How does one become the richest musician in the world? Simple, if you’re rich and famous: invest $90 million in Facebook. U2′s Bono will be the world’s richest musician because of a 2009 investment he made in Facebook. NME reports, Bono owns 2.3 percent of Facebook’s shares through his private equity firm Elevation Partners. Only three years later the rockstar will earn $1.5 billion from his initial $90 million share purchase. This gives a whole new meaning to balling. No one that makes less money than Bono can consider themselves “ballers.” We’re looking at you, rappers.
Facebook’s IPO is currently valued at over $100 billion as the second biggest IPO in history, according to HuffingtonPost. Bono was a genius for foreseeing the return on his investment. The lead U2 singer will surpass Paul McCartney as the world’s richest musician. McCartney is reportedly worth $1.05 million. Rockstar lifestyle isn’t all about groupies, booze and drugs. Let’s hear it for the money, money, money, money.
U2′s Bono to become the world’s richest musician tomorrow (May 18) [NME.com]
[Photo: Getty Images]
