Paul McCartney becomes billionaire, third richest musician

Summarised from 2 outlets · 3 reports · Updated 10 Nov, 02:02 · Archive

Forbes estimates Paul McCartney's net worth at $1.4 billion, making him the third richest musician in the world.

Paul McCartney has become a billionaire with an estimated net worth of $1.4 billion, according to Forbes. The 84-year-old Beatles legend ranks as the third richest musician in the world, behind Taylor Swift at $2 billion and Jay-Z at $2.8 billion.

McCartney's wealth has been built through multiple revenue streams. His MPL Communications publishing company, established in 1969 before the Beatles split, is said to be worth at least $250 million. He generates tens of millions of dollars annually from royalties on his songs and musical scores—including payments whenever high school productions of shows like Grease are performed. His net worth is further bolstered by his lucrative music catalogues, hundreds of millions in earnings from world tours, real estate in the UK, and an art collection including works by Pablo Picasso.

McCartney has declined to comment on Forbes's estimates. However, he previously stated that the Beatles' original record deal "turned out to be a slave contract", giving each member less than one cent per album sold. He spent years in legal battles to secure bigger shares of the Beatles' catalogue for band members and their estates, along with his own songwriting copyrights.

McCartney has said he considers himself a "playaholic" rather than a workaholic, because he does not view his music career as work.

Paul McCartney becomes billionaire, third richest musician — Image: The West Australian

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How it is being reported

Baby You're A Rich Man: McCartney becomes a billionaireBeatles legend Paul McCartney has a net worth of over a $US1 billion, Forbes estimates.The West Australian · 10 Nov, 01:32
Baby You're A Rich Man: McCartney becomes a billionaireBeatles legend Paul McCartney has a net worth of over a $US1 billion, Forbes estimates.Perth Now · 10 Nov, 01:32
Sir Paul McCartney becomes billionaire and 'third richest musician in the world'The Beatles legend Sir Paul McCartney reportedly has a net worth of over a billion dollars.Perth Now · 9 Nov, 20:08

In this story: Paul McCartney · The Beatles · Taylor Swift · Jay-Z · Forbes · MPL Communications

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