Bono Set To Become Richest Rock Star Ever [Video]


U2 front man and rock star Bono is set to be rolling in money very soon. The rocker owns 1.5% of Facebook which is expected to go public soon. If the social networking giant comes even close to the IPO valuation of $100 billion dollars that everyone is talking about, Bono will be worth more than $1 billion dollars.

This will set Bono hundreds of millions of dollars ahead of current richest rocker Paul McCartney.

Facebook is expected to go public next month in one of the largest IPO’s in history.

Facebook is currently sitting on a pile of cash from its ever increasing revenues.

As part of its initial filings with the SEC, Facebook now has more than 850 users and more than half of them sign on every single day. Company financials which were released said that the company produced a $1 billion profit last year from $3.71 billion in revenues. The company derives 85% of those revenues from advertising, with the rest from social gaming and other fees.

Facebook founder and CEO Mark Zuckerberg is expected to make more than $28 billion dollars from the IPO. He has repeatedly shied away form going public in order to keep the company focused on making great products. His slogan is,

“We don’t build services to make money; we make money to build better services,”

Until now Google Inc has had the largest IPO in history. Facebook is looking to shatter that record.

Will you be taking part in the Facebook IPO?

Watch a video about Bono and the Billions he will be making.

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