Power couples and download moguls climb up rich list ladder

Power couples, record label execs and digital music download moguls are among the top 50 music millionaires in Britain and Ireland, according to the 2012 Sunday Times Rich List.

Among the wealthiest performers from Ireland are the four members and manager of U2 who have seen their combined fortune rise by €71m to €619m to put them in fifth spot.

Paul McCartney, Britain’s richest performer, moved up to third place in the latest top 50 rankings, thanks largely to his marriage in October to Nancy Shevell.

McCartney has gone up by €205m in a year — from €596m to €801m. His new wife Nancy Shevell has a €181m stake in New England Motor Freight, the haulage business led by her father. Performing and album sales account for the other €24m added to the McCartney fortune in the last year.

David and Victoria Beckham have seen their joint fortune rise by €30m, to €229m, in the last 12 months, putting them in the top 10. The former Spice Girl’s clothing and accessories company was named designer brand of the year at the 2011 British Fashion awards, while David has boosted his earnings off the pitch by a further £5m&.

Topping the music millionaires charts is Clive Calder, worth £1,627m, who sold his record label Zomba for €1.25 billion in 2002. Calder’s firm signed acts like Britney Spears and ‘N Sync. He now lives in the Cayman Islands, spending part of his time on charitable foundation Elma Philanthropies, which works in 12 African countries to improve children’s education and health.

Daniel Ek, the Swedish founder of the digital music download service Spotify, also makes the top 10. The business is valued at €1.5bn. Ek, a London-based Arsenal supporter, has a stake worth €229m in the music download service.

The chart of the top 50 music millionaires in Britain and Ireland is included in The Sunday Times Rich List 2012 an annual guide to wealth in Britain and Ireland to be published in an extra 104-page magazine free with The Sunday Times this weekend.

Rich list

*1: Clive Calder — £1,350 million

*2: Cameron Mackintosh — £725 million

*3: Paul McCartney and Nancy Shevell — £665 million

*4: Andrew Lloyd-Webber — £590 million

*5: U2 — £514 million

*6: Simon Fuller — £375 million

*7: Simon Cowell — £225 million

*8: Elton John — £220 million

*9: Michael Flatley — £192 million

*10: David and Victoria Beckham — £190 million

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