Connect with us

Hi, what are you looking for?

Jewish Business News

Culture & Art

Bono is richer than Madonna and Paul McCartney after Facebook investment earns him £1 billion

U2 frontman Bono is the world’s richest pop star

bonos-plane-loses-hatch-before-landing-berlin

When U2 frontman Bono isn’t busy making music or immersing himself in his philanthropic work, the singer is making smart business moves. The 55-year-old musician has become the world’s richest pop star after a Facebook investment he made when the social media group was taking off back in 2009 paid off.

According to reports, the Beautiful Day hitmaker has racked in £940m ($1.5bn) after buying a 2.3% share in the social media network for £56m with the investment group that he co-founded, Elevation Partners.

Facebook, which was founded by Mark Zuckerberg with his Harvard College roommates and fellow students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes in 2004, went public and was floated on the stock market in 2012. The company is now worth around $200bn.

 

Read the full story at International Business Times, By Toyin Owoseje

 

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.