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Rock Star Billionaire?

Friday, 27 Jan 2012 | 7:27 PM ET

KNTV's Scott Budman, reports Elevation Partners, run by U2's Bono, could make as much as $1.5B on the Facebook IPO; a New York jury has awarded businessman Donald Drapkin $16M in damages, in his lawsuit against billionaire Ron Perelman; and a bankruptcy court gave AMR, the parent company of American Airlines permission to walk away from nine aircraft leases.