Bob Geldof is 65 and had a life before groupthink mentality took over younger people, so he really should know better. He does little performing these days, little songwriting so his income must come from somewhere. I know he has money, but even wealthy people want an income from somewhere other than savings. You can make a fair living via charitable movements.
Geldof has been an ambassador for the One Young World organisation for 6 years and travels worldwide to speak at their annuals. Their strategic partner is listed as the brewer, Anheuser-Busch only. But Delegates are sent from: BNP Paribas, Barclays, Citi, Barclays, CocaCola, KPMG, BMW, Lenovo (IBM), Siemens, Unilever, Telefonica, AstraZeneca, Bristol-Myers, J&J, etc etc.
Sounds like big business hiding behind the skirts of doing good.