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An annual rich list says Paul McCartney is Britain's first billionaire musician

LONDON (AP) 鈥 Paul McCartney is a billionaire Beatle. According to figures released Friday, the former member of the Fab Four is the first British musician to be worth 1 billion pounds ($1.27 billion).
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FILE - Paul McCartney performs at Glastonbury Festival in Worthy Farm, Somerset, England, Saturday, June 25, 2022. Paul McCartney is a billionaire Beatle. The former member of the Fab Four is the first British musician to be worth 1 billion pounds ($1.27 billion), according to figures released Friday, May 17, 2024. (Joel C Ryan/Invision/AP, File)

LONDON (AP) 鈥 is a billionaire Beatle.

According to figures released Friday, the former member of the Fab Four is the first British musician to be worth 1 billion pounds ($1.27 billion).

The annual Sunday Times Rich List calculated that the wealth of the 81-year-old musician and his wife, Nancy Shevell, had grown by 50 million pounds since last year thanks to McCartney鈥檚 2023 Got Back tour, the rising value of his back catalogue and Beyonce鈥檚 cover of The Beatles鈥 鈥淏lackbird鈥 on her 鈥淐owboy Carter鈥 album.

A 鈥渇inal鈥 Beatles song, was also released in November and topped music charts in the U.S., the U.K. and other countries. Surviving Beatles McCartney and Ringo Starr completed a demo track recorded in 1977 by the late John Lennon, adding in guitar by George Harrison, who died in 2001.

The newspaper estimated 50 million pounds of the couple鈥檚 wealth is due to Shevell, daughter of the late U.S. trucking tycoon Mike Shevell.

McCartney ranked 165th overall on the newspaper鈥檚 respected and widely perused list of the U.K.鈥檚 350 richest people. Top spot went to Gopi Hinduja and his family, who own the banking, media and entertainment conglomerate Hinduja Group and are worth an estimated 37 billion pounds.

Other entertainment figures on the list include 鈥淗arry Potter鈥 author J.K. Rowling, whose fortune is estimated at 945 million pounds, and singer Elton John, estimated to be worth 470 million pounds.

King Charles III ranked 258th with an estimated wealth of 610 million pounds. The king鈥檚 fortune includes the large inherited private estates of Sandringham in England and Balmoral in Scotland. The total does not include items that are held in trust by the monarch for the nation, such as the Crown Jewels.

The Associated Press