Facebook Makes U2’s Bono Richest Musician
Bono’s Investment Group, Elevation Partners, acquired 2.3% Facebook shares back in 2009 when the Social Media giant went public and bought an additional $120 million worth of shares from private shareholders the following year.
This week it was reported that, just six years later, the investment has returned over $1.4 billion for Elevation Partners and according to valuewalk.com, Bono’s own cut of the cake stands at around $43 million.
This wise move has made Bono the richest musician in the world right now. He has overtaken The Beatles’ Sir Paul McCartney, who has an estimated worth of $1.16 billion.
Innocence and Experience Comes To Europe
Bono will have little time celebrating this achievement. U2 have set up camp in Torino, Italy and are set to launch the European leg of their iNNOCENCE + eXPERIENCE tour in just four days.
The US leg has earned the band rave reviews, many praising the intimacy on a grand scale with the band performing better than they’ve ever done. Rolling Stones Magazine went as far as declaring that “U2 are reinventing the arena show”.
When you think of U2 or band’s of their status, you might assume their setlists are like a Greatest Hits bonanza. Not so with U2. While it’s almost inevitable to see U2 and not see them perform Where The Streets Have No Name, One, Pride (In The Name of Love) or I Will Follow, U2 have always been eager not to become victims of their own legacy like so many of their peers.
On earlier tours the band opened their shows with a tour de force of no less than six new songs before even attempting to weave in an older song. So far the iNNOCENCE + eXPERIENCE tour has seen a similar approach. When performed alongside older tunes of their back catalogue, new songs Volcano, Iris (Hold Me Close), Every Breaking Wave, The Miracle (of Joey Ramone) or the dramatic Raised By Wolves off last year’s “blitz release,” Songs of Innocence proudly stood up to anything the band has written throughout their stellar career.
But this time Bono, The Edge, Larry Mullen and Adam Clayton have gone further. Known for their consistent setlists throughout a particular tour, the band uses their experience to bring back songs off the band’s early, more innocent era.
Spoiler alert – If you’re a fan you might want to skip this section.
October, a fey piano tune off 1981’s same-titled album made its first live appearance since 1987’s The Joshua Tree tour.
Two Hearts Beat As One off 1983’s War album and not performed by the band live since 1989’s LoveTown tour.
Not as rare but Out of Control (watch the video below), The Electric Co. (both off 1980’s Boy album), Gloria (off 1981’s October), In God’s Country (off 1987’s The Joshua Tree) and Party Girl (1982 single-only release) continued U2’s attempt to reconnect with their early post-punk self.
Yet, fans are still waiting for the first-ever performance of Acrobat – the song on 1991’s Achtung Baby.
Perfect moment paraphrase one of Bono’s lyrics:
“I gave you everything you ever wanted – it wasn’t what you wanted.” – So Cruel (U2, 1991)
Talk is cheap – see for yourself when U2 arrive in the UK for two residencies at The SSE Hydro in Glasgow and The O2 in London. Tickets have pretty much sold-out everywhere but you can still find U2 tickets on Seatwave.
- The O2, London (25, 26, 29, 30)
- The O2, London (2, 3)
- The SSE Hydro, Glasgow (6, 7)
Watch U2 perform their first-ever single, 1979’s Out of Control, live on their current tour.