Paul McCartney of "The Beatles" Has $2 Trillion Fortune... Ranks No. 3 Among Billionaire Musicians
Jay-Z ranks first with $2.8 billion, followed by Swift with $2 billion
Still active in music in his 80s... earning income from royalties and copyrights
Paul McCartney, 84, a member of the legendary band The Beatles, has reportedly joined the ranks of billionaires, with an estimated fortune of around 2 trillion won.
On November 10 local time, U.S. business magazine Forbes and CNN reported that McCartney's net worth was estimated at $1.4 billion (approximately 1.8726 trillion won).
McCartney is now the world's third-richest musician, behind hip-hop mogul Jay-Z, who is married to Beyoncé, with $2.8 billion, and Taylor Swift, with $2 billion. He is classified as a billionaire, with assets worth at least $1 billion.
McCartney was born into a working-class family in Liverpool, England, but rose to worldwide fame with The Beatles in the 1960s. Alongside John Lennon, he created numerous timeless hits, including "Yesterday," "Hey Jude," and "Let It Be." After The Beatles broke up, he continued his successful music career as a solo artist and a member of the band Wings.
McCartney's immense wealth reportedly stems from decades of album sales and concert revenue, as well as music copyrights. He has amassed wealth through a lifetime of songwriting and managing music intellectual property (IP). His Beatles copyrights alone are reported to generate $10 million in income each year.
The Beatles' music continues to be loved around the world, generating a steady stream of revenue.
In 1969, he founded MPL Communications. In addition to the rights to his own songs, he acquired the copyrights to the musicals "Grease" and "Annie," as well as the Christmas songs "It's Beginning to Look a Lot Like Christmas" and "Baby, It's Cold Outside," earning royalties from them.
He also collects art and has bought works by artists including Picasso and Magritte, which is also said to have contributed to the growth of his net worth.
McCartney was previously named the first British musician to become a billionaire on the Sunday Times Rich List published in 2024. His and his wife Nancy Shevell's combined wealth was used for that ranking, while the significance of Forbes' latest estimate is that it is based on McCartney's individual net worth.
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Born in 1942 and now 84, McCartney continues to make music despite his advanced age. Recently, he also performed a song at the wedding of Taylor Swift, 36, and Travis Kelce, 36, which drew intense interest from around the world.
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