Bono Squashes Billionaire Talk as Facebook Stock Goes Public
There were reports that Bono was ready to surpass Sir Paul McCartney as the richest musician after Facebook went public on the stock exchange on Friday, but the singer says those reports are inaccurate.
According to NME, The U2 singer, whose Elevation Partners owns a 2.3 percent share in the social networking company, told MSNBC, "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."
Elevation Partners reportedly bought in to Facebook with a $90 million investment back in 2009. The singer stated of his business acumen with his own company, "In Elevation, we invest other people's money -- endowments, pension funds. 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. I got interested in technology because I'm an artist … Technology is huge. I wanted to learn about it."
The singer says he's surprised more artists aren't aware of the world around them, but it's something he's always chasing. He adds, "Facebook are an amazing team, a brilliant team. It's a technology that brings people together."