Monday, January 29, 2007

Make Poverty History (and profit from it, too)

CHICAGO TRIBUNE: Bono, who preaches charity, profits from buyouts, tax breaks -- ``U2 were never dumb in business,'' Bono says in Bono on Bono. ``We don't sit around thinking about world peace all day.''

What a business it is. Bono's empire encompasses real estate, private-equity investments, a hotel, a clothing line and a chain of restaurants. Along with fellow band members, he also owns a stake in 15 companies and trusts, including concert-booking agencies, record production firms and trusts that are mostly registered in Ireland. U2 was one of the first successful bands in the world to have obtained all rights to its own music.

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