The former Beatles member, Paul McCartney, now holds the third spot among the world’s wealthiest musicians, behind Jay-Z and Taylor Swift|Raph_PH|CC BY 2.0
Paul McCartney reached another milestone in his legendary career, becoming a billionaire with an estimated fortune of $1.4 billion, according to Forbes.
The former Beatles member now holds the third spot among the world’s wealthiest musicians, behind Jay-Z and Taylor Swift.
His fortune goes far beyond record sales. McCartney has turned decades of songwriting success into a steady stream of income through music rights, business ventures and live performances.
A major contributor is MPL Communications, the publishing company he established in 1969. It owns rights to his music and works by several other artists, including Buddy Holly. His investments also cover Broadway productions and popular Christmas songs.
The Beatles continue to bring in millions through music streaming, merchandise and vinyl sales. McCartney also earns royalties from the band’s songwriting catalog, which he spent years fighting to reclaim.
His successful tours, international property holdings and valuable art collection have further boosted his wealth. McCartney remains active in music and released his 20th solo album, The Boys of Dungeon Lane, in May.