Bono To Become The World's Richest Musician Today

U2 frontman Bono will become the richest musician in the world today, overtaking Paul McCartney.

Bono To Become The World's Richest Musician Today
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U2 frontman Bono will become the richest musician in the world today (May 18), overtaking Paul McCartney. Facebook is set to float on the stock exchange tomorrow and all its early investors are set to earn huge amounts of money from the flotation, with the Irish singer among them. The U2 singer owns 2.3 per cent of the shares in Facebook through his private equity firm, Elevation Partners, which they bought for $90 million (£57 million) in 2009 and now stands to make a handsome return. Given the social media company is currently valued at over $100billion (£63 billion), this makes Bono's share worth over $1.5 billion (£940 million) and puts him well above Paul McCartney, who is currently the world's richest rock star with a fortune of £665 million. U2 are rumored to be working on new material with One Direction's songwriters, according to reports, with Swedish pop svengali Carl Falk, who penned the boyband's "What Makes You Beautiful" reportedly on board. A source said of this: "The band are 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." Thanks to Nme.com for the report.

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    Rob E
    iommi600 wrote: If I had this amount of money...I would have sex.
    AnnihilationUK wrote: Fuck Bono
    Perfect.
    BradTheBluefish
    Bono gives a lot of it away along with Madonna and Sting. Idk what all these other musicians do. Oh, by the way, the singers I just mentioned all live in England where they are taxed through the roof! They only 25% of their earnings and they still give a lot of their money away. That's really noble of them. Nothing but respect for these guys.
    Superperfex
    If he is one of the most "charitable musicians" then why does he have such a surplus of money? He does NOT need all of that money. Seriously, **** you Bono.
    koslack
    First of all, while Bono might be insanely rich, those of you demanding he give it all away are nuts. A huge chunk of his money came from his Facebook investment. Let me explain some simple finances: Bono might be worth $1.5 billion (he's worth more, but I'm only taking into account his Facebook holdings), but he does not have $1.5 billion CASH. Those assets are not liquid. He cannot go to the bank and come out with bugs of money totalling $1.5 billion. He could sell the stocks, sure, but why do that when right now it seems they're sure to just keep increasing in value? Second of all, even if he did give it all away, what good would it do? Most of Bono's charity work in recent years has been behind the scenes, talking to world leaders about African debt relief, a HUGELY complicated subject. I'm not a huge fan of his music, but I must say, his grasp of the intricacies of the subject is impressive. Throwing a billion dollars at it will not help anyone. It's a matter of geopolitical policy shift, and he's done a phenomenal job of making world leaders see the issue from his position. I highly suggest you all read up on the African debt problem, as it's fascinating, and will probably play a major role in international affairs for many, many years to come.
    WhoAMEye
    Hallo Der dis is de Bono from de YooToo. Is that there the Paul McCarntney fella from de Beatals? Yes Oim Considerably Foking Richer Than Yow! Hoi de doi de day
    Rattlehead2
    Leave Bono alone, its' his money and he can do what he wants with them. Actually how many of you whining supported charities?
    taytay8b
    A very smart man, who has done a lot for African debt relief as mentioned above. Throwing all of this cash at charities sometimes isn't the right thing to do, so instead he takes the bull by the horns and deals with world leaders and tries to personally solve problems. Not to mention U2 is a great band, and Bono is one of the greatest lyricists of all time.
    b_flo
    Let's say on average, a college grad earns $50,000/yr. That person would work an average of at least 20 yrs. or more. 20x $50,000 = $1,000,000. Now it's up to what that person does with his/her $1,000,000. Now you mention taxes and deductibles. Well if you know how to do your finances right, you can also be "rich"! Stop whining!
    csrogers87
    Southpark had it right when Randy Marsh took the biggest crap in history and then only to find out it was Bono who was the biggest pile of crap. Great episode lol
    alltime almond
    If all u d-bags were sitting on millions, I guarantee you wouldn't be throwing it to the 4 winds like you claim he should do. He's made boatloads of money being the frontman of one of the greatest bands ever, and has done plenty of charity work with it over the years. suck it all you jealous twits!!
    DickHardwood
    Bono goes the extra mile to gather money for starving children in Africa..at least that's what his spokespeople keep saying while he runs from his private jet to his limousine to make his stock appointments on time in his mansion.BTW,listen to U2's "Crumbs From Your Table" while reading this.
    Voodoochile711
    Bono and U2 in general are just terrible, and the fact that they are so huge is a testament to the decline of music. The Edge is a somewhat talented musician (not as a guitar player, though), but he's the only one.
    CommanderMeaty
    rofl I like U2 but I can recognise that they have no idea what to do with their money, they ask fans to pay in order to watch their concert in video on their website again.
    pomes
    Rob E wrote: iommi600 wrote: If I had this amount of money...I would have sex. AnnihilationUK wrote: Fuck Bono Perfect.
    The matchmaker has spoken.
    ShackledDevil
    You'd think with that amount of money, you could easily give more then half of it away to charities and still have enough for your great great great great great great great great grand children!
    iommi600
    Rob E wrote: iommi600 wrote: If I had this amount of money...I would have sex. AnnihilationUK wrote: Fuck Bono Perfect.
    I lol'd, thank you sir hahahahahahahahahaha
    b_flo
    b_flo wrote: Let's say on average, a college grad earns $50,000/yr. That person would work an average of at least 20 yrs. or more. 20x $50,000 = $1,000,000. Now it's up to what that person does with his/her $1,000,000. Now you mention taxes and deductibles. Well if you know how to do your finances right, you can also be "rich"! Stop whining!
    Invest...you guys should look into it!
    noahi9
    I don't care about this piece of shit. The whole world doesn't revolve around Bono and U2, Rolling Stone magazine can rant all they want about how great they are, wealth has nothing to determine a musician's excellency. Not to mention that I think Joshua Tree is one of the worst albums in the history of mankind.