Entertainment‎ > ‎

Bono rich off Facebook IPO

posted 19 May 2012, 15:24 by Mpelembe Admin   [ updated 19 May 2012, 15:36 ]

Bono's company Elevation Partners stand to earn up to $1.5 billion from Facebook IPO

LOS ANGELES, CALIFORNIA, UNITED STATES OF AMERICA  (HOLLYWOODTV) - Lead singer Bono of legendary rock band U2 is quite possibly the world's richest rocker today after Facebook's initial public offering this week turned an initial investment of $90 million back in 2009 -- or roughly 2.3 percent of the company -- into many times that amount after the social network went public on May 18, 2012. It is unclear how much of the riches Bono will split personally with his company, but it is evidently likely that Bono may now top Paul McCartney's riches of $1.05 billion.

© Copyright Hollywood.TV. This story, including the video and script, is provided by Hollywood.TV. Thomson Reuters does not guarantee the accuracy of, or endorse the views or opinions expressed in, this story. THIS STATEMENT SUPERSEDES ALL OTHER STATEMENTS RELATING TO COPYRIGHT ATTACHED TO THIS CONTENT.

Comments