Bono, the lead vocalist of the Irish rock group U2, is a songwriter, musician, businessman, venture capitalist, investor, social activist and philanthropist. Bono Net Worth is $700 million, however there are differing speculations as to what Bono’s net worth truly is. Bono was born Paul David Hewson in Dublin, Ireland, on May10th, 1960. At the age of sixteen, Bono formed the band U2 and they signed a recording contract with Island Records in 1980. Still a very active band, U2 is one of the most successful bands in the world, and perhaps in the history of music, in that they have released 14 albums, won 22 Grammy awards, and they sell out every one of their concert tours. Bono’s success with U2 is where he has earned a lot of his net worth because U2 has sold millions of albums and has made billions of dollars with concert touring and merchandising.
Bono Net Worth – $700 MILLION
Birth Name – Paul David Hewson [AKA: Bono, Bono Vox]
Date of birth – 10 May 1960
Zodiac Sign – Taurus
Birth Place – Dublin, Ireland
Nationality – Irish
Height – 5′ 6″
Profession – Singer-Songwriter, Musician, Venture Capitalist, Businessman, Philanthropist
Bono is not only a successful musician, he is also a successful businessman. He owns a vast real estate portfolio and serves on the board of directors as managing partner and co-founder of the private equity corporation called Elevation Partners. It is estimated that Bono’s association with Elevation Partners has added as much as $200 million to his net worth. There is rampant speculation that Bono has become a billionaire after making an investment in the infancy of Facebook’s inception and he made that investment while associated with Elevation Partners.
It’s correct that Elevation Partners made a pre-IPO investment in Facebook for approximately $210 million and in present day that investment is estimated to be worth $1.5 billion. However, the return on the investment doesn’t solely belong to Bono, it would belong to all of the six partners of Elevation Partners and they as a group are entitled to 20% of the investment return. So Bono, himself could have made as much as $85 million on the Facebook investment. It is noteworthy to mention that Bono is also an investor in Dropbox which is a file hosting service offering cloud file storage, personal cloud and file synchronization.
Bono’s real estate holdings have also contributed to his net worth. He owns a mansion in Dublin, Ireland, called Killiney Mansion which he plans to extend, and this mansion also includes a 19th century medieval church. He also owns the New York Sam Remo apartment building located in Manhattan, New York, that he purchased from Steve Jobs in 1982, buying it from him for $15 million. Bono co-owns a hotel in Dublin called The Clarence with his U2 band-mate, The Edge, that they bought in 1992. They both refurbished the hotel and turned it into a five-star 49 room hotel.
Besides his numerous music awards, he was nominated for the Nobel Peace prize in 2006, marking the fourth time that he has been nominated for the prestigious award. Another time that he was nominated was in 2005. All times that he has been nominated has been for his philanthropic work in Africa. In 2007, Bono was listed as the Order of the British Empire honorary Knight Commander. On March 29th, 2007, he was officially granted knighthood by Queen Elizabeth II. It seems any venture he goes into raises the Bono Net Worth.