Advertisement

A billion reasons Bono likes Facebook

Getty

Getty

Bono has become the world’s richest pop star after amassing nearly $US1.5 billion ($A2.10 billion), in part thanks to a savvy investment in Facebook.

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, the UK’s Sunday Mirror reported.

• Bono’s company launches attack on Abbott govt
• U2 busk on New York subway platform
• U2’s songs of innocence becomes a corporate evil

According to the Mirror, the investment has made the singer more in six years than his entire career as a musician.

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

Madonna is the third highest earner, worth an estimated $1.12b.

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

Stay informed, daily
A FREE subscription to The New Daily arrives every morning and evening.
The New Daily is a trusted source of national news and information and is provided free for all Australians. Read our editorial charter
Copyright © 2024 The New Daily.
All rights reserved.