NEW YORK, November 10. /TASS/. Paul McCartney, one of the founding members of The Beatles, has amassed a fortune exceeding $1 bln, placing him among the world’s three wealthiest musicians, Forbes magazine reported.

According to the magazine, McCartney’s net worth is currently estimated at around $1.4 bln. His main source of income is his publishing company, MPL Communications, which allows the British musician to retain a large share of his royalties and earn revenue from the rights he has acquired to songs by dozens of other artists, Forbes noted.

McCartney also owns a 25% stake in Apple Corps, the multimedia corporation founded by The Beatles in 1968. According to the magazine’s calculations, he earns more than $50 mln annually from the company through vinyl record sales, music streaming, and his share of the band’s copyrights.

Forbes estimates that American rapper Jay-Z is currently the world’s wealthiest musician, with a fortune exceeding $2.8 bln, followed by singer Taylor Swift in second place with an estimated net worth of around $2 bln.