has overtaken Paul McCartney
in the wealth stakes, after he was named the second richest music man in Britain, worth an estimated $1.5 billion.
The music impresario is worth 50 million more than the former Beatle
after gaining major profits in his hit British TV talent search How Do You Solve A Problem Like Maria?
, which asked the public to vote for who they wanted as the leading lady in London musical The Sound Of Music
As a result of the show and the subsequent musical's popularity, Lloyd-Webber's earnings rose by $100 million - up from $1.4 billion in 2006 in The Sunday Times Rich List of Music Millionaires in Britain in 2007.
The Hey Jude
star slipped to third position with $1.45 billion, partly due to a predicted $200 million divorce settlement experts believe he will pay to estranged wife, Heather Mills
Simon Fuller, the brains behind TV program American Idol
, is in joint fourth place with $900 million, while Madonna
and director husband Guy Ritchie
remain in sixth place for the second year running with a combined fortune $550 million.
came seventh with $450 million, while Rolling Stones
rockers Mick Jagger
and Keith Richards
are in eighth and 10th place respectively, with fortunes of $430 million and $380 million each.
But no one could beat former record label head Clive Calder - the man behind the careers of Britney Spears
and 'N Sync
- whose personal fortune is estimated $2.6 billion.
- Paul McCartney
- Heather Mills
- American Idol
- Elton John
- Rolling Stones
- Mick Jagger
- Keith Richards
- Britney Spears
- 'N Sync
(This news article provided by World Entertainment News Network)