Bono is the second richest rock star on the Top 50 list. So, buckle up and get ready for the U2 singer’s net worth in 2024 along with juicy details that’ll catch you up with Bono’s life.
From Finglas To Rock Royalty
Bono was born Paul David Hewson in Dublin, Ireland, on May 10, 1960. His early life was anything but a cakewalk. He was raised in the suburb of Finglas by his parents, Iris and Brendan Robert ‘Bob’ Hewson. Bono tragically lost his mother at 14. He found solace in music and idolized David Bowie, Bob Dylan, and Leonard Cohen.
His passion for music eventually led him to form U2 with his high school friends, and their journey to superstardom began. The band’s success skyrocketed through the 1980s and 1990s after hits like ‘With or Without You’ and ‘Sunday Bloody Sunday.’ U2’s ‘360° Tour’ became the highest-grossing concert tour of all time with a whopping $736 million.
Bono’s stage presence, vocals, and charisma played a role in U2’s success. But it’s not just his rock star status that contributes to his wealth. Bono’s business ventures and investments are also equally fruitful.
Bono’s Business Ventures And The Facebook Rumor
Bono’s early life and U2 career laid the foundation for his fortune, but his entrepreneurship and investment instincts helped him become the second wealthiest rockstar with a net worth of $700 million.
He purchased and refurbished the Clarence Hotel in Dublin in 1992. He transformed the once 70-room establishment into a luxurious five-star, 49-bedroom hotel. It started to attract A-list clientele and added a big chunk to Bono’s net worth.
But that’s not all. Bono also has a sizable real estate portfolio with properties in France, New York, and Dublin. He’s also a founding partner of Elevation Partners, a private equity firm, and serves on the board of Zipline drone delivery.
Let’s address the elephant in the room – the Facebook investment rumor. Many believe Bono became a billionaire after investing in Facebook through Elevation Partners, but the reality is a little more nuanced. Elevation did invest about $210 million in Facebook pre-IPO, and the investment peaked at around $1.5 billion. But Bono is only one of six founding partners entitled to roughly 20% of the profits from the investments. So, he didn’t become a billionaire from this investment, but he still pocketed a cool $40 to $50 million – not too shabby!
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