Bono is making a $1 billion off of Facebook
Time for the feel-good story of the day: Bono, who's already worth hundreds of millions of dollars, stands to make around a billion off the Facebook IPO. Finally, he can afford [insert the most expensive thing for sale on Earth here]. From the Telegraph:
One of the lesser known facts about the much-ballyhood Facebook IPO is that it will almost certainly mean a billion dollar windfall for Bono. The Irish singer's investment vehicle, Elevation Partners, bought 1% of Facebook in 2009 for $90 million. If Facebook is eventually valued at $100 billion, as most analysts believe, that will make Bono's 1% worth a cool billion.Oh, thank the Lord above that this Facebook thing worked out for Bono. Isn't it great when a one-percenter can add an enormous pile of money to the gigantic pile of money he already has, especially during this depression? I'm sure he'll spend it wisely (e.g. his next stage will cost $80 million, instead of the $40 million one U2 plays on now). How am I doing, you ask? Well, not to brag but I had a windfall come my way, too. I've been posting my services on Craigslist. As luck would have it, the market for $50 discreet handjobs is not affected by the Dow Jones Industrial Average. Yay me!
*12 Bono pictures total in the gallery:
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