Paul McCartney, Bono Top List of Richest Lead Singers – News

by Dave Lifton, Ultimate Classic Rock

Three weeks ago, we learned that Ringo Starr is the world’s richest drummer. Today, the same website lists Starr’s former bandmate in the Beatles, Sir Paul McCartney, as the most valuable lead singer (and presumably, bass player) in the world.

Celebrity Net Worth estimates McCartney’s net worth at $800 million, presumably in part due to his vast publishing holdings. They arrived at the figure based on “all publicly available information including salaries, real estate holdings, divorces, record sales, royalties and endorsements. The final net worths come from a formula that takes out taxes, manager’s fees, agents’ fees, and lifestyle.”

Directly below McCartney, but far behind in terms of dollars, is Bono at “only” $600 million. It was suggested that the U2 singer had become a billionaire through his equity firm’s stake in Facebook, but he quickly denied this story.

For the record, Starr’s $300 million would have been good enough for sixth place, between Mick Jagger ($305 million) and Sting ($290 million), but he did not make the list. Apparently ‘Octopus’ Garden,’ ‘Photograph’ and countless All-Starr Band tours aren’t enough to consider him a frontman.

The rest of the Top Ten contains pretty much the names you would expect, such as Elton John, Jimmy Buffett and Prince — songwriters with large, hit-filled catalogs that can still command top dollar in concert.

Top Ten Richest Lead Singers (in millions of dollars)

1. Paul McCartney: $800
2. Bono: $600
3. Jimmy Buffett: $400
4. Elton John: $320
5. Mick Jagger: $305
6. Sting: $290
7. Phil Collins: $250
8. Dave Matthews: $250
9. Prince: $250
10. Dave Grohl: $225

U2’s Bono: ‘I’m not a billionaire’ – News

The frontman has slammed reports saying Facebook’s floatation has made him richer than Paul McCartney

NME

U2 frontman Bono has rubbished reports which stated he was to become the richest musician in the world today (May 18), overtaking Paul McCartney.

It was thought that when Facebook was floated on the stock exchange today all its early investors would earn huge amounts of money, including the U2 singer, who owns 2.3 per cent of the shares in Facebook through his private equity firm, Elevation Partners, which they bought for $90 million (£57 million) in 2009.

However, Bono has denied that his share is now worth over $1.5 billion (£940 million), putting him well above Paul McCartney in the financial stakes, who is currently the world’s richest rock star with a fortune of £665 million. Speaking to MSNBC, Bono said:

Contrary to reports, I’m not a billionaire or going to be richer than any Beatle – and not just in the sense of money, by the way, The Beatles are untouchable – those billionaire reports are a joke.

He added: “In Elevation, we invest other people’s money – endowments, pension funds. We do get paid of course. But you know, I felt rich when I was 20 years old and my wife was paying my bills. Just being in a band, I’ve always felt blessed. I got interested in technology because I’m an artist… Technology is huge, I wanted to learn about it. People might say that’s odd, but I think it’s odd if artists aren’t interested in the world around them. I’m always chasing that. Facebook are an amazing team, a brilliant team, it’s a technology that brings people together.”

U2 are rumoured to be working on new material with One Direction’s songwriters, according to reports, with Swedish pop svengali Carl Falk, who penned the boyband’s ‘What Makes You Beautiful’ apparently on board.

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