U2 frontman Bono's Facebook stake to make him richest musician in the worldMay 18, 2012 - 17:38 AMT PanARMENIAN.Net - U2 frontman Bono will become the richest musician in the world May 18, overtaking Paul McCartney, the Hollywood Reporter said citing NME. Facebook is set to float on the stock exchange and all its early investors are set to earn huge amounts of money from the flotation, with the Irish singer among them. The U2 singer owns 2.3 percent of the shares in Facebook through his private equity firm, Elevation Partners, which it bought for $90 million (£57 million) in 2009 and now stands to make a handsome return. Given the social media company is currently valued at over $100 billion (£63 billion), this makes Bono's share worth over $1.5 billion (£940 million) and puts him well above McCartney, who is currently the world's richest rock star with a fortune of £665 million. Top stories The creative crew of the Public TV had chosen 13-year-old Malena as a participant of this year's contest. She called on others to also suspend their accounts over the companies’ failure to tackle hate speech. Penderecki was known for his film scores, including for William Friedkin’s “The Exorcist”, Stanley Kubrick’s “The Shining”. The festival made the news public on March 19, saying that “several options are considered in order to preserve its running” Partner news | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |