Paul McCartney is now a billionaire; third richest musician after Jay Z, Taylor Swift

Paul McCartney, the former member of The Beatles, has officially become a billionaire, according to Forbes. The financial publication revealed on Monday, November 9, that his fortune has surpassed $1.4 billion, placing him at the third position among the world's richest musicians. Only Jay-Z and Taylor Swift, with net worths of $2.8 billion and $2 billion respectively, are wealthier than the legendary musician.

McCartney's success story began in the 1960s when he sang the famous line in his song, "I don't care too much for money — money can't buy me love." However, the British singer learned the importance of financial savvy the hard way. After his initial record contract provided him with minimal earnings alongside his ex-bandmates Ringo Starr, John Legend, and George Harrison, McCartney reclaimed ownership of the Beatles' catalog through lawsuits and negotiations in the early 2010s.

This move enabled him to build his wealth by investing in his publishing company, MPL Communications, and purchasing rights to enduring hits.

Among his lucrative assets, McCartney owns timeless Christmas standards like "Baby, It's Cold Outside" and "Blue Christmas," as well as other classic hits such as "Blue Suede Shoes" and the musical scores of Grease. His career as a touring artist has also contributed significantly to his wealth. In 2022, Billboard reported that McCartney's career touring grosses had exceeded $1 billion, making him one of only 11 artists to achieve this milestone.

Throughout his career, McCartney has forged one of the most commercially successful careers in music, holding the record for most Billboard Hot 100 No. 1 hits with 20, including 19 as part of The Beatles and eight individually or with his band Wings.