Former Beatles member Paul McCartney has become a billionaire, with an estimated net worth of $1.4bn, making him the world’s third-richest musician, Forbes has reported.
The 84-year-old British singer-songwriter ranks behind American rapper Jay-Z, whose fortune is estimated at 2bn, according to the publication.
Forbes disclosed this in a report published on Monday, attributing McCartney’s wealth to decades of songwriting, music publishing investments, royalties, touring and property holdings.
Much of his fortune comes from MPL Communications, the music publishing company he established in 1969, shortly before The Beatles broke up.
Through the company, McCartney acquired the publishing rights to thousands of songs, including works by early rock-and-roll musician Buddy Holly and scores from Broadway musicals.
