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New British, Irish rich list includes 38 pop, rock stars
Posted on Thursday, April 26, 2007 (EST)
Pop and rock stars account for nearly three billion pounds (4.4 billion euros, 5.9 billion dollars) in an annual list of the richest people in Britain and Ireland to appear this weekend.
 
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Mick Jagger
© AFP/File Gabriel Bouys

LONDON (AFP) - The Sunday Times Rich List includes 38 entries from people whose fortunes derive from the music industry, and many of them are now old enough to claim their pensions, the newspaper said Friday.

The two surviving members of The Beatles -- Paul McCartney and Ringo Starr -- plus the late George Harrison's family, have a combined wealth of more than one billion pounds.

They are followed by the Rolling Stones, who are worth 570 million pounds together, with singer Mick Jagger sitting on a 215-million-pound fortune.

Ireland's U2 are the wealthiest Irish music millionaires, with a combined wealth of 487 million pounds.

Five other supergroups make onto the list: Pink Floyd (David Gilmour and Roger Waters, 85 million pounds each); Queen (Brian May, 75 million pounds; Roger Taylor, 70 million pounds); The Bee Gees (Barry and Robin Gibb, 120 million pounds combined); Led Zeppelin (Jimmy Page and Robert Plant, 70 million pounds each); and Coldplay, whose four members are worth 30 million pounds each.


Elton John
© AFP/Getty Images/File

The Rich List profiles the 1,000 wealthiest people and families in Britain plus the richest 250 in Ireland.

No advance details have been given of the richest person. Last year, Indian steel magnate Lakshmi Mittal, a British resident, topped the list with a 14.88-billion-pound fortune.

The list is based on identifiable wealth -- land, property, plus other assets like racehorse and art, or significant shares in publicly-quoted companies.

It does not include bank accounts, as the newspaper cannot access them.

The threshold for entry this year is 70 million pounds, 10 million pounds more than last time around.

The increased threshold means that Queen's John Deacon and Dire Straits' Mark Knopfler (65 million pounds each) dropped off the list.

Former record label boss Clive Calder tops the music millionaires at 1.3 billion pounds, followed by Andrew Lloyd-Webber (750 million pounds) then McCartney.

List compilers said McCartney dropped down the list this year because they made a 100-million-pound allowance for the possible cost of his divorce from wife Heather.

Other notable music millionaires include Madonna and Guy Ritchie (275 million pounds combined); Elton John (225 million pounds); Sting (185 million pounds); Eric Clapton (140 million pounds); David Bowie (120 million pounds).

©AFP

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