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Sir Paul McCartney holds onto title of Britain's richest musician in Sunday Times Rich List
BY SAM DEAN
21 APR 2016
Sir Paul McCartney has held onto his position as the richest musician in Britain and Ireland.
The ex-Beatle was revealed as the wealthiest “music millionaire” in this year’s Sunday Times Rich List - with a wealth of £760m, up £30m from 2015.
Olivia and Dhani Harrison - widow and son of Sir Paul’s bandmate George - are new to the list after coming in at joint sixth with a fortune of £220m.
The Harrisons would have been on the list before but this is the first year that family members who inherit a musician’s fortune have been included.
Drummer Ringo Starr is just two places behind the Harrisons in eighth with £200m, a jump up from last year’s £180m.
Some of Sir Paul’s fortune comes from his wife Nancy Shevell, who has a £150m stake in her family’s New England Motor Freight trucking business.
Second in the chart again was Lord Andrew Lloyd-Webber, who closed the gap on Sir Paul by £35m in the last 12 months.
The top five is the same as last year, with U2, Sir Elton John and Sir Mick Jagger in third, fourth and fifth respectively.
One of the big movers on this year’s list was Adele, who added £35m to her personal fortune and tops the list of musicians aged 30 and under.
Another big climber was Calvin Harris, the Dumfries-born DJ, who gained £25m and now ranks at 27 in the 2016 top 50.
David Bowie’s widow Iman Abdulmajid and son Duncan Jones are also new entrants, at 29. They have a joint family fortune of £90m, thanks largely to the £70m from Bowie’s will and royalties from the chart success of his music since his death.
uk.businessinsider.com
The 9 largest musical fortunes in Britain and Ireland
Lianna Brinded
Apr. 21, 2016
Music is big business, and while singing and playing in a band can make you rich and famous — working as producer, dancer, or lyricist can be even more lucrative.
Every year The Sunday Times publishes its highly anticipated "Rich List" of all the wealthiest people in Britain.
As a preview, the publication released a snippet of some of the rankings, by listing who accrued the largest musical fortunes in the UK.
This includes individual dancers, singers, bands, and music producers.
The Sunday Times did not say why it split some bands' musical fortunes up into individual rankings.
Business Insider took a look at some of the largest musical fortunes in Britain — none of them were women.
9. Michael Flatley — £198 million. The dancer, choreographer, and musician became famous in the 1990s for his Irish dance shows Riverdance and the Lord of the Dance.
8. Ringo Starr — £200 million. The former drummer for The Beatles amassed a huge fortune in and after his time with the band through royalties and personal music projects.
7 (joint). Keith Richards — £220 million. The Sunday Times ranked the members of the Rolling Stones separately. However, the band's guitarist has accrued a fortune that nearly reaches that of lead singer Sir Mick Jagger.
7 (joint. Olivia and Dhani Harrison — £220 million. When one of The Beatles guitarist George Harrison died in 2001, he bequeathed his fortune to his wife and only child Dhani (pictured).
5.. Sir Mick Jagger – £235 million. Jagger is one of the most famous musicians in the world and rakes in millions from royalties and major tours with the band The Rolling Stones. His fortune was further added to when he inherited his long term partner L'Wren Scott's estate when she died in 2014.
4. Sir Elton John — £280 million. The music legend continues to top up his massive wealth through his own music, appearances, and composing. He has won dozens of Ivor Novello and Grammy awards as well as many others.
3. U2 — £500 million. The Sunday Times did not split up the band's total fortune into individual rankings. They are one of the most successful bands in the world and their Innocence + Experience tour last year added another £69 million to their fortune.
2. Lord Lloyd-Webber — £715 million. Lloyd-Webber is one of the most revered composers and theatre directors in the world. His West End shows, such as The Phantom of the Opera, and Cats remain near permanent fixtures in London and are toured across the world.
1. Sir Paul McCartney and Nancy Shevell — £760 million. The singer and songwriter has amassed a huge fortune from his time in The Beatles and numerous successful solo projects and tours. He's married to American heiress Nancy Shevell, who has her own fortune from a £150 million from a stake in her father’s trucking company.
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