McCartney’s USD1.4B Fortune Ranks Him World’s 3rd-Richest Musician
(MENAFN) Paul McCartney has surged into the top tier of the music world’s wealthiest, landing in third place with an estimated net worth of $1.4 billion, according to a new analysis released Monday by a leading business magazine.
The 84-year-old Beatles co-founder trails only rapper and entrepreneur Jay-Z, whose fortune is pegged at $2.8 billion, and pop superstar Taylor Swift, valued at an estimated $2 billion.
Decades of royalties, songwriting copyrights, touring revenue and investments, including real estate and art, underpin the bulk of McCartney’s fortune.
His music publishing arm, MPL Communications, established in 1969, is valued at no less than $250 million. His Beatles songwriting catalog, meanwhile, is estimated to bring in $10 million or more each year, the magazine reported.
McCartney shot to worldwide fame with the Beatles in the 1960s before building a successful solo career. He declined to comment on the magazine’s valuation.
The 84-year-old Beatles co-founder trails only rapper and entrepreneur Jay-Z, whose fortune is pegged at $2.8 billion, and pop superstar Taylor Swift, valued at an estimated $2 billion.
Decades of royalties, songwriting copyrights, touring revenue and investments, including real estate and art, underpin the bulk of McCartney’s fortune.
His music publishing arm, MPL Communications, established in 1969, is valued at no less than $250 million. His Beatles songwriting catalog, meanwhile, is estimated to bring in $10 million or more each year, the magazine reported.
McCartney shot to worldwide fame with the Beatles in the 1960s before building a successful solo career. He declined to comment on the magazine’s valuation.
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