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The Finance Base
music industry

Paul McCartney Became the U.K.’s First Billionaire Musician on the 2024 Rich List

The 2024 Sunday Times Rich List put Paul McCartney and Nancy Shevell’s combined estimated wealth at £1 billion, while leaving the underlying asset-level calculation undisclosed.

By TheFinanceBase Team 2 min read
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The 2024 Sunday Times Rich List estimated Paul McCartney and his wife, Nancy Shevell, had a combined wealth of £1 billion, making McCartney the first UK musician the list described as a billionaire. That is a dated estimate of their household wealth—not an audited valuation of McCartney’s individual assets or proof that he held £1 billion in cash.

What the 2024 Rich List actually said

The headline milestone came from an annual ranking, rather than a financial disclosure by McCartney. The list’s £1 billion estimate covered McCartney and Shevell together. The Associated Press reported that the newspaper attributed £50 million of the couple’s wealth to Shevell.

Rich List figure What it refers to
£1 billion The 2024 Sunday Times Rich List estimate for McCartney and Shevell’s combined wealth.
£50 million increase The list’s reported rise in the couple’s estimate from the prior year.
165th The couple’s position among the UK’s 350 richest people in the 2024 list.
£1.025 billion; 151st The 2025 Sunday Times Rich List estimate and ranking for McCartney and Shevell, as reported in 2025 coverage.

What reportedly drove the increase

The 2024 list connected the increase in its estimate to McCartney’s 2023 Got Back Tour, a rise in the value of his back catalogue, and Beyoncé’s cover of the Beatles’ “Blackbird” on Cowboy Carter. These are the list’s reported explanations; the available reporting does not assign an audited amount to any one factor.

Another piece of Beatles-related context was “Now and Then,” released in November 2023. The Associated Press reported that it topped charts in the United States, the United Kingdom, and other countries. The available account does not establish it as a separately quantified cause of the Rich List estimate.

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Why the claim needs a date and a qualification

Rich List figures are annual estimates, not a live account balance. The later 2025 estimate and ranking show that the assessment can change from one edition to the next; the 2024 milestone should therefore be described as the list’s finding for that year, not as a current, independently verified valuation.

The reporting available here does not provide an asset-by-asset calculation or establish the full methodology behind the estimate. It supports a claim about the combined wealth attributed to McCartney and Shevell by the Rich List, but not a precise total for McCartney alone. Nor does it show that the couple held the estimated amount in cash.

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