Showing posts with label A Beautiful Day for Bono Thanks to Facebook. Show all posts
Showing posts with label A Beautiful Day for Bono Thanks to Facebook. Show all posts

Friday, 18 May 2012

Bono is among the long list of those who will benefit when Facebook goes public on Friday. The U2 singer is set to become the richest man in rock when Facebook shares go on public sale tomorrow, overtaking Sir Paul McCartney who has topped the rock 'n' roll rich-list for years and is currently worth roughly 665 million pounds. Bono will overtake that by some distance when Facebook goes public. His Elevation Partners equity firm bought 2.3% of Zuckerberg's company in 2009 for $90 million, and that investment will be worth over $1.5 billion when the deal is done. Of course, regular people will say that it must be nice to have $90 million to risk, and they will be right. For most people, $1 million is an amount of money outside of their wildest dreams, never mind $90 million. But Bono, it is fair to say, is not most people. He is already one of the world's highest paid musicians. In the last two years, he has taken profits of around $195 million from record sales and concert receipts. That is a hell of a lot of money, but his eyebrows will be raised well above those big sunglasses over the fact that he made much more money by sitting on his butt and letting Mark Zuckerberg (and his broker) do all of the work. If he wishes, he never has to sing "Sunday Bloody Sunday" or "Who's Gonna Ride Your Wild Horses" again. When Elevation, which has a lot of wealthy private clients, first bought Facebook stock, it was worth $9 billion. In June of 2011, it had gone up to $23 billion. At the end of last year, Goldman Sachs valued it at $50 billion. On Friday, the company's value should shoot through the roof. Of course, Bono won't be able to spend that money right away as he can't sell all of his shares at once. However, it is fair to say that his value is about to rocket up. He has said that a lot of that money will go to come of Bono's charity projects which focus on humanitarian aid in Africa. The world is a funny place. For all of the criticism aimed at Zuckerberg and Facebook, the success of the site will directly result in good being done in impoverished countries. Nice work, Bono.


'Cheating' Chilean miner rescued (1) 'Codependency is not about a relationship with an addict (1) 000 inhabitants (1) A Pole Addict's 12 Step Program: Step 12 (1) ADDICTED TO LOVE (1) CONTINUE ENGAGING YOUR PRIMARY MATE (1) Celebs manage a quiet divorce (1) China’s aggressive new regulations aimed at cooling off the nation’s real estate market have led to the first decline in housing prices in 16 months (1) Courtney Cox was cheating (1) Depression (1) Hollywood ex-romance: Shia LaBeouf and Carey Mulligan confirm their Split (1) INVEST IN A “PAY-AS-YOU-GO” PHONE (1) Jerry Hall former model and wife of Rolling Stones singer Mick Jagger (1) Joaquin Villanova (1) Juhu-based actress has lodged a case against her husband and his two brother-in-laws from his first marriage for cheating and threatening her. (1) Successful businesses must focus on relationship building (1) That was the best sex ever (1) Tiger Woods Tiger hole number 3 (1) What is Compulsive Sexual Behavior (1) as ‘outrageous’ for a municipality of 30 (1) but she didn't give up looking for me at just one strip club. (1) control battles take place (1) denounced the salary of the Mayor (1) has revealed her ex-husband’s addiction for poker and women. (1) husband was having sex with someone else (1) it is the absence of relationship with self (1) mood swings and irritability - these symptoms are more visible in men when they break up with their girlfriends. (1) signs of a cheating wife you can't ignore (1) “It was like she was stalking me. “She definitely knew who I was and wanted to meet me and talk things over (1)

Unordered List


Disclaimer: The statements and articles listed here, and any opinions, are those of the writers alone, and neither are opinions of nor reflect the views of this Blog. Aggregated content created by others is the sole responsibility of the writers and its accuracy and completeness are not endorsed or guaranteed. This goes for all those links, too: Blogs have no control over the information you access via such links, does not endorse that information, cannot guarantee the accuracy of the information provided or any analysis based thereon, and shall not be responsible for it or for the consequences of your use of that information.

Blog Archive

Pageviews from the past week

Subscribe via email

Enter your email address:

Delivered by FeedBurner


Powered by Blogger.



Related Posts Plugin for WordPress, Blogger...

Popular Posts



Popular Posts