UK's Music Millionaires 2012 - Sunday Times Rich List

The 2012 UK’s 50 richest music millionaires have been released by the Sunday Times Rich List. Top of the list, according to the Sunday Times Rich List, is Clive Calder, a record executive with an astonishing £1.35 billion. The Sunday Times Rich List 2012 is compiled by Philip Beresford, the leading authority on British wealth. The list is based on identifiable wealth, land, property, other assets such as art and racehorses, or significant shares in publicly quoted companies, and does not include the cash in their bank accounts, meaning the true level of their wealth could be even higher.

Top 10 music millionaires of 2012

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12 #1. Clive Calder

Net Worth: £1.35 Billion

Clive Calder is a record executive , he made his fortune by founding Zomba Records - with its subsidiary Jive Records. He signed a huge range of acts, including the Backstreet Boys and Britney Spears, and cashed in when he sold his label to BMG.

11 #2. Sir Cameron Mackintosh

Net Worth: £725 Million

The theatrical producer, made his breakthrough was in 1981 when he teamed up with Andrew Lloyd Webber to produce Cats, which went on to become the longest running musical in the West End. He has now had four musicals run for more than ten years and owns seven theatres in London's West End.

10 #3. Sir Paul McCartney

Net Worth: £665 Million

Even after his high profile divorce, the former Beatle is still one of the richest musician on the list.

9 #4. Lord Lloyd-Webber

Net Worth: £590 Million

The composer of 13 musicals and peer of the realm works ranges from Cats to The Wizard of Oz, and a number of talent shows to find leading West End stars including 'I'd Do Anything'.

8 #5. U2

Net Worth: £519 Million

With combined wealth, Dublin foursome amde the list with a fortune of £519 million, earned over 36 years as a band, they're not doing too badly.

7 #6. Simon Fuller

Net Worth: £375 Million

The producer best known for being the man behind the Spice Girls is also a TV executive producer, and the man behind the Idol franchise which started life in the UK as Pop Idol.

6 #7. Simon Cowell

Net Worth: £225 Million

TV executive, Cowell is behind the 'Got Talent' franchise and a talent show judge. He is also the owner of the television production and music publishing house Syco.

5 #8. Sir Elton John

Net Worth: £220 Million

After four decades in the music business, and selling more than 250 million records Sir Elton John is the second richest singer in UK.

4 #9. Michael Flatley

Net Worth: £192 Million

Once famous for providing the half-time entertainment during Eurovision and the Riverdance star is now a producer of shows as well as a record-breaking speed-tapper.

3 #10.= Victoria and David Beckham

Net Worth: £190 Million

Given the money they make from sport to modelling and fashion it's difficult to argue for their inclusion on the Sunday Times Rich List.

2 #10.= Sir Mick Jagger

Net Worth: £190 Million

The former Rolling Stones singer is also worth £190 million and he continues to perform.

1 #10.=Daniel Ek

Net Worth: £190 Million

The founder of Spotify was a millionaire by 23, and is now sitting on £190 million. He inspires a mixed reaction from music-lovers, but has stated his ambition to run the biggest music site on the internet.

[Source: The Sunday Times Rich List 2012]

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