New York - Sir Paul McCartney has topped The Sunday Times Rich List of musicians with a net worth of £730 million.

The 72-year-old Beatles legend’s worth has increased by an estimated £20 million since last year thanks to a significant boost from his wife Nancy Shevell’s £150 million stake in her family’s American trucking business.

McCartney is well ahead of his nearest rival on the list, Lord Andrew Lloyd Webber, who is estimated to be worth £650 million and Irish band U2 at third place with £431 million.

Pop veteran Sir Elton John and Rolling Stones’ frontman Sir Mick Jagger follow with their fortunes, thought to be worth £270 million and £225 million respectively.

For the third year running, singer/songwriter Adele, 26, has topped the list for young music millionaires under the age of 30 in Britain and Ireland, with an estimated fortune of £50 million, while the four members of One Direction plus former bandmate Zayn Malik share the second spot with an estimated wealth of £25 million each.

One of the fastest rising new young stars is Sam Smith, who has already amassed £12 million since rising to fame in late 2012 and his debut album ‘In The Lonely Hour’ became a worldwide hit.

Top 10 music earners

  1.     Sir Paul McCartney and

                                         Nancy Shevell £730m

    2.     Lord Lloyd-Webber £650m

    3.     U2 £431m

    4.     Sir Elton John £270m

    5.     Sir Mick Jagger £225m

    6.     Keith Richards £210m

    7.     Michael Flatley £195m

    =8.     Ringo Starr £180m

    =8.     Sting £180m

    9.     Roger Waters £160m