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.
The 9 largest musical fortunes in Britain and Ireland
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.