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Bono Laughs Off Billionaire Rumours

Monday, May 21st 2012 11:00

He says he didn't make as much money as people say he did

As reported last week, Bono's investment firm, Elevation Partners got a massive windfall when Facebook floated on the New York stock exchange as they own 2.3% of the company. That share is now worth an estimated $1.5bn and the U2 frontman was thought to have received a big portion of it.

However, Bono has told MSNBC that the reports are wide of the mark.

"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 told MSNBC.

Adding: "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..."

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