Paul McCartney Is United Kingdom’s First Billionaire Musician

Paul McCartney is the United Kingdom’s first billionaire musician as he and his wife collectively clinched a net worth of $1.3 billion.

Former The Beatles member Paul McCartney, 81, became the United Kingdom’s first billionaire musician, thanks to his music catalog and continuous touring. He reached a net worth of roughly $1.3 billion, making his financial success as monumental as his contributions to music. This remarkable achievement emphasizes his status as a cultural icon and a force to be reckoned with in the entertainment industry and beyond.

McCartney’s ascent to billionaire status is a narrative of relentless creativity and prolific, timeless hits. He continues to inspire through his work and reminds the world of music’s profound impact and legacy.

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The billionaire Beatle

The Sunday Times broke the news of McCartney becoming the United Kingdom’s first billionaire musician on the 2024 edition of their annual Rich List. He and his wife, Nancy, now have a net worth of approximately £1 billion (roughly $1.3 billion). 

The report also mentioned that in 2023, £950 million or $1.2 billion was attributed to the “Waterfalls” singer.

McCartney, dubbed as the “billionaire Beatle,” amassed his fortune through his work. He goes on tours, maintains an unparalleled music catalog, and recently collaborated with Beyoncé when she covered “Blackbird.”

Paul McCartney with Beyonce, who covered the Beatles' song, “Blackbird”
Paul McCartney with Beyonce, who covered the Beatles’ song, “Blackbird”/Photo via Instagram @paulmccartney

Thriving career

A report from CNN mentioned McCartney remains actively engaged in the music industry. Last year, the remaining Beatles released “Now and Then,” advertised as the group’s final song. 

The song features the vocals of the late John Lennon, George Harrison’s guitar playing, and McCartney’s and Ringo Starr’s recently recorded parts.

The Beatles released their last song, “Now and Then,” last year
The Beatles released their last song, “Now and Then,” last year/Photo via Instagram @thebeatles

“Now and Then” made it in Billboard’s Hot 100 and debuted at No. 7, becoming the group’s 35th top 10 hit.

READ ALSO: The Last Song: The Beatles Releases New Song ‘Now And Then’ With The Late John Lennon’s Voice Through AI

The Sunday Times’ report added that McCartney will release One Hand Clapping, a live studio album. He recorded it with his post-Beatles band Wings in 1974 for a documentary project that wasn’t released. Fans will finally get to hear the complete record in June after 50 years of waiting.

McCartney also did not fail to connect with younger audiences as he headlines major events like Glastonbury. His relentless touring and passion about his craft is a major factor on why his assets continuously soar.

Steady net worth

CNN mentioned that McCartney’s recent tours generate nearly £70 million (almost $89 million), significantly increasing his capital.

McCartney, United Kingdom’s first billionaire musician and his wife, Nancy
McCartney, United Kingdom’s first billionaire musician and his wife, Nancy/Photo via Instagram @paulmccartney

Meanwhile, Nancy contributes to their net worth through working with her family’s trucking company. She is the daughter of American trucking tycoon Myron “Mike” Shevell. She adds about £50 million (roughly $63.6 million) to their combined wealth.

Data from the Times said the couple’s net worth “has been steadily climbing for the past six years. Their wealth increased from about £750 million (approximately $953.6 million) in 2018.

Both of them spend time at his 160-acre farm near the ancient Sussex town of Rye, where they grow hemp, wheat, and peas.

Banner photo via Instagram @paulmccartney.

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