Paul McCartney becomes the world's third-richest musician, Forbes says
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Forbes puts Paul McCartney's net worth at about $1.4 billion, making the 84-year-old former Beatle a billionaire. That ranks him third among musicians, behind Jay-Z and Taylor Swift.
Paul McCartney has become a billionaire, according to Forbes. The magazine estimates the 84-year-old former Beatle's net worth at roughly $1.4 billion, which makes him the third-richest musician in the world. Only Jay-Z, with $2.8 billion, and Taylor Swift, with $2 billion, rank above him.
Forbes says a large share of his wealth comes from MPL Communications, the publishing company he launched in 1969. It manages his own catalogue as well as other artists' copyrights. The magazine also cites his catalogue, legal manoeuvres, tours and art collection as the bulk of his fortune. It notes that his purchases of catalogues from artists such as Buddy Holly, along with Broadway musical scores and Christmas standards including 'Baby, It's Cold Outside' and 'Blue Christmas', add significantly to his wealth.
As one of the four Beatles, McCartney receives 25 per cent of the earnings of Apple Corps, the band's holding company. Forbes says it generates $50 million a year from streaming, vinyl sales and merchandise, and estimates that this income stream is worth more than $150 million for each member or their estate.
McCartney is still active as a musician. This year he released his 20th solo album, 'The Boys of Dungeon Lane', which earned him his first Mercury Prize nomination. Separately, a large immersive Beatles fan experience is due to open in Liverpool in 2028.
