Report: PAUL MCCARTNEY, MICK JAGGER Hit By Economic Crisis
April 24, 2009, 15 years ago
Billboard.biz is reporting:
British singers PAUL MCCARTNEY, ELTON JOHN and MICK JAGGER have lost large chunks of their personal fortunes during the economic crisis over the last year, according to a rich list published on Friday (April 24).
Along with many of the world's richest people, their wealth has been eroded by sharp falls in the value of property, shares and other investments, the annual survey for the U.K. Sunday Times newspaper said.
Elton John's personal wealth fell by more than a quarter to £175 million ($256.8 million) from £235 million ($344.8 million) last year.
The flamboyant 62-year-old, whose hits include 'Your Song,' and 'Rocket Man', saw his wealth tumble due to a combination of the effects of the downturn, the end of a lucrative run of Las Vegas concerts and donations to charity worth £42 million ($61.6 million).
Former BEATLE McCartney saw £60 million ($88 million) wiped off his fortune, a 12% decline on last year. It now stands at £440 million ($646.4 million), according to the ST rich list.
Jagger, lead singer of the ROLLING STONES, fared even worse. His wealth slipped by 16% to £190 million ($278.8 million).
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