Bono becomes world's richest pop star after investment in Facebook earns him over $1billion

U2’s Bono has become the world’s richest pop star after raking in nearly £1 billion from his Facebook shares. The Beautiful Day hitmaker bought a 2.3 per cent share in the social media network for £56 million in 2009 with the investment group that he co-founded, Elevation Partners. Today that share is worth a whopping £940 million, according to reports. That means that Bono’s venture has earned him more in the last six years than the whole of his incredible music career.

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Now Bono takes over Beatles legend Sir Paul McCartney as the world’s richest pop star. The singer, who is married to Nancy Shevell, has an impressive £730 million. While Madonna has £520 million.

Facebook hit its own ‘billion’ milestone this week, when it had one billion users in one day.
The company went public in 2009.

Source: UK Mirror