World's Richest Musicians Ranked as Paul McCartney Joins the Billionaire Club
Summary
Forbes estimates Paul McCartney’s fortune at $1.4 billion, making him the world’s third-richest musician behind Jay-Z and Taylor Swift. His wealth includes music publishing rights, Beatles-related earnings, touring revenue, property and art.Key Facts
- Forbes estimates Jay-Z’s fortune at $2.8 billion and Taylor Swift’s at $2 billion.
- Forbes lists Bruce Springsteen at $1.2 billion and Rihanna, Beyoncé and Dr. Dre at $1 billion each.
- McCartney founded music-publishing company MPL Communications in 1969.
- MPL acquired publishing rights to works including Buddy Holly’s catalog and songs from stage productions such as Grease and Annie.
- Forbes says the Beatles’ holding company, Apple Corps, earns more than $50 million annually from streaming, vinyl sales and merchandise.
- McCartney receives a 25 percent share of Apple Corps’ earnings, which Forbes values at more than $150 million.
- Forbes estimates McCartney’s U.S. share of Beatles songwriting copyrights is worth at least $200 million and generates at least $10 million a year.
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