This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/entertainment/8015303.stm
The article has changed 2 times. There is an RSS feed of changes available.
Previous version
1
Next version
Version 0 | Version 1 |
---|---|
Music giants' 'fortunes dwindle' | Music giants' 'fortunes dwindle' |
(about 16 hours later) | |
The wealth of most of Britain's top music millionaires has fallen by at least 10%, according to the Sunday Times' annual rich list. | The wealth of most of Britain's top music millionaires has fallen by at least 10%, according to the Sunday Times' annual rich list. |
Singer Sir Elton John, for example, has seen his wealth drop 26%, from £235m in 2008 to £175m in 2009. | Singer Sir Elton John, for example, has seen his wealth drop 26%, from £235m in 2008 to £175m in 2009. |
Sir Paul McCartney is worth £440m, down from £500m, while pop mogul Simon Fuller has £300m, after losing £150m. | Sir Paul McCartney is worth £440m, down from £500m, while pop mogul Simon Fuller has £300m, after losing £150m. |
Elsewhere the combined wealth of Cheryl and Ashley Cole sees them rated fourth in a list of young music millionaires. | Elsewhere the combined wealth of Cheryl and Ashley Cole sees them rated fourth in a list of young music millionaires. |
Welsh pop star Duffy has also joined the wealthy young elite, her £4m fortune seeing her rated joint 16th in the rundown. | Welsh pop star Duffy has also joined the wealthy young elite, her £4m fortune seeing her rated joint 16th in the rundown. |
Katie Melua and Amy Winehouse fare less well, however, their respective fortunes down 44% and 50% on last year's estimates. | |
Plummeting value | Plummeting value |
Former record label boss Clive Calder remains top of the Sunday Times' main music list, his £1.3bn fortune putting him comfortably ahead of nearest rival Lord Lloyd-Webber. | Former record label boss Clive Calder remains top of the Sunday Times' main music list, his £1.3bn fortune putting him comfortably ahead of nearest rival Lord Lloyd-Webber. |
Sir Paul comes third, with fourth place held by theatrical impresario Sir Cameron Mackintosh, whose estimated wealth of £350m marks a 22% fall on last year's valuation. | Sir Paul comes third, with fourth place held by theatrical impresario Sir Cameron Mackintosh, whose estimated wealth of £350m marks a 22% fall on last year's valuation. |
THE MUSIC MILLIONAIRES RICH LIST 2009 1. Clive Calder (£1.3bn)2. Lord Lloyd-Webber (£750m)3. Sir Paul McCartney (£440m)4. Sir Cameron Mackintosh (£350m)5. Simon Fuller (£300m)6. Sir Mick Jagger (£190m)7. Sting (£180m)8= Sir Elton John (£175m)8= Keith Richards (£175m) 10= Olivia and Dhani Harrison (£140m)10= Sir Tim Rice (£140m) Source: The Sunday Times | THE MUSIC MILLIONAIRES RICH LIST 2009 1. Clive Calder (£1.3bn)2. Lord Lloyd-Webber (£750m)3. Sir Paul McCartney (£440m)4. Sir Cameron Mackintosh (£350m)5. Simon Fuller (£300m)6. Sir Mick Jagger (£190m)7. Sting (£180m)8= Sir Elton John (£175m)8= Keith Richards (£175m) 10= Olivia and Dhani Harrison (£140m)10= Sir Tim Rice (£140m) Source: The Sunday Times |
The plummeting value of property investments and share portfolios is the main reason for stars faring so poorly. | The plummeting value of property investments and share portfolios is the main reason for stars faring so poorly. |
Ian Coxon, who edited the list, said stars like former Take That member Robbie Williams, who relied on investments for their wealth, had been hardest hit. | Ian Coxon, who edited the list, said stars like former Take That member Robbie Williams, who relied on investments for their wealth, had been hardest hit. |
"Robbie Williams is run as a business, and there has been a profit fall in 2007, so that's had a knock-on effect," he said of the singer, who has lost £25m over the year according to the list. | "Robbie Williams is run as a business, and there has been a profit fall in 2007, so that's had a knock-on effect," he said of the singer, who has lost £25m over the year according to the list. |
"He's never quite fulfilled the promise that he had a few years ago," Mr Coxon added. | "He's never quite fulfilled the promise that he had a few years ago," Mr Coxon added. |
But it is not all bad news. Pop mogul turned TV talent show judge Simon Cowell continues to prosper, his estimated wealth of £120m representing a 7% increase on last year. | But it is not all bad news. Pop mogul turned TV talent show judge Simon Cowell continues to prosper, his estimated wealth of £120m representing a 7% increase on last year. |
Mamma Mia! producer Judy Craymer has also seen her stock rise, the huge success of her Abba film musical swelling her bank balance by 29%, to £79m. | Mamma Mia! producer Judy Craymer has also seen her stock rise, the huge success of her Abba film musical swelling her bank balance by 29%, to £79m. |
Previous version
1
Next version