Paul McCartney Ranks Among World’s Wealthiest Musicians with Billion-Dollar Fortune
(MENAFN) British music icon Paul McCartney has secured the position of the world's third-wealthiest musician, with an estimated fortune of $1.4 billion, according to a financial ranking released Monday.
The 84-year-old former Beatles member trails American rapper and business mogul Jay-Z, whose wealth is estimated at $2.8 billion, and global pop star Taylor Swift, with an estimated net worth of $2 billion.
McCartney accumulated much of his wealth through decades of music royalties, songwriting rights, live performances and investments in assets such as property and art.
His music publishing business, MPL Communications, established in 1969, is estimated to be worth at least $250 million. Meanwhile, copyrights to songs he wrote with the Beatles are believed to generate annual earnings of $10 million or more.
McCartney first achieved international recognition as part of the Beatles during the 1960s before building a successful career as a solo artist. He declined to comment on the valuation.
The 84-year-old former Beatles member trails American rapper and business mogul Jay-Z, whose wealth is estimated at $2.8 billion, and global pop star Taylor Swift, with an estimated net worth of $2 billion.
McCartney accumulated much of his wealth through decades of music royalties, songwriting rights, live performances and investments in assets such as property and art.
His music publishing business, MPL Communications, established in 1969, is estimated to be worth at least $250 million. Meanwhile, copyrights to songs he wrote with the Beatles are believed to generate annual earnings of $10 million or more.
McCartney first achieved international recognition as part of the Beatles during the 1960s before building a successful career as a solo artist. He declined to comment on the valuation.
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