Paul McCartney achieves billionaire status, becomes world’s third-richest musician
CNN • • entertainment
Key Points:
- Paul McCartney has reached billionaire status with a net worth of $1.4 billion, making him the world's third-richest musician behind Jay-Z ($2.8 billion) and Taylor Swift ($2 billion).
- Forbes attributes his wealth to prolific songwriting, strategic business ventures, and a valuable art collection, with McCartney owning MPL Communications, a publishing company managing extensive music copyrights.
- MPL Communications holds rights to thousands of tracks, including Buddy Holly’s catalog and popular Christmas songs, generating significant royalties from streaming and performances.
- McCartney’s share of Beatles’ songwriting royalties is estimated to bring in at least $10 million annually, supplemented by earnings from Apple Corps, which makes over $50 million yearly from various Beatles-related revenue streams.
- Additional assets such as real estate in the UK and the Hamptons, along with an art collection featuring Picasso and Magritte, contribute to his substantial net worth.
