(NEW YORK) — Paul McCartney may be about to be surpassed as the wealthiest rock musician in the world by U2 frontman Bono. NME.com reports that the Irish rocker, who owns a 2.3 percent stake in Facebook, is expected to see his net worth increase significantly when the social-networking company goes public on Friday.
Facebook is valued at more than $100 billion, which will make Bono’s share worth in excess of $1.5 billion. In comparison, the Beatles legend’s fortune is estimated to be slightly over $1 billion.
Bono bought his Facebook shares for about $90 million back in 2009 through his private equity company Elevation Partners.
Copyright 2012 ABC News Radio
Jethro Mullen Ivana Kottasova and Patrick Gillespie, CNN
Sara Weber, Deseret News
Cristina Alesci Seth Fiegerman and Charles Riley, CNN
Ahiza Garcia, CNN