Paul McCartney became the world's third richest musician

Paul McCartney has joined the billionaire club with an estimated net worth of $1.4 billion, making him the third richest musician globally. His wealth primarily comes from his music catalog, business ventures, concert tours, and art collection. McCartney's MPL Communications, founded in 1969, manages his music rights and those of other artists, contributing significantly to his fortune. He also benefits from the revenues of Apple Corps, the Beatles' holding company, generating around $50 million annually. Additionally, McCartney earns about $10 million yearly from Beatles song royalties, with total earnings from these rights estimated at over $200 million. His recent activities include a world tour and the release of his 20th solo album, alongside a documentary about his post-Beatles career.