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Bono rakes in billions from Facebook

Started by Maximus, Aug 31, 2015, in Life Add to Reading List

  1. Maximus
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    Maximus Skeppy

    Aug 31, 2015
    BONO has become the world's richest pop star after amassing nearly $US1.5 billion ($A2.10 billion) from his shares in Facebook, the UK's Sunday Mirror reports.

    THE U2 frontman bought a 2.3 per cent share in the social media site for $US89.6 million in 2009, with his investment group Elevation Partners.

    As a result, Bono overtakes Beatles legend Paul McCartney ($US1.16 billion) as the world's richest pop star.


    Facebook went public and was floated on the stock market in 2012, and is now worth around $US200 billion.
     
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