
U2 rocker bono is about to make $1 billion, thanks to his 2009 investment in Facebook.
Bono’s investment company Elevation Partners bought $210 million worth of shares in the social networking site almost two years ago.
This week, the site has been valued at $65 billion, meaning that Bono and his company’s share of the business is now valued at a whopping $975 million.


On Saturday night, Roman Abramovich opened his French Caribbean paradise, the 70-acre Gouverneur Bay Estate, to 400 guests for a New Year’s Eve party.
The Russian oligarch’s guests were informed to dress “island chic.” and were treated to a show from Red Hot Chili Peppers, a buffet and a DJ.
This party cost a reported $5 million and attracted a host of big-names including Rupert Murdoch, George Lucas, Marc Jacobs, Martha Stewart, Mischa Barton, Harvey Weinstein, Georgina Chapman and Jimmy Buffett.


The daughter of a Russian billionaire has broken New York real estate records by paying $88 million for a huge Manhattan apartment, Forbes magazine reported.
Yekaterina Rybolovleva, daughter of former fertilizer magnate Dmitry Rybolovlev, paid full asking price for the multiroom spread at 15 Central Park West.
This is a record for an individual transaction in a city renowned for pricey property. The record was previously owned by Sanford Weill, a former chairman of Citigroup.


Warren Buffet wrote in an editorial to the New York Times that was published Sunday that he wants to pay more taxes and thinks his mega-rich friends should too.
“While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks,” Buffet said in the editorial.
“These and other blessings are showered upon us by legislators in Washington who feel compelled to protect us, much as if we were spotted owls or some other endangered species. It’s nice to have friends in high places.”


A California mansion could become the most expensive US property to be sold at auction when it goes on the block next month with a starting bid of $22 million.
The 10,500 square-foot beachside house — originally listed at $65 million — includes six bedrooms, nine and a half bathrooms, a theater, a 75-foot (25-meter) two-lane lap pool, a gymnasium and a library with an aquarium.
The winning bidder would count Tom Hanks, Barbra Streisand and Sting as neighbors after moving into “Billionaire Beach,” part of the upscale coastal town of Malibu, near Los Angeles.


Forbes magazine has released its annual Fictional 15, which ranks the richest characters from television, film, comics and books.
On top of the list is Scrooge McDuck, a billionaire bird known for storing a fortune in gold coins inside a massive Duckburg “money bin.”
With the price of gold up more than 30% year over year, the quacking Croesus’ net worth soared to $44.1 billion.
