By AFP - May 18,2024 - Last updated at May 18,2024LONDON — Music icon Paul McCartney has become the UK’s first billionaire musician, according to the Sunday Times Rich List published on Friday, despite the country recording its largest fall in the billionaire count in the guide’s 36-year history. McCartney, whose net worth was estimated at £1 billion ($1.26 billion), has bucked the trend, with the amount of billionaires in the UK falling from a peak of 177 in 2022 to 165 this year. This is partly due to plans by the government to scrap the “non-dom tax status” from next year, the system whereby people do not pay UK tax on their overseas earnings. However, she said she would pay UK tax on that income after coming under political pressure. The head of the Indian conglomerate Hinduja Group has an estimated fortune of £37 billion.

Source: Forbes May 18, 2024 20:36 UTC