The newest version of the paper’s annual focus on the world’s wealthiest people has been revealed at the moment (Could 21), with particular consideration being dedicated to analyzing the wealth of a number of the largest music acts from the UK and Eire.
The Sunday Instances notes that regardless of the dearth of profitable income from touring throughout nearly all of 2020 because of the coronavirus pandemic, streaming figures hit document numbers final yr.
Three of the world’s largest document labels – Sony, Common and Warner – boasted streaming revenues of $2.21 billion (£1.55 billion) in the course of the first three months of the pandemic in 2020, based on the paper.
Such worthwhile streaming figures have contributed to a giant improve in how a lot publishing and grasp rights at the moment are price, which has already prompted the gross sales of some main again catalogues up to now yr – such as Bob Dylan’s to Universal Music back in December.
Sir Paul McCartney performing reside in 2018 (Image: Jim Dyson/Getty Pictures)
McCartney has been named within the Wealthy Record 2021, alongside along with his spouse Nancy Shevell, because the UK and Eire’s richest musician with a web price of £820 million – a rise of £20 million from the 2020 listing.
U2 are positioned second with a mixed fortune of £620 million (up £37 million from final yr), whereas Lord Lloyd-Webber (£525 million, down £275 million from 2020) rounds out the highest three.
Different artists who characteristic on this yr’s prime 10 of the UK and Eire’s wealthiest musicians are Elton John (4th with a fortune of £375 million), Mick Jagger (fifth, £310 million), Keith Richards (sixth, £295 million) and Sheeran (joint ninth, £220 million).
Sheeran has additionally been named because the wealthiest “younger musician” within the UK and Eire, with the 30-year-old topping a listing forward of Harry Styles, Little Mix, Niall Horan and Louis Tomlinson.
A new documentary series featuring McCartney with producer Rick Rubin is about to premiere in July.