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Annual rich list says Paul McCartney is Britain's first billionaire musician

Annual rich list says Paul McCartney is Britain's first billionaire musician


LONDON (AP) Paul McCartney is a billionaire Beatles.

According to figures released on Friday, the former Fab Four member is the first British musician to be worth 1 billion pounds ($1.27 billion).

The annual Sunday Times Rich List calculated that the wealth of the 81-year-old musician and his wife, Nancy Shevell, had increased by £50 million since last year thanks to McCartney's Got Back 2023 tour, at the increasing value of her catalog and Beyoncé's cover of The Beatles Blackbird on her album Cowboy Carter.

One last Beatles song, From time to time, was also released in November and topped the music charts in the US, UK and other countries. Surviving Beatles McCartney and Ringo Starr completed a demo recorded in 1977 by the late John Lennon, adding guitar from George Harrison, who died in 2001.

The newspaper estimates that £50 million of the couple's wealth is owed to Shevell, daughter of the late American trucking magnate Mike Shevell.

McCartney ranked 165th overall on newspapers' respected and widely read list of the 350 richest people in the United Kingdom. First place went to Gopi Hinduja and his family, owners of the banking, media and entertainment conglomerate Hinduja Group and whose fortune is estimated at £37 billion.

Other entertainment figures on the list include Harry Potter author JK Rowling, whose fortune is estimated at £945 million, and singer Elton John, estimated to be worth £470 million.

King Charles III ranked 258th with an estimated wealth of £610 million. The king's fortune included the large inherited private estates of Sandringham in England and Balmoral in Scotland. The total does not include items held in trust by the monarch for the nation, such as the crown jewels.

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