Contact Us

U2 Singer Bono Denies Facebook IPO Made Him World’s Richest Rock Star

Jason Merritt, Getty Images

The initial public offering of Facebook on Friday (May 18) may not have been as successful as many had expected. But even if it had done better than closing at only 23 cents more than the opening price, it would not have put Bono up with Paul McCartney in the exclusive Billionaire Rockers Club as had been initially believed.

Speaking to MSNBC’s Andrea Mitchell, the U2 singer said, “Contrary to reports, I’m not a billionaire or going to be richer than any Beatle — and not just in the sense of money, by the way, the Beatles are untouchable — those billionaire reports are a joke.”

In 2009, Bono’s equity firm, Elevation Partners, bought 2.3% of Facebook for $90 million. However, he said that the money used for the investment did not come from the millions of albums and concert tickets U2 have sold throughout their career.

“In Elevation, we invest other people’s money — endowments, pension funds,” he continued. “We do get paid of course. But you know, I felt rich when I was 20 years old and my wife was paying my bills. Just being in a band, I’ve always felt blessed.”


Recommended For You

Around the Web

Best of Ultimate Classic Rock

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for Ultimate Classic Rock quickly by connecting your Facebook account. It's just as secure and no password to remember!