Paul McCartney Net Worth
Paul McCartney has an estimated net worth of $1.2 billion. Sir Paul McCartney was a member of the Beatles and is still one of the most popular solo performers of all time. He earned the majority of his income from album sales, concerts and music streaming.
Paul McCartney’s work as a singer/songwriter with the Beatles in the 1960s helped transform popular music into a creative, highly commercial art form, with an uncanny ability to combine the two. He is also one of the most popular solo artists of all time, both in terms of sales of his recordings and attendance at his concerts.
To calculate the net worth of Paul McCartney, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$1.2 Billion|
|Monthly Salary:||$2 Million|
|Annual Income:||$100 Million|
|Source of Wealth:||Singer, Singer-songwriter, Musician, Artist, Drummer, Guitarist, Keyboard Player, Pianist, Social activist, Poet|
Mary and James McCartney gave birth to James Paul McCartney on June 18, 1942, in Liverpool, England. His mother worked as a maternity nurse, and his father was a cotton salesman who also played jazz piano in a local band.
McCartney was raised in a traditional working-class family, much like future Beatles Ringo Starr and George Harrison. McCartney’s mother died of complications from a mastectomy when he was only 14 years old. His future bandmate, John Lennon, also lost his mother at a young age, forming a close bond between the two musicians.
McCartney began his lifelong love affair with music at a young age, encouraged by his father to try out various musical instruments. Despite taking formal music lessons as a child, the future superstar preferred to learn by ear, teaching himself the Spanish guitar, trumpet, and piano. By the age of 16, he had already written “When I’m Sixty-Four,” with the intention of selling it to Frank Sinatra.
In 1957, he met Lennon at a church festival where the Quarrymen, Lennon’s band, were performing, and was soon invited to join. The two quickly became the group’s songwriters, guiding it through numerous name changes and personnel changes. They agreed early on that all of their songs would be credited to Lennon-McCartney, regardless of who took the lead or, as happened occasionally, wrote the songs entirely on their own.
By 1960, the Beatles had settled on a new name, and Harrison, Stuart Sutcliffe, and Pete Best completed the lineup. They became regulars at Liverpool’s Cavern Club, frequently attracting over 500 people to the 200-person capacity venue. Their local fame landed them a gig in Hamburg, and they spent the next three years honing their touring skills, drinking, carousing, and occasionally getting in trouble with the law.
Sutcliffe fell in love with Astrid Kirchherr, a local artist and photographer who helped shape the Beatles’ image by influencing their wardrobe and cutting and styling their hair. Sutclliffe left the band and moved in with Astrid, freeing McCartney to take over the bass, a position he had lobbied for.
The Beatles recorded their first tracks in Hamburg, attracting the attention of Brian Epstein, a music columnist who ran his family’s record store. He went to see them perform, recognized star power, and offered to manage them. McCartney missed their first meeting with him because he chose to take a bath instead, but they eventually connected and a partnership was formed.
Epstein honed their look and onstage performance while working himself to the bone to land them a record deal. When George Martin signed them to EMI, they only had one option: replace their drummer. They ultimately chose Starr, who was already well-known for his work with Rory Storm and the Hurricanes. Best’s fans protested, swearing they’d never listen to The Beatles again, but the outrage faded as the group gained popularity.
It’s difficult to overestimate the Beatles’ influence on 1960s popular culture. “Beatlemania” quickly gripped the world, and when the band made their American debut, the media dubbed the period of musical crossover between the two countries the “British Invasion.” This epoch would have a long-lasting influence on rock ‘n’ roll.
During a decade of political and social upheaval, the Beatles expressed their contemporaries’ broader hopes for peace, love, and rock ‘n’ roll, with a dash of British “cheek” thrown in for good measure. More hits would be written by McCartney for the band than by any other member. Songs like “Yesterday,” “Hey Jude,” “Let It Be,” and “Hello, Goodbye” would serve as a generation’s soundtrack, with “Yesterday” remaining the most covered Beatles song of all time.
The Beatles released 12 studio albums between 1962 and 1970. They toured continuously until 1966, with their final show taking place on August 29 at Candlestick Park in San Francisco. They couldn’t hear themselves over the screams of their adoring fans, and their music had become more complex, making it increasingly difficult to reproduce the sound without the aid of a studio.
Wings and Solo Success
The Beatles broke up in 1970, breaking the hearts of fans all over the world. McCartney, on the other hand, had no intention of disappearing from public view. He was the first of the Beatles to release a solo album (McCartney, 1970), and while critics were divided, the album was a commercial success. Encouraged, McCartney went on to form Wings, a band that remained popular throughout the 1970s, winning two Grammy Awards and releasing numerous hit singles.
McCartney married Linda Eastman, an American photographer who would become her husband’s muse for the next 30 years, in 1969. Heather (Eastman’s daughter from a previous marriage), Mary, Stella, and James were the family’s four children. They all moved to McCartney’s farm in Scotland, where McCartney often assisted with renovations. The next thing they knew, they were back on their rustic farm, rubbing shoulders with superstars and politicians.
