PAUL MCCARTNEY BECOMES BILLIONAIRE AND WORLD'S THIRD-WEALTHIEST MUSICIAN

LONDON, NOVEMBER 10 /SRNA/ – Paul McCartney, former member of the legendary English pop group The Beatles, has become a billionaire and is now the world's third-wealthiest musician, according to Forbes magazine.

According to the magazine, McCartney is one of the best-selling recording artists of all time.

His fortune is now estimated at $1.4 billion, the magazine reports.

He ranks third among the world's wealthiest musicians, behind rapper Jay-Z and singer Taylor Swift.

Forbes notes that most of McCartney's income comes from his company MPL Communications, which manages his music catalogue and other intellectual property rights.

The company owns thousands of songs, and McCartney has acquired the catalogues of other artists, including Buddy Holly, as well as Broadway musical works and numerous Christmas songs.

Forbes reports that these assets generate annual revenue of a quarter of a billion dollars.