Bono Rejects ‘Wealthiest Star On The Planet’ Reports: I’m Not Richer Than ‘Any Beatle’
First Published: May 18, 2012 9:02 PM EDT Credit: Getty Images
LOS ANGELES, Calif. -- As the lead singer in U2, Bono certainly has a hefty bank account, but he’s not as rich as reports suggested on Friday.
“Contrary to reports, I am not a — this boy is not a billionaire or going to be richer than any Beatle… that’s just a joke,” he told MSNBC on Friday.
Earlier in the day, Britain’s NME suggested that the rocker’s role in Elevation Partners investment group would increase his worth by $1.5 billion as Facebook stock hit the stock market for the first time. The website suggested his stake in Eleviation Partners, which owns 2.3 percent of Facebook, would make Bono the richest rocker on the planet, wealthier than Paul McCartney.
But despite the stock’s worth (it closed at $38.23 a share), Bono is only a part of Elevation, and therefore wouldn’t pocket the entire amount.
“We invest in other people’s money, in pension funds,” Bono added in his conversation with MSNBC. “We do get paid, and that is a good thing… I’m blessed, 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 like this.
“I got interested in technology because I’m an artist, I’m interested in the forces that shape the world — politics, religion, the stuff we’ve been talking about today,” he continued. “Technology is huge. I wanted to learn about it.”
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