Paul McCartney becomes a billionaire: where his fortune comes from

Forbes estimates the musician’s net worth at $1.4 billion

Paul McCartney has officially joined the ranks of billionaires. «Forbes» estimates the musician’s fortune at $1.4 billion, making the former Beatles member the third-richest musician in the world.

Only Jay-Z, with an estimated net worth of $2.8 billion, and Taylor Swift, whose fortune is valued at $2 billion, rank ahead of the 84-year-old McCartney.

A significant portion of McCartney’s wealth comes not only from his successful music career. His business acumen and foresight in investing in musical heritage have also played a major role.

One of his most important sources of income is MPL, the music publishing company he founded in 1969 – long before the Beatles broke up. McCartney was among the first musicians to actively build and acquire his own music catalogues, a strategy that has since become common practice across the industry.

Today, MPL owns the rights not only to part of McCartney’s own musical catalogue but also to compositions by other songwriters. Its portfolio includes music from Broadway musicals as well as some well-known Christmas hits.

Another significant contributor to McCartney’s wealth is his share of the rights to the Beatles’ songs, which he spent years fighting to secure in court. These rights now reportedly generate around $10 million a year for the musician. That figure is expected to rise in the near future, driven by renewed interest in the Fab Four following the release of an upcoming series about the band.

However, Sir Paul’s income extends well beyond music publishing. He also holds shares in several companies, including Apple Corps, and owns property in both the UK and the United States.

His private art collection is equally impressive. Among the works he owns are pieces by renowned artists such as Pablo Picasso and René Magritte.

Photo: Depositphotos.com