Paul McCartney has joined the pantheon of billionaires as Forbes has ranked his net worth at approximately $1.4 billion.
\n\nThe publication gave Sir Paul the designation with the launch of its newsletter “The Billie,” citing his catalog, legal maneuvers, tours and art collection as the bulk of his fortune. With $1.4 billion in earnings, he is the world’s third-richest musician behind Taylor Swift with $2 billion and Jay-Z with $2.8 billion.
\n\nAccording to Forbes, the bulk of McCartney’s fortune comes from MLP Communications, his publishing company that he launched in 1969 and manages his own catalog as well as other artists’ copyrights. The publication notes that McCartney’s acquisition of catalogs from artists like Buddy Holly, plus Broadway musical scores and Christmas standards, contributes significantly to his wealth, accounting for nearly a quarter of a billion dollars.
\n\nElsewhere, as one-fourth of the Beatles, McCartney gets 25 percent of earnings from the Beatles’ Apple Corps holding company, which generates $50 million annually from streaming, vinyl sales and merch. Forbes estimates that the income stream is worth more than $150 million for each member or their estate. McCartney also makes $10 million per year based on his share of Beatles songwriting copyrights, which…
Original source: https://variety.com/