British musician Sir Paul McCartney has officially joined the ranks of dollar billionaires: Forbes magazine estimates his net worth at approximately $1.4 billion and placed him third in its global ranking of the world's wealthiest musicians, infohub.kz reports.
The legendary artist, co-founder and former member of The Beatles, took third place on the worldwide list of the richest figures in the music industry. In the ranking, the 84-year-old Briton trails only rapper Jay-Z, whose fortune is estimated at $2.8 billion, and pop singer Taylor Swift, with a net worth of $2 billion.
Forbes disclosed the musician's financial standing as part of the launch of its new newsletter, "The Billie." Analysts cited his extensive songwriting catalog, large-scale earnings from regular world tours, shrewd legal steps to reclaim his intellectual property, and a valuable art collection and premium real estate as the key sources of his substantial wealth.
One of the former Beatle's most profitable business assets is MPL Communications, the independent publishing company he founded back in 1969. The company manages the rights to thousands of compositions, including works by other global greats, and is valued by experts at at least $250 million. His sold-out tours over recent decades have brought in hundreds of millions of dollars more.
McCartney has previously said in interviews that creativity and commercial success have always coexisted harmoniously for him, stressing that music remains a beloved game rather than a heavy routine.