McCartney had a difficult time in the 1980s. In January, he was arrested in Japan for marijuana possession and spent nine days in jail. Later that year, his longtime partner and friend John Lennon was assassinated outside his New York City apartment, with whom he had recently reconciled after years of feuding. Following Lennon’s death, McCartney ceased touring and did not resume it for nearly a decade. He continued to perform and record new music, collaborating with artists such as Stevie Wonder and Michael Jackson while still enjoying massive commercial success.
He was ready to perform live again by 1989, and embarked on a world tour that would provide material for a triple live album. During the tour, he also set a world record by performing for the largest paying stadium audience in history: 184,000 people in Rio de Janeiro, Brazil. He also began working with Elvis Costello, and they both released albums with songs they had written together.
The Royal Liverpool Philharmonic Society commissioned McCartney to write an orchestral piece in the early 1990s. The result was “Liverpool Oratorio,” which debuted at number one on the UK classical chart. He took four years away from his solo career in 1994 to work on The Beatles Anthology project with former bandmates Harrison and Starr, then released a rock album and a classical album in 1997. Linda died of cancer the following year, after a long illness.
He witnessed the September 11, 2001, attack on New York City from the tarmac at JFK Airport, then became one of the organizers of The Concert for New York City. He continued to record and perform live all over the world, with Billboard magazine naming his 2002 tour the best tour of the year.
Later Career and Collaborations
Kisses on the Bottom, McCartney’s 2012 album, featured renditions of some of his childhood favorites, including “It’s Only a Paper Moon” and “My Valentine.” Later that year, McCartney made headlines after performing with fellow rocker Bruce Springsteen in London’s Hyde Park. The two rock legends even performed two Beatles hits together, “I Saw Her Standing There” and “Twist and Shout.” Unfortunately, the authorities cut this impressive live jam short: when the concert went over its scheduled time limit, event organizers turned off both Springsteen’s and McCartney’s microphones.
McCartney headlined the 2013 Bonnaroo Music & Arts Festival in Manchester, Tennessee, a four-day event held every year. Tom Petty, Billy Idol, John Oates of Hall & Oates, Jeff Tweedy, and Björk were among the other performers on the bill. The following year, he released New, which was executive produced by Giles Martin, the son of longtime Beatles producer Sir George Martin. The following year, McCartney worked with Kanye West on the single “Only One.” They collaborated with singer Rihanna on the hit “FourFiveSeconds” in 2015.
In March 2016, McCartney announced that Pure McCartney, a solo album spanning his legendary career, would be released in June. The prolific superstar began his One on One Tour in April 2016 and later performed at the Desert Trip festival in the fall, alongside Bob Dylan, Neil Young, Roger Waters, The Rolling Stones, and The Who.
McCartney released the ballad “I Don’t Know” and the more upbeat “Come On To Me” from his upcoming album, Egypt Station, in June 2018, two days after his 76th birthday. The musician explained the meaning behind the album’s title, saying, “It made me think of the ‘album’ albums we used to make… Egypt Station begins at the station on the first song, and each song is like a different station after that. So that gave us an idea to base all of the songs on. I imagine it as a dream location from which the music emanates.”
McCartney announced the first dates for his Freshen Up Tour two weeks later, with stops in four Canadian cities through the end of September. Then it was off to Texas in October to perform at the Austin City Limits Festival.
McCartney is a pop music legend. He has been knighted, named a fellow at the Royal College of Music, received the Kennedy Center Honors, and been inducted into the Rock and Roll Hall of Fame, among numerous other honors, for his contributions to global rock ‘n’ roll culture.
In 2010, President Barack Obama bestowed upon him the Gershwin Prize, the highest honor bestowed upon a musician in the United States. McCartney was the first non-American to receive this prestigious award. Two years later, he was named MusiCares Person of the Year in recognition of his artistic accomplishments and commitment to philanthropy.
Linda McCartney, McCartney’s wife of 29 years, died in 1998 after a long battle with cancer. The musician married Heather Mills, a former model and activist, four years later. Beatrice, their daughter, was born in 2003. McCartney and Mills split up in 2006, amid intense tabloid scrutiny and animosity. In October 2011, he married for the third time, to New York businesswoman Nancy Shevell, in London.
McCartney’s interests are not limited to music. The ex-Beatle experimented with filmmaking, writing, painting, meditation, and activism. Long a vegetarian, he joined forces with daughters Mary and Stella in 2009 to launch Meat Free Monday, a non-profit campaign aimed at raising awareness about the negative impact of meat consumption on both individual health and the environment. The campaign released a new short video, One Day A Week, in November 2017, which featured a previously unreleased song from the music legend, “Botswana.”
The same year, McCartney made a cameo appearance in the film Pirates of the Caribbean: Dead Men Tell No Tales, starring Johnny Depp and Javier Bardem. Hey Grandude!, a children’s book he co-wrote with illustrator Kathryn Durst, was released in 2019.
Despite his numerous business ventures and creative endeavors, the most prolific Beatle, now in his 70s, continues to tour and sell out massive arenas with no signs of slowing down. When asked about his retirement plans, McCartney, in typical fashion, replied, “Why would I want to retire? Sit at home and watch television? No, thank you. I’d rather be outside having fun.”
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