Paul McCartney has become a billionaire and ranks third among the richest musicians in the world

Paul McCartney, former member of the band The Beatles, has become a billionaire and is the third-richest musician in the world, according to a Forbes estimate cited by the DPA/PA Media news agency and Agerpres. The 84-year-old artist’s net worth is estimated at approximately 1.4 billion dollars.

McCartney, who has received an Oscar, an Emmy and 19 Grammy Awards, built his fortune from his music catalog, royalties, tours, properties and art collection. Most of the income comes from MPL Communications, the company founded in 1969, which manages his catalog and the rights to artists such as Buddy Holly. The portfolio also includes scores from Broadway musicals, as well as Christmas songs.

The artist also receives 25% of the revenue of The Beatles’ Apple Corps holding company, generated from streaming, vinyl sales and promotional products. He earns approximately 10 million dollars annually from the rights to the band’s compositions, estimated at at least 200 million dollars.

Jay-Z tops the ranking of the wealthiest musicians, with 2.8 billion dollars, followed by Taylor Swift, with two billion. In May, McCartney released his album “The Boys of Dungeon Lane,” which reached number one on the official UK chart.

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