Belfast Telegraph

Tuesday 16 September 2014

Belfast singer Van Morrison worth £50m according to Sunday Times Rich List

Van 'The Man' Morrison
Van 'The Man' Morrison

Belfast singer Van Morrison remains one of the UK and Ireland's 50th wealthiest music millionaires, with a fortune of £50m, according to this year's Sunday Times Rich List.

The star songwriter, whose career spans six decades, is ranked in 39th place in the 25th anniversary list, due to be published later this month.

And Londonderry pop star Nadine Coyle features in the 2013 Young Music Rich List of entertainers aged 30 and under. The LA-based singer, who recently took part in Girls Aloud's final tour, is worth £6m.

Morrison's £50m fortune has not changed from the last few years, although his position in the table has improved slightly. In 2012, he released his 34th studio album, Born To Sing: No Plan B. He has also undertaken a series of intimate gigs at venues across Northern Ireland, including the Culloden and Europa hotels and the Strand Cinema in east Belfast, close to where he grew up. And he is due to headline a two-day event at Dunluce Castle on June 7 and 8.

Coyle, meanwhile, who is back in the studio working on solo material following the Girls Aloud split, has seen her fortune improve by £1m over the last 12 months. But she is still £8m short of Cheryl Cole's £14m wealth.

Just one place below Cole in the Young Rich List on £12m is Katie Melua. The Georgia-born singer spent much of her childhood in Belfast where she attended St Catherine's Primary School and Dominican College.

The Music Millionaires List also features Irish rock band U2 in third place, worth a collective, cool £520m, Irish/American dancer Michael Flatley in seventh position with £191m and singer Enya in 26th place with £87m.

In the Young Music Rich List, new entries include all five members of One Direction – Niall Horan, Zayn Malik, Liam Payne, Harry Styles and Louis Tomlinson.

The list is topped by Adele, with a £30m fortune. With the continued worldwide success of her album 21, this is a 50% increase on the £20m fortune the Oscar-winning singer-songwriter topped the Young Music Rich List with in 2012.

Overall, the wealthiest performer in the UK and Ireland is Sir Paul McCartney, who shares a £680m fortune with his wife Nancy Shevell.

McCartney (70) has topped all the wealthiest musician charts since The Sunday Times Rich List began in 1989, when the former Beatle was worth £80m.

Aside from starring roles at the Queen's Diamond Jubilee and the opening ceremony for the London Olympics, McCartney's On the Run tour grossed $57m from 18 dates in 2012. The tour has helped add £15m to his fortune, which, at £680m, includes £150m from wife Nancy Shevell.

Profits from his hugely successful stage shows, such as Phantom of the Opera, Evita and Cats, have helped to boost composer and theatre owner Lord Lloyd-Webber's fortune by £30m to keep him in second place in the Music Rich List, at a worth of some £620m.

Sir Elton John is in fourth place with an estimated value of £240m.

TOP TEN MUSIC MILLIONAIRES

1. Sir Paul McCartney and Nancy Shevell – £680m

2. Lord Lloyd-Webber – £620m

3. U2 – £520m

4. Sir Elton John – £240m

5= David and Victoria Beckham – £200m

5= Sir Mick Jagger – £200m

7. Michael Flatley – £191m

8. Keith Richards – £185m

9= Olivia and Dhani Harrison – £180m

9= Sting – £180m

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