Paul McCartney has now become the third richest musician in the world as he joins the billion-dollar club.
Forbes shared this piece of information on 9 November via its “The Billie” newsletter, revealing that the bulk of the former Beatles member’s USD 1.4 billion fortune comes from his company MPL Communications, which he launched in 1969.
The company manages his own music catalogue as well as copyrights of other artistes like Buddy Holly and Carl Perkins, as well as several famous theatrical musical scores like “Grease,” “Annie” and “Guys and Dolls”, among others.
McCartney also gets 25 percent of earnings from the Beatles’ Apple Corps holding company, which generates USD 50 million annually from streaming, vinyl sales and merch.
Other earnings include world tours and art collection.
Before McCartney, Taylor Swift was declared a billionaire with USD 2 billion following the success of her “Eras” tour, while Jay-Z has a net worth of USD 2.8 billion
