Shalom Life | August 29, 2014

Bono Richest Musician on Earth, Thanks to Zuckerberg

The U2 front man could beat out Paul McCartney as the world’s most wealthy rock star, thanks to a Facebook investment.

By: Ashley Baylen

Published: May 18th, 2012 in Culture » Society » News

Bono Richest Musician on Earth, Thanks to Zuckerberg

Bono is best known for U2 and his prolific philanthropic work, mostly aiding various African charities. But, as of 4pm EST, Bono will also gain the moniker of “world’s wealthiest musician”, and it’s all thanks to Facebook.

As we all know, Facebook goes public today. In 2009, Bono’s investment group Elevation Partners, purchased 2.3 percent of the social network for a cool $90 million. It is estimated that when the market closes today, that investment will bring in approx. $1.5 billion. Not too bad for a day’s work.

Sure, Bono won’t see all that money personally. It is called Elevation “Partners” after all, but it will earn the Irish rocker enough to beat out Paul McCartney as the richest rock star on the planet.

The best news of all is that, according to Rolling Stone, Bono’s earnings from the Elevation Partners investment groups are mostly donated to the African charities he works closely with.

Arsenio Hall Compares Mac Miller to Maya Angelou [VIDEO] Arsenio Hall Compares Mac Miller to Maya Angelou [VIDEO] TrendingLea Michele is Returning For ‘Glee’s’ Final Season Lea Michele is Returning For ‘Glee’s’ Final Season TrendingJoan Rivers Stopped Breathing, Rushed to Hospital During Surgery Joan Rivers Stopped Breathing, Rushed to Hospital During Surgery Trending
 

The Ten Best Curb Your Enthusiasm Episodes

August 29, 2014 | By Caitlin Marceau & Daniel Koren
The Ten Best Curb Your Enthusiasm Episodes

While Season 9 may be a mere fallacy, we do have 8 seasons of Larry David's hilariously awkward comedy to keep us company

Read More

'Ray Donovan' Creator Ann Biderman Leaves Show

August 29, 2014 | By Ashley Ramnarain
'Ray Donovan' Creator Ann Biderman Leaves Show

Writer David Hollander will take the helm of the Showtime series starring Liev Schreiber

Read More

Watch the Trailer for Jon Stewart's Directorial Debut [VIDEO]

August 29, 2014 | By Ashley Ramnarain
Watch the Trailer for Jon Stewart's Directorial Debut [VIDEO]

'Rosewater' will hit a theater near you in November

Read More

Joaquin Phoenix to Play Marvel's Dr. Strange?

August 29, 2014 | By Ashley Ramnarain
Joaquin Phoenix to Play Marvel's Dr. Strange?

Reports indicate that Phoenix is in final talks to play the wizard warrior in a new Marvel franchise

Read More

Bryan Singer Investigated for Alleged Sex Crime

August 29, 2014 | By Ashley Ramnarain
Bryan Singer Investigated for Alleged Sex Crime

According to sources, the NYPD is looking into a claim that Singer sexually assaulted a man in his twenties

Read More

Spanish Imam Asks Allah to Destroy All the Jews [VIDEO]

August 29, 2014 | By Daniel Koren
Spanish Imam Asks Allah to Destroy All the Jews [VIDEO]

In a Friday sermon, Sheik Saleheoldine al-Moussaoui says the Jews are "by nature treacherous and war-mongering"

Read More

Al-Qaeda Presents: Terrorism 101, A Guide on Making Bombs and Choosing Targets

August 29, 2014 | By Daniel Koren
Al-Qaeda Presents: Terrorism 101, A Guide on Making Bombs and Choosing Targets

The terrorist organization has released a detailed booklet on how to make pressure cooker bombs, and which U.S., U.K., and Israeli targets should be attacked

Read More

Putin Compares Ukrainian Army to the Nazis

August 29, 2014 | By Daniel Koren
Putin Compares Ukrainian Army to the Nazis

The Russian President condemned Ukrainian troops firing at civilians in eastern Ukraine who he said are "suppressed with force"

Read More

More Headlines