abuse |

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