U2 singer Bono could very well soon become the richest rock star on the planet by a hugely substantial margin – sort of. Facebook's stock goes public very soon, and with an investment group including the U2 frontman owning 2.3% of the company's shares, up to $1.5 billion in value could arrive through the widely anticipated IPO.
The Irish rocker's investment group, Elevation Partners, paid $90 million for the company shares in 2009, before Facebook decided to go public earlier this year.
Facebook's $100 billion IPO is promised to be the second-biggest IPO in history, and the windfall of profits will very likely see the firm's co-founder and iconic rock star surpassing Sir Paul McCartney's vast fortune of an estimated $1.05 billion.
Additionally, U2 are said to be hard at work on new material with the songwriters behind British boy band One Direction, including Swedish pop writer Carl Falk, who wrote the group's breakthrough hit, "What Makes You Beautiful."
An unnamed source told NME: "The band are back in the studio getting a feel for new material after the last album 'No Line On The Horizon'. Will.i.am had a credit on that and they are looking to explore that direction further. They have been working with Danger Mouse and RedOne. They are excited about getting to work with Carl Falk."