At 84: Paul McCartney becomes the third richest musician in the world

Paul McCartney has become the third richest musician in the world, with an estimated fortune of $1.4 billion, according to Forbes ranking. A significant portion of his wealth comes from a music rights company he founded in 1969.

Paul McCartney, 84, has become the third richest musician in the world with an estimated fortune of $1.4 billion, according to Forbes magazine's ranking. He is placed after rapper Jay-Z ($2.8 billion) and singer Taylor Swift (about $2 billion). A significant portion of his wealth comes from MPL Communications, a music publishing company he founded in 1969, which manages rights to thousands of songs, including works by Buddy Holly and musicals. The company generates annual revenues of tens of millions of dollars. McCartney also benefits from Beatles income through Apple Corps, which brings in over $50 million a year, and he holds a quarter of the revenues. Additionally, he earns from concert tours (79 shows between 2022 and 2025), real estate in the UK and US, and an art collection. Last May he released a new album, "The Boys of Dungeon Lane," and performed at various events.