U2's Bono: 'I'm not a billionaire'

The frontman has slammed reports saying Facebook's floatation has made him richer than Paul McCartney

U2's Bono: 'I'm not a billionaire'
U2 frontman Bono has rubbished reports which stated he was to become the richest musician in the world today (May 18), overtaking Paul McCartney.

It was thought that when Facebook was floated on the stock exchange today all its early investors would earn huge amounts of money, including the U2 singer, who owns 2.3 per cent of the shares in Facebook through his private equity firm, Elevation Partners, which they bought for $90 million (£57 million) in 2009.

However, Bono has denied that his share is now worth over $1.5 billion (£940 million), putting him well above Paul McCartney in the financial stakes, who is currently the world's richest rock star with a fortune of £665 million. Speaking to MSNBC, Bono said:

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.


He added: "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. People might say that's odd, but I think it's odd if artists aren't interested in the world around them. I'm always chasing that. Facebook are an amazing team, a brilliant team, it's a technology that brings people together."

U2 are rumoured to be working on new material with One Direction's songwriters, according to reports, with Swedish pop svengali Carl Falk, who penned the boyband's 'What Makes You Beautiful' apparently on board.

Read More On This Artist

More News
St Vincent hosts radio show for BBC 6 Music's 'Three Wise Women' Christmas...
The War on Drugs' Adam Granduciel: 'I didn't like the way Mark Kozelek criticised...
Avril Lavigne denies rumours that she's in rehab
Prince shares lyric video for 'ANOTHERLOVE' - watch
Arctic Monkeys share short documentary film to mark end of 'AM' world tour
Wale and A-Trak release new Seinfeld-themed 'Festivus' mixtape
Madonna asks fans not to listen to her leaked album tracks
Bryan Ferry's son Merlin injured in car crash
One Direction sing 'Santa Claus Is Coming To Town' with Jimmy Fallon and The Roots - watch
Footage emerges of a young Björk telling the nativity story - watch
Kanye West impersonator turns 'Yeezus' into a Christmas album - listen
$39 million settlement reached for 2011 Sugarland stage collapse which killed seven
Darkside's Dave Harrington joined by Antlers' frontman for Joni Mitchell cover - listen
Justin Timberlake joined onstage by country singer Garth Brooks - watch
The National make Christmas cameo in 'Bob's Burgers' - watch
Slipknot share video for 'The Devil In I', filmed live at Knotfest
Joey Bada$$ shares new song 'Curry Chicken' – listen
Pusha T says his new album will be 'smacking people left and right' when it is released...
Future Islands' Samuel T Herring reveals he was hurt by reaction to his Letterman performance
Mark Ronson reveals 'Daffodils' collaboration with Tame Impala's Kevin Parker –...
Pink Floyd co-founder Roger Waters attacks 'institutionalised brutality' of Guantanamo Bay
Tom DeLonge: 'Blink-182 don't have anything to prove'

More News

Comments

Please login to add your comment.

Latest Tickets - Booking Now
 
Know Your NME
 

 
NME Store & Framed Prints
Inside NME.COM