Jason O'Brien
Rock band U2 now have an estimated collective fortune of (EU)715m...but even that huge wealth is only enough to secure 20th position on this year's Irish Rich List.
The full list will be published on Sunday and is again expected to be topped by Dublin-born model Hilary Weston, who married into a retailing dynasty in Canada and has an estimated fortune of (EU)7bn.
But the fall of Bono and the boys from 13th position on the list -- despite earning more than (EU)25m last year from their Vertigo tour -- highlights the increasing competition at the top of the Irish rich list.
A number of property magnates are understood to have overtaken U2, and the number of Irish billionaires has also increased from last year's total of seven.
Quinn Group chairman Sean Quinn and Independent Newspapers chairman Sir Anthony O'Reilly are believed to be among the top three richest. However, the four U2 band members -- who split their earnings with manager Paul McGuinness -- continue to top the separate list of Irish music entertainers, which was released yesterday.
Lord of the Dance star Michael Flatley is the runner-up with his estimated (EU)550m fortune. He is followed by reclusive singer Enya, who was Ireland's best-selling artist last year and saw her personal fortune top (EU)112m. Others on the list include Van Morrison (EU74m), Bob Geldof (EU51m), and Chris de Burgh (EU46m).