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Paul McCartney wealthier, but not top UK music millionaire, new rich list says

Paul McCartney and Nancy Shevell at the Coachella Music and Arts Festival in April.
Paul McCartney and Nancy Shevell at the Coachella Music and Arts Festival in April. Photo by Kevin Winter

Paul McCartney, along with wife Nancy Shevell, were ranked the richest music people in the UK and Ireland in 2013, are still in the top five in this year's UK Times rich list, but no longer sits on the top spot, according to a report in the UK Guardian May 15. With McCartney's wealth shown at £710m (roughly $1,194,291,810 USD), he came in at fourth place. That amount, though, is ahead of his wealth in 2013, which was estimated at £680 million, according to the Times.

Just ahead of him on the list this year is Sir Cameron Mackintosh, producer of hit musicals such as “Cats,” “Les Misérables,” “The Phantom of the Opera,” “Miss Saigon” and “Mary Poppins” (£1 billion or roughly $1,682,124,133 USD). The second spot was held by Clive Calder, the South African-born based record executive and businessman primarily known for co-founding the Zomba Group, at £1.4 billion (or roughly $2,354,967,790).

The number one listing went to Len Blavatnik, the Ukrainian-born businessman whose diversified holdings include Warner Music Group, with wealth estimated at £10 billion (or roughly $16,821,209,897 USD). None of the three men were listed near the top of last year's rich list, which would appear to indicate the criteria for ranking had changed.

Those following McCartney in this year's list included Lord Andrew Lloyd-Webber in the fifth spot, U2 at number six, Simon Cowell at number eight and Sir Elton John at No. 10. Adele repeated her 2013 ranking by holding on to the top spot in the list of the richest young UK musicians under 30. She was followed by Scottish DJ and owner of Fly Eye Records Calvin Harris; British pop singer and TV personality Cheryl Cole; and the five members of the boy band One Direction; who all tied for fourth place.

Last year, it was McCartney who held down the top spot of richest musicians with £680 million, up from £665 million in 2012. The rest of the 2013 top five in descending order was Lord Lloyd-Webber, U2, Sir Elton John and David and Victoria Beckham. This year's complete Rich List will be published this weekend in the UK Sunday Times.