It’s a good day to be Bono.
The funky sunglass wearing U2 songster is reaping the rewards of a hearty investment that he made in Facebook.
In 2009, Bono's equity firm, Elevation Partners, purchased 2.3 perscent of the shares of the social media site for $90 million. However, after Facebook’s highly successful IPO, those same shares are worth $1.5 billion (with a “B”).
That’s a lot cabbage!
The “Beautiful Day” singer is truly learning the meaning of his lyrics.
“It’s a beautiful day/Don’t let it get away!”
The Irish singer’s investment turnaround has made him the richest musician on the planet. Earnings rocketed Bono past the previous top ranker Paul McCartney, whose net worth is estimated at about $1.05 billion.
So, forget his double digit Grammy Awards, his endless number one hits, a Golden Globe, his humanitarian actions, and a bunch of other things I’m probably forgetting…
Bono has Mark Zuckerberg to that thank for his fortune. (Did anyone else just cry a little bit?)
In the real music world, according to England’s NME, Bono is in the studio with the rest of U2 getting some new material together. The band has enlisted the help of the songwriter behind One Direction’s “What Makes You Beautiful,” Carl Falk.
"The band are back in the studio getting a feel for new material after the last album 'No Line On The Horizon,'” a source told NME. “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."
In the footage above, Bono spoke to The Washington Times’ affiliated radio station, America’s Morning News about the Facebook reports.