Britain's first music tycoon has emerged.

He holds the title of Britain's first music billionaire.

If you make it big in the music industry, you could become incredibly wealthy. And if you were a former Beatle, like Paul McCartney, your bank account could reach well over a billion pounds - even more than King Charles. Paul McCartney isn't just any musician; at 81 years old, he has a fortune of over 1.17 billion euros, according to the "Sunday Times". His wealth comes from his successful tour, the rise in value of his songs, a cover version of his song "Blackbird" by Beyoncé in 2023, and the reissue of his band's two compilation albums, added with 21 new tracks. The newspaper also estimates that Sir Paul's wealth increased by 50 million pounds in the last year.

Alongside McCartney, other musicians like Elton John also rank among the wealthiest people in the UK. The "Sunday Times" list includes 40 young millionaires in music, such as Ed Sheeran, Harry Styles, Adele, and Dua Lipa. Author J.K. Rowling is close to the billion-pound threshold with 945 million pounds. According to the newspaper, she donated a handsome sum of £17.9 million in the previous year to help women and children.

In 258th place is King Charles III, with an estimated fortune of 610 million pounds (10 million more than the year before), putting him above his late mother Queen Elizabeth II in the wealth rankings. Charles, after his divorce from Princess Diana, built up his wealth and acquired numerous valuable assets like Balmoral Castle in Scotland and Sandringham in eastern England. However, the "Sunday Times" admits that estimating the king's wealth is complicated, given the royal family's holdings of priceless art, jewelry, and large estates. The Times noted that these estates do not belong to the King personally and are not included in the list.

The Duke of Westminster, Hugh Grosvenor, is the wealthiest nobleman in the UK, with an estimated fortune of 10.13 billion pounds. He owns the Grosvenor Estate, with land in England and Scotland, and several properties in prestigious London districts like Belgravia and Mayfair.

British Prime Minister Rishi Sunak and his wife, Akshata Murty, outshine the monarch in terms of wealth, although just barely. Ranked 245th, they have an estimated fortune of 651 million pounds, which increased by about 150 million pounds. The hike in Murty's wealth mainly comes from the rise in value of her shares in the Indian IT company Infosys, co-founded by her dad. Sunak, a former investment banker, is known for being the wealthiest prime minister ever. But opinion polls show that he and his Conservative party might face massive losses in the upcoming general election.

Entrepreneur Gopi Hinduja and his company, Hinduja Group, top the list of the wealthiest people in the UK, with an approximate fortune of 37.2 billion pounds. However, the number of billionaires has dropped for the second consecutive year, now standing at 151.

Many factors contribute to the decrease in billionaires. One reason is the government's effort to close a tax loophole that exempts people from paying UK taxes on their foreign income. Some entrepreneurs have already moved to countries with lower tax rates. Additionally, London's property prices are sky-high, making some investors worry they won't see a return on their investment. Inflation and slower economic growth are also contributing factors.

In summary, Paul McCartney, ex-Beatle, is the richest musician in the UK with a fortune of 1.17 billion euros. Other musicians like Elton John, Ed Sheeran, Harry Styles, Adele, and Dua Lipa also made it to the list. J.K. Rowling, with a net worth of 940 million euros, narrowly missed the billion-pound mark. King Charles III ranks at 258th with 610 million pounds, despite the complications of estimating his wealth. The Duke of Westminster, Hugh Grosvenor, is the wealthiest noblesman, owning over 10 billion pounds. Prime Minister Rishi Sunak and his wife, Akshata Murty, are wealthier than the king, reaching 651 million pounds. Entrepreneur Gopi Hinduja and his conglomerate, Hinduja Group, are the wealthiest individuals in the UK, sitting at a whopping 37.2 billion pounds. However, the number of billionaires has declined for the second straight year with 151 billionaires left.