1. Originally posted by CMIPalaeo:One thing about Bono that people get wrong a lot is that he doesn't preach 'it's wrong to be rich when other people are so poor, how can you spend so much money on X or Y and live in such a way when millions of people can't even afford to feed themselves every day' and try to guilt people into supporting his causes, which is what a lot of people do.

    Bono preaches 'those of us who are fortunate enough to live in the developed world with all our luxuries should feel blessed, and use our fortunate position to help others.' And I think it's pretty clear that's what he does. There's more to beating extreme poverty and AIDS and famine than just throwing money at the problems, too - Bono seems more interested in supporting and assisting groups that are planning the best ways to go about fixing these problems with permanent, adaptable methods and solutions rather than basically just saying 'here's a couple million dollars, use that for a while til it dries up, try not to let any corrupt government types get their hands on it, good luck.'

    He isn't saying give every penny you've got to fight poverty and it's not fair to hold him to such a standard. The guy is very rich. He can afford to do stupid, rich-person stuff. But... he's also doubtless using lots of his wealth - probably a lot more than many other very, very rich individuals and organisations - to support the social causes he preaches about, and that's what's important. Not that he has enough money to do dumb things like buy a hat (especially if it was that awful, awful green hat) an expensive plane flight, but that he really does care about what he supports.

    People don't seem to come after Paul McCartney or Sting or other wealthy musicians, ready to crucify them for not giving enough money, when these artists and many others have supported social causes just like Bono's, and it certainly seems to me that - and this is not meant as a sleight to them - Bono certainly has more of a passion for his causes, and a desire to keep them in the public eye. Because no matter how much he can give, there's another important element here: Bono can't save the world. It takes people to save the world; you can't rely on just one guy with a lot of money and a lot to say, because that won't last forever. But the efforts of people from all across the board can.

    Maybe people just want a reason to tell him to shut up. Maybe being reminded that you have it really good and you also have the power to help make a change is annoying, or maybe it's because the stuff he talks about isn't really pleasant stuff to think about, but... Bono has always seemed so hopeful that it can change for the better. I think questioning whether or not he really believes that or really acts on his ideals seems, to me at least, to be trying a little too hard.
  2. Originally posted by blueeyedboy:[..]
    Stop giving him your money then if it bothers you so much.

    Should he stop investing his money? Or maybe stash it in a mattress where it won't accrue any interest?


  3. Can someone tell me what's wrong with earning a lot of money? Very smart move buying those shares in Facebook.
  4. Originally posted by blueeyedboy:[..]
    Stop giving him your money then if it bothers you so much.

    Should he stop investing his money? Or maybe stash it in a mattress where it won't accrue any interest?


    +1
  5. Not to mention he has had his fair share of bad investments as well. Didn't he but a lot of palm back in the day? He must have lost his shirt on that. He needed to make some back. Good job.
  6. Originally posted by BigGiRL:Not sure if Bono actually planned to be the wealthiest rockstar on Earth when he bought that facebook share in 2009. I think it is all just accidental...
    Not sure if there's irony in this post, but calling a £56.000.000 (no typo there, 56 million UK pounds) investment "accidental" makes me laugh a lot
  7. Originally posted by LikeASong:[..]
    Not sure if there's irony in this post, but calling a £56.000.000 (no typo there, 56 million UK pounds) investment "accidental" makes me laugh a lot
    No intentional irony:
    1) In 2009 there were no gurantees that the investment would pay out that much - it all seems so simple looking back, but it is a false idea.
    2) How exactly should one argue that Bono actually planned (in 2009) to become the wealtiest rockstar in 2015?
    Ergo: its accidental, an unforseen effect.
  8. Originally posted by BigGiRL:[..]
    No intentional irony:
    1) In 2009 there were no gurantees that the investment would pay out that much - it all seems so simple looking back, but it is a false idea.
    2) How exactly should one argue that Bono actually planned (in 2009) to become the wealtiest rockstar in 2015?
    Ergo: its accidental, an unforseen effect.
    Roasted
  9. Originally posted by BigGiRL:[..]
    No intentional irony:
    1) In 2009 there were no gurantees that the investment would pay out that much - it all seems so simple looking back, but it is a false idea.
    2) How exactly should one argue that Bono actually planned (in 2009) to become the wealtiest rockstar in 2015?
    Ergo: its accidental, an unforseen effect.
    When you invest you expect to win back. No accident, no unforeseen effect. Just what he expected.

    Accidental would have been throwing £56million into The Edge's swimming pool and winning £960million back.
  10. It wasn't an accident, it was a smart business play on the part of whoever handles Bono's money.

    It might've even just been whoever that is saying "this looks promising, you should buy stock" and less of Bono saying "Facebook is the future!". Bono's a creative and political mind, no doubt, but when it comes to money, there are too many stories from the other members of U2 that might imply he didn't really oversee that decision as much as the article lets on :p
  11. Guess all those people on Forbes rich lists are on there cause of an accident
  12. guys, who gives he's got the money, he's one rich mofo. congrats, bono, you did it, you won at life. here's to you