Paul McCartney Becomes a Billionaire, Ranks as World’s Third-Richest Musician
Photo: Joel C Ryan/AP/TT

Paul McCartney Becomes a Billionaire, Ranks as World’s Third-Richest Musician

Paul McCartney has joined the ranks of billionaires. According to Forbes, his fortune is estimated at around $1.4 billion, making him the world’s third-richest musician.

According to the American business magazine, most of McCartney’s fortune comes from MPL Communications, a production company he founded in 1969. The company manages his own music catalogue, as well as copyrights belonging to other artists, including Buddy Holly, and music from Broadway musicals and classic Christmas songs.

As one of the four members of The Beatles, McCartney also receives 25 percent of the revenue from the band’s holding company, Apple Corps, from streaming, vinyl sales and merchandise.

Jay-Z tops the list of the world’s richest musicians, with a fortune of $2.8 billion, followed by Taylor Swift with $2 billion.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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