Paul "Beatles" McCartney is now a billionaire, his wealth beats that of King Charles III
Paul McCartney, former Beatles member, becomes Britain's first billionaire musician. He “defeated” King Charles III.
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Musician Paul McCartney performs at the Glastonbury Festival at Worthy Farm, Somerset, England, June 25, 2022.
LONDON, SATURDAY - Paul McCartney, member of the legendary music group Beatles, is now a billionaire. The 81-year-old musician was listed as the first British musician to enter the list of billionaires according to the Sunday Times media, which was released Friday (17/5/2024).
McCartney has a fortune of 1 billion pounds sterling or 1.27 billion US dollars. If converted into rupiah, it is approximately IDR 20.2 trillion. This wealth figure exceeds the wealth owned by King Charles III, king of Great Britain and dozens of other countries or territories.
In its annual report entitled "Sunday Times Rich List”, the British media said that McCartney and his wife, Nancy Shevell, have increased 50 million pounds sterling since 2023. The increase in their wealth is thanks to the Got Back tour 2023 McCartney, an increase in the value of his catalog of old songs, and thanks to Beyonce's move to re-release The Beatles' song "Blackbird". This song, written by McCartney in 1968, was included on Beyonce's Cowboy Carter album.
Apart from that, his wealth also increased thanks to the last Beatles song, Now and Then, which was released in November 2023. The song topped the charts in the US, UK , and other countries.
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On November 2, 2023, BBC reported that McCartney and Ringo Starr— the surviving members of the Beatles—had completed a demo song that was recorded in 1977 by the late John Lennon. They added guitar touches from George Harrison, which were recorded in 1995. Meanwhile, The Beatles' producer, Giles Martin, added new arrangements.
King Charles III of England held a pen alongside Queen Camilla as they signed a guest book after attending a city council meeting in Dunfermline, Scotland on October 3, 2022.
The richest Hinduja
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Every year, the Sunday Times always releases a list of the 350 richest people in England. A person is on the list if they have a minimum wealth of £350 million.
Of the 350 individuals and families on this year's list of richest people, there is a combined wealth of £795.3 billion. According to the Sunday Times, the combined wealth figure is larger than the Polish economy.
In a photo archive, it shows the British music group, The Beatles. John Lennon, Ringo Starr, Paul McCartney, and George Harrison (from left to right) on February 7, 1964, upon arriving at John F. Kennedy International Airport in New York, USA.
According to Robert Watts, compiler of the Sunday Times list of Britain's richest people, quoted by the online site News UK, this year's list shows the largest decline in the number of billionaires in the list's 36-year history. The peak number of billionaires occurred in 2022 with 177 people, then decreased to 165 billionaires in 2022.
"The explosion of British billionaires has ended. Many domestic entrepreneurs have experienced a decline in wealth, and some global super-rich people who have come here have moved," Watts said.
The total wealth of 350 individuals and families on the list of the richest people in the UK this year is greater than the economy of Poland.
Watts said, "To a certain extent, thousands of job opportunities in the UK depend on super-rich individuals." "We have to wait and see if we have now reached the peak of billionaires and what impact it has on our economy," he added.
According to a report from the BBC, several individuals have experienced a decline in wealth, including Richard Branson. The Virgin Money owner and Galactic space tourism company saw his wealth drop to £2.4 billion due to difficult years he faced.
Jim Ratcliffe, who bought 27.7 percent of Manchester United for around 1.25 billion pounds sterling in February 2024, suffered “major losses”. However, the £6.16 billion drop in his wealth was caused in large part by a huge drop in profits from chemical giant Ineos Group. In the Sunday Times list, he is ranked fourth with a fortune of 23.519 billion pounds sterling.
British businessman and Ineo CEO Jim Ratcliffe (right) and OGC Nice President Jean-Pierre Riviere watch the French football competition match between OGC Nice and Paris Saint-Germain at the Allianz Riviera Stadium, Nice, France, May 15, 2024. Even though his wealth is shrinking, Ratcliffe is ranked the fourth richest person in England according to the Sunday Times.
The inventor James Dyson and his family also experienced a decrease in wealth of up to 2.2 billion pounds sterling. Nevertheless, Dyson is among the top five richest people in England.
New arrivals
Apart from that, this rich list also noted newcomers. Among them is Graham King who, according to the Sunday Times, has amassed a fortune of £750 million from holiday parks, bequests and housing asylum seekers for the government.
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Then there is Euan Blair, the eldest son of former British Prime Minister Tony Blair, who owns a wealth of 375 million pounds sterling through his company Multiverse. There is also the name of Lewis Hamilton, a Formula 1 racer who will move from Mercedes to Ferrari in the 2025 season. Hamilton closes the list with a wealth of 350 million pounds sterling.
Mercedes racer, Lewis Hamilton (left), arrives at the Dino and Enzo Ferrari racing track in Imola, Italy, Thursday (16/5/2024). He entered as a newcomer to the list of the richest people in England according to the Sunday Times.
”These may be difficult times to generate wealth. But The Sunday Times's rich list continues to reveal entrepreneurs who are building wealth in diverse and often surprising ways,” said Watts.
"The new participants this year include people who earn money from artificial intelligence and the digital world, as well as pipe equipment and teaching aids," he said. (AP/AFP)
