Paul McCartney joins the billionaires' club, says Forbes

Paul McCartney has become a billionaire, according to a new analysis by Forbes.

The magazine values the former Beatle's net worth at $1.4bn (£1.04bn), making him the world's third richest musician. Only Jay-Z, on $2.8bn (£2.01bn), and Taylor Swift, on $2bn (£1.49bn), are ahead of him.

Forbes puts his wealth down to his music catalogue, legal manoeuvres, tours and art collection. The 84-year-old gets the bulk of his fortune from MPL Communications, the publishing company he founded in 1969, which manages his own catalogue and those of other artists.

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