Bono Laughs Off Billionaire Rumours
He says he didn't make as much money as people say he didAs 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..."