Former Beatle Sir Paul McCartney and his wife, Nancy Sherrell, have placed fourth on the Sunday Times’ rich list in the music industry.
Former Beatle Sir Paul McCartney and his wife, Nancy Sherrell, have placed fourth on the Sunday Times’ rich list in the music industry. McCartney and Sherrell have a fortune worth £710 million, an increase of £30 million, with the help of Sherrell’s stake in a US trucking firm.
The list, which is to be published in full on Sunday in the Times’ Magazine, includes the Irish rock band U2, with a fortune of £428 million and the former Take That star Gary Barlow, who has a fortune of £65 million, an increase from last year of £5 million. Simon Cowell also appears on the list with a fortune worth £300 million, as well as Lord Palumbo, whose fortune has increased with the success of the Ministry of Sound dance label, to £270 million.
The list was compiled prior to Barlow’s case on tax avoidance, and, according to a statement that accompanied the list, that amount had not been affected until the case had been finalised. The list had been compiled by Philip Beresford and edited by Ian Coxon.
New entries in the young list
Len Blavatnik tops the list with a fortune of £10 billion, while Adele tops the Sunday Times’ Richest Young Musicians List, with a fortune of £45 million, with the Scottish DJ Calvin Harris (formerly an employee of Marks and Spencer), pop star Cheryl Cole and the members of the boy band One Direction following behind, with fortunes of £30 million, £16 million, and £14 million respectively.
Indeed, while this specific edition of The Sunday Times’ Rich List features a number of returnees compared to last year’s list, including Sir Elton John (with a fortune of £260 million), Sting (with a fortune of £180 million) and Pink Floyd member Roger Waters (with a fortune of £160 million), the Young Musicians List features a number of new artists, including pop stars Olly Murs, Ellie Goulding and Paolo Nutini (with fortunes of £8 million, £7 million and £6 million respectively), as well as Alex Turner, the front man of the Sheffield based rock group Arctic Monkeys (with a fortune of £9 million), and the band Mumford and Sons (Marcus Mumford and his wife, the actress Carey Mulligan, have a fortune of £13 million, whilst the other members of the band, Ted Dwane, Ben Lovett and Winston Marshall, have fortunes of £8 million each).
Yet, there are returning stars to the Young Musicians List, particularly the singers Charlotte Church with a fortune of £8 million, Lily Allen with a fortune of £6 million, Emeli Sande with a fortune of £8 million, and Ed Sheeran with a fortune of £7 million.
The list, the statement added, is based on wealth, property, land and other assets, including art, and also any stakes in companies. This is the twenty-sixth time the list has been published.
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