Bono Denies Billionaire Reports

(Classic Rock) U2 frontman Bono has shouted down reports that the floatation of Facebook on the stock market made him a billionaire on Friday.

His private equity firm Elevation Partners bought a 2.3% share in the social media giant in 2009, which cost them $90m but was valued at $1.5bn last week.

But he suggests he's made the relatively small amount of between $4m and $10m, and adds that it would be impossible for him to become more wealthy than ex-Beatle Paul McCartney, who's topped the rock rich list for years with an estimated worth of 660m ($1.1bn).

Classic Rock Magazine is an official news provider for antiMusic.com.
Copyright Classic Rock Magazine- Excerpted here with permission.

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