In the 30th annual Sunday Times Rich List, set to be published this Sunday (May 12), more than one artist under 30 made major money moves. Ed Sheeran made a whopping 28 million pounds last year, putting his total net worth up to 80 million pounds. Even so, that still keeps him at 35th on the list, with Paul McCartney once again reigning supreme with a net worth of 820 million pounds.
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Rita Ora also made a splash this year with 16 million pounds, and Adele remained at the top of the rich list for young musicians with 140 million pounds. The only new entry into the top 20 this year was Calvin Harris, who is also now worth 140 million pounds.
“For years our music millionaires list has been dominated by older acts, such as the Rolling Stones and Sir Elton John, who have an older audiences able to pay a premium to see their favourite acts,” Robert Watts, who compiles the Sunday Times Rich List, said in a statement.
“But some of the biggest risers over the past year have been amongst younger acts such as Ed Sheeran, Adele and Calvin Harris,” he added. “Streaming services, the internet and income from endorsements are helping today’s young musicians build an international following — and with it their fortunes — far quicker than the older rockers.”
Look out for the 160-page special edition of The Sunday Times Magazine, which will detail the wealth of the 1,000 richest people in Britain.