The October 2007 edition of Vanity Fair Magazine has listed their New Establishment power rankings of the top 100 most powerful people. Yer man Bono came in at number 28, down 4 from his ranking last year. The Vanity Fair ranking on page 277 says:

Last Year: 24

Theater of Operations: Having secured near sainthood in the spheres of entertainment and philanthro-politics, Bono, 47, is well under way on another front: corporate finance. Elevation Partners, the $1.9 billion private-equity firm he started with tech-investing savant Roger McNamee and others, has quietly rolled up major stakes in Forbes (reportedly between $250 and $300 million) and Treo-maker Palm, Inc. ($325 million), and, in May, narrowly missed out on the billion-dollar purchase of Primedia Enthusiast Media. Elevation is now snooping around Rodale, publisher of Men’s Health.

Cool Friend: According to ValleyWag, Larry Page landed the Google jet in Fez, Morocco, to pick up Bono, who guest-edited Vanity Fair’s July Africa issue, en route to the TEDGlobal Conference in Arusha, Tanzania.

Higher Callings: More than 134 churches across the world have held “U2charist” services, where traditional hymns are replaced by U2 soul-searchers such as “Pride,” “Mysterious Ways,” and “Yahweh.”

Evidence of Possibly Contradictory Behavior: Urges First World nations to steer tax dollars to relieve Third World debt, while U2’s most lucrative asset, a song-publishing catalogue, is routed through a Dutch company to avoid paying taxes in Ireland.

On the Record: “It’s any kind of sainthood tag that makes me nervous. I much prefer a ‘tough in business’ tag.”

Year Ahead: arrow in the Northeast position