Paul McCartney has officially become a billionaire.
This was revealed by Forbes, who said that the music legend is now worth an estimated, $1.4 billion (£1 billion), making him the third wealthiest musician behind Jay-Z, and Taylor Swift, who are worth an estimated $1.4 billion (£1 billion) and $2 billion (£1.4 billion) respectively.
It has been reported that Paul McCartney's wealth largely generates from from MPL communications, a publishing company he founded in 1969, described as his "biggest business" and worth "at least a quarter of a billion dollars".
This company handles McCartney's solo material, as well as owning the rights to many iconic tracks, including The Four Seasons' Big Girls Don't Cry and Carl Perkins's 1955 track Blue Suede Shoes, as well as Christmas classics like Baby, It's Cold Outside and It's Beginning to Look a Lot Like Christmas.
Paul McCartney and former Beatles bandmate, Ringo Starr get a quarter of the earnings from the Beatles' Apple Corps holding company, while the rest goes to the estates of the late Fab Four members, John Lennon and George Harrison.
This is worth "more than $150 million (£111 million) apiece", between streaming, merchandise and vinyl record sales.
McCartney also receives income from his music tours, real estate in the UK, and the US, as well as an extensive art collection which has paintings from Picasso and Magritte.
Back in May, McCartney also released his twentieth studio album, The Boys of Dungeon Lane.
Last month, the key to McCartney's childhood sold for £6,100 at an auction, much more than its original estimate. The house itself is located at 20 Forthlin Road in Liverpool, where McCartney homed his skills on the trumpet, piano and guitar prior to his fame with the Beatles.
He also worked and developed music with John Lennon. They also made early home recordings with the Fab Four there. More on this from Nova here.
