The reasons why Paul McCartney is now a “billionaire” Beatle

The reasons why Paul McCartney is now a “billionaire” Beatle
The reasons why Paul McCartney is now a “billionaire” Beatle

Paul McCartney is a billionaire Beatle. According to recently published figures, the former member of the Fab Four is the first British musician to be worth £1 billion ($1.27 billion).

The annual rich list Sunday Times estimated that the fortune of the 81-year-old musician and his wife, Nancy Shevell, had grown by £50 million since last year thanks to McCartney’s Got Back 2023 tour, the growing value of his catalog and Beyoncé’s cover of Blackbird by The Beatles on their album Cowboy Carter.

A “final” song by the Beatles, Now and Then, was also released in November and topped music charts in the US, UK and other countries. McCartney and Ringo Starr, the two surviving Beatles, completed a demo recorded in 1977 by the late John Lennon, adding guitar by George Harrison, who died in 2001.

The newspaper estimated that £50m of the couple’s wealth is owed to Shevell, daughter of the late US tycoon Mike Shevell.

McCartney was ranked 165th on the newspaper’s respected and widely scrutinized list of the 350 richest people in the UK. First place went to Gopi Hinduja and his family, owners of banking, media and entertainment conglomerate Hinduja Group and worth an estimated £37bn.

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

King Charles III was ranked 258th with an estimated wealth of £610 million.

The king’s fortune includes the large inherited private estates of Sandringham in England and Balmoral in Scotland. The total does not include items the monarch holds in trust for the nation, such as the Crown Jewels.

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