Paul McCartney is the world’s third billionaire musician

The fortune of one of the founders of the rock group The Beatles Paul McCartney reached $ 1.4 billion, he entered the three richest musicians in the world. This was reported by Forbes.

84-year-old McCartney is second only to rapper Jay-Z, whose fortune Forbes estimates at $ 2.8 billion, and singer Taylor Swift with $ 2 billion.

The basis of McCartney’s business was MPL Communications, founded in 1969, shortly before the collapse of The Beatles. It allowed McCartney to control the rights to solo career works and recordings and to receive a large share of the proceeds from them. The musician also began buying rights to other people's songs long before music catalogs became a popular investment asset.

Six decades after McCartney sang that he "doesn't care too much about money" and "maybe can't give much," he has amassed a $1.4 billion fortune by performing songs, filing lawsuits, filing counterclaims, touring and toiling. But over the years, he made far less money from The Beatles than one might think - and far more from artists who might not have been expected to. This is a classic story about how art and commerce can intertwine.