But the outdated boys – a Beatle Sir Paul is 77 and composer Sir Andrew 72 – have youth snapping at their heels. Raunchy Barbadian singer Rihanna has joined the Sunday Times Rich List as a brand new entry in third place. Now based mostly in London, the 32-year-old has amassed a fortune of £468million – and is tipped to change into the record’s first billionaire musician.
According to the figures, Sir Andrew is predicted to take a £20million hit to his fortune on account of the coronavirus disaster.
That comes after the closure of his theatres within the West End and on Broadway, compilers reckon.
He topped the record alone in 2019, with a fortune of £820million.
Sir Paul’s wealth has elevated 12 months on 12 months, up from £750million final 12 months, aided by 29 concert events which scooped greater than £92million.
He additionally launched a chart-topping album, Egypt Station. Singer Rihanna has amassed her fortune due to the success of her cosmetics and trend model Fenty, for which she has partnered with luxurious items powerhouse LWMH, and different business pursuits.
The model, launched in 2017, is valued at £2.8billion, making Rihanna’s reported 15 per cent stake price £351.6million. She has parachuted into the record forward of 73-year-old Sir Elton John, whose farewell tour noticed his wealth boosted by £40million in a 12 months to £360million, placing him fourth on the record.
List compiler Robert Watts mentioned: “Once dominated by inherited wealth, the majority of our 1,000 entries are actually self-made folks with modest, and even troubled, begins in life who work exceptionally onerous.
“Still solely 32, if Rihanna stays based mostly within the UK she may properly pip Sir Paul and Lord Lloyd-Webber to be the Rich List’s first billionaire musician.”
However, he mentioned the Covid-19 outbreak has wrecked live performance plans and he expects the wealth of many musicians to flatline over the approaching 12 months.
Rolling Stone Sir Mick Jagger is in fifth place, with £285million, whereas with fortunes of £270million Olivia and Dhani Harrison – the widow and son of Beatle George Harrison – share sixth spot with Sir Mick’s bandmate Keith Richards.
A gruelling touring schedule boosted Ed Sheeran’s fortune to £200million. He shares 10th spot with Sir Rod Stewart and Sting.
The Sunday Times Rich List is printed on Sunday.
Sheeran is younger star with most notes for second 12 months as Lipa and Ezra debut
Ed Sheeran has been topped the richest younger musician for the second 12 months operating after boosting his wealth by £40million.
The 29-year-old singer-songwriter topped the Rich List’s 30-and-under class with a fortune of £200million.
It comes after Sheeran, from Suffolk, mentioned he takes a break after enjoying greater than 250 exhibits since March 2017 on his Divide tour.
It resulted in August final 12 months, having change into the most-attended and highest-grossing tour of all time, breaking U2’s file.
Singer-songwriters Dua Lipa, 24, and George Ezra, 26, each debut, sharing 11th place with £16million. And rapper Stormzy’s wealth has risen from £16million final 12 months to £20million – putting the 26-year-old in joint-ninth with Rita Ora, 29.
Adele, knocked off the highest spot by Sheeran final 12 months, not options as she turned 32 final week.
But One Direction stars stay a dominant drive.
Harry Styles, 26, is in second place, Niall Horan, 26, is third, Louis Tomlinson, 28, is fifth, Liam Payne, 26, sixth and Zayn Malik, 27, seventh.
Girl band Little Mix, which is made up of Jesy Nelson, 28, Leigh-Anne Pinnock, 28, Jade Thirlwall, 27, and Perrie Edwards, 26, sit in fourth.
And singer Sam Smith, 27, is in eighth place.
THE WEALTH MAKERS
1 Andrew Lloyd Webber £800m
1 Sir Paul McCartney £800m
3 Rihanna £468m
4 Sir Elton John £360m
5 Sir Mick Jagger £285m
6 Olivia and Dhani Harrison £270m
6 Keith Richards £270m
8 Sir Ringo Starr £260m
9 Michael Flatley £206m
10 Ed Sheeran £200m
10 Sir Rod Stewart £200m
10 Sting £200m