Sir Paul McCartney has been named the UK and Ireland's richest musician with a total fortune of £730 million. The former Beatles' fortune has increased by £20 million in the past year alone.

Sir Paul McCartneySir Paul McCartney has topped the Sunday Times Rich List

McCartney is closely followed by Sir Andrew Lloyd Webber, whose exploits in composing and producing have seen him amass a fortune of £650 million. The Irish rock band U2 came in third place with a combined wealth of £431 million, followed by Sir Elton John, Sir Mick Jagger and Keith Richards. 

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Adele, 26, was named the wealthiest star on the Richest Musicians Under 30 list, with a cool £30 million to her name. One Direction came in second place having made £20 million each since appearing on The X-Factor in 2010.

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The full Sunday Times Rich List is as followed:

1. Sir Paul McCartney & Nancy Shevell (£730m)

2. Lord Lloyd-Webber (£650m)

3. U2 (£431m)

4. Sir Elton John (£270m)

5. Sir Mick Jagger (£225m)

6. Keith Richards (£210m)

7. Michael Flatley (£195m)

8=. Ringo Starr (£180m)

8=. Sting (£180m)

10. Roger Waters (£160m)

11. Eric Clapton (£155m)

12=. Sir Tom Jones (£150m)

12=. Sir Tim Rice (£150m)

12=. Rod Stewart (£150m)

15=. David Bowie and Iman Abdulmajid (£135m)

15=. Robbie Williams (£135m)

17. Ozzy and Sharon Osbourne (£130m)

18=. Phil Collins (£110m)

18=. Brian May (£110m)

18=. Charlie Watts (£110m)

21=. George Michael (£105m)

21=. Roger Taylor (£105m)

23=. Jimmy Page (£100m)

23=. Robert Plant (£100m)

25=. Enya (£90m)

25=. David Gilmour (£90m)

27. John Deacon (£85m)

28. Noel and Liam Gallagher (£77m)

29. Nick Mason (£75m)

30=. Calvin Harris (£70m)

30=. Mark Knopfler (£70m)

30=. Pete Townshend (£70m)

33=. Gary Barlow (£65m)

33=. Engelbert Humperdinck (£65m)

35=. Barry Gibb (£60m)

35=. John Paul Jones (£60m)

37=. Kylie Minogue (£55m)

37=. Sir Cliff Richard (£55m)

39=. Guy Berryman (£52m)

39=. Jonny Buckland (£52m)

39=. Will Champion (£52m)

39=. Chris Martin (£52m)