Friday 18 August 2017

€56m haul helps U2 climb to third spot on list of music millionaires

U2’s wealth is now €647m
U2’s wealth is now €647m

Joe Nerssessian

U2's wealth increased by €56m in the last 12 months, seeing them climb to third place in the latest list of the richest musicians in Ireland and Britain.

The Dublin rockers' collective wealth now stands at £548m (€647m), up from £500m (€590) last year, meaning only Paul McCartney and Andrew Lloyd Webber are ahead of them in the Music Millionaires list, released ahead of the 29th annual 'Sunday Times' Rich List, to be published this weekend.

There are also appearances on the list from Elton John, Robbie Williams, Rod Stewart and Roger Waters.

Adele is now the richest musician under 30. The 'Hello' singer's global success has rocketed her wealth to a cool £125m (€147m) - an increase of almost 50pc in the past year alone. She is the 19th richest musician - and only solo female artist.

The list is topped by McCartney and wife Nancy Shevell, who are worth a combined £780m (€921m).

The former Beatle (74) continues to increase his wealth with live appearances and last October he earned an estimated £8m (€9.4m) from the Desert Trip festival in California. He is joined on the list by ex-bandmate Ringo Starr and George Harrison's widow and son Olivia and Dhani Harrison.

Second in the list is Lloyd Webber who boasts £740m (€874m) with his continued involvement in musical theatre, while the Rolling Stones are well represented with Mick Jagger, Keith Richards and Charlie Watts increasing their wealth by £50m (€59m).

Robert Watts, compiler of the Rich List, called the rise from the Rolling Stones and older bands "striking", adding: "Many of these groups continue to play lucrative gigs well into their 70s. It seems rock music - be it performing or watching - is no longer just for the young." He added: "If Adele's career lasts as long as many of the other entries in our list, she has the potential to be the highest-earning British musician of all time."

Irish Independent

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