July 1, 2022

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Paul McCartney Turns Eighty: All About His Wealth and Extraordinary Relationship to Money The Beatles |  United States |  USA |  celebrity |  rmmn |  Lights

Paul McCartney Turns Eighty: All About His Wealth and Extraordinary Relationship to Money The Beatles | United States | USA | celebrity | rmmn | Lights

June 18, legendary musician He is 80 years old and is celebrated as the richest musician in the UK and Ireland, according to the list compiled by the “Sunday Times” in 2021. Despite the Beatles’ disappearance, McCartney has continued to amass a fortune estimated at more than $1,200 million, a number higher than The number obtained by stars such as Elton John, Ed Sheeran and others.

Of course it must be noted that the millions that abound today in Paul McCartney’s accounts are the result of his work in music and the sale of his records, but also as a result of other factors such as the right to his own songs and the songs of others, as well as his investments in various companies and the real estate sector.

Despite the millions of dollars that the Liverpool artist has, he has a strange relationship with money, as he said in a previous interview with “The New York Times”. The lack of economic resources in his childhood made the singer learn the value of things that still exist today.

What happened was, not having a lot of money, when something came home, that mattered. It mattered when my weekly comic was delivered to me. Or it was a big event when the message got through from my pen pal (I had a pen pal in Spain, Rodrigo)”McCartney said on that occasion.

“When the gifts appeared in the comics, with little trinkets, I kept them all. Some might say it’s a hoarding instinct, but Not having anything when I was a kid made this attitude consistent when it came to money. I’m a little crazy my wife is not. She knows you can get rid of things you don’t need, but I’m conservativehe added.

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your millions

Let’s start with how the legend was born. Along with John Lennon, George Harrison, and Ringo Starr, McCartney achieved international fame as a guitarist and lead singer of the Beatles, a group with which he broke all sales records. In the United States alone he has sold over 183 million records and over 600 million worldwide.

The Beatles in 1969. (Photo: Ian MacMillan)

That wasn’t all, his records continued to be sold even after the Beatles. After the group’s breakup, McCartney continued his solo career and achieved great success. In 2021, he released “III Imagined”, the nineteenth album of his solo adventure. This production quickly entered the top sellers lists around the world.

In addition to his record sales earnings, Paul McCartney owns a wide range of rights to his and others’ songs. He founded McCartney Productions Limited (MPL). Thanks to this company, he began to acquire copyrights to such great artists as Buddy Holly, Jerry Herman, Frank Loesser, Meredith Willson, Harold Arlen and others. It is estimated that half of his fortune corresponds to the profits earned by his company.

Another source of income is his touring, which brings in about $60 million a year. As if that wasn’t enough, the Liverpool artist has also invested in companies like Jaunt (a software developer) and Magex (an e-commerce services company eventually bought out by BankServ).

Last but not least its characteristics. Buying homes made the artist own a property worth 150 million dollars. In 1984 he built a house in front of the MoMa Museum in New York worth 1.88 million and in 1998 he invested nearly half a million in a house in East Hampton.

To his homes (he also owns homes on Long Island, Beverly Hills, and more) must add his enviable collection of luxury cars. Some of his favorite cars are the Aston Martin DB5, Lamborghini S2 Espada, Chevrolet C5, Corvette or the $73,000 Lexus LS 600h.