Facebook IPO to Make Bono the World's Richest Musician

The U2 frontman, who owns 2.3 percent of the shares in the popular social networking site, is estimated to be making $1.5 billion from its IPO

Achtung, baby! Bono will become the wealthiest musician on the planet today, and it's all thanks to... Facebook? That's right. With Facebook's initial public offering (IPO) at 11:00 Friday morning, the U2 frontman has likely already made billions. (What'd you do before lunch?)

According to NME, the Irish rocker, 52, owns 2.3 percent of the shares of Facebook. That might not sound like a lot, but with Facebook's IPO rumored to be around $100 billion, that's a pretty decent chunk of change. In fact, it's estimated that Bono's stake in the social networking site could make him $1.5 billion.

For those of you keeping track at home, that would make Bono the richest musician in the world. Currently Paul McCartney has that honor, with a fortune of an estimated $1.05 billion. Who's having a "Beautiful Day" now, Paul?

Bono and his investment group, Elevation Partners, paid $90 million for the Facebook shares back in 2009. That was long before Facebook announced that they were planning to go public, and that's likely why they were so cheap (in retrospect). We're sure that Bono isn't sweating that cash now, as it's less than 9 percent of the amount of money he is expected to make from the IPO.

Keep in mind that Bono hasn't only been making money by playing the stock market. The rock star made an estimated $736 million over the past few years from his ticket and record sales. That puts his total gross worth at around $2.25 billion, which could feed a whole lot of children in Africa. And, knowing Bono, it likely will.

Connect with Us
Follow Our Pins

Yummy recipes, DIY projects, home decor, fashion and more curated by iVillage staffers.

Follow Our Tweets

The very dirty truth about fashion internships... DUN DUN @srslytheshow http://t.co/wfewf

On Instagram

Behind-the-scenes pics from iVillage.

Best of the Web