The Beatles are still raking in mega cash after raking in over £50m last year
EXCLUSIVE: It appears The Beatles are still raking in the cash as they managed to bank over £50 million last year, according to official company documents
The Beatles are still making plenty of notes after the band’s company banked £50,244,899 last year.
Turnover for Apple Corps Limited was revealed in yearly account details – and equates to £137,657 a day.
Of this income, pay to Sir Paul McCartney, Ringo Starr, John Lennon’s widow Yoko Ono and George Harrison’s Widow Olivia was £6.1million each.
This was made up of £1,417,000 in dividends and £4,719,500 in “connection with the provision of promotional services and name and likeness rights”.
Apple Corps also made a pre-tax profit of £8,606,191 for the year ending January.
A joint venture with Cirque du Soleil is responsible for a large chunk of the money, as the theatrical production Love was doing well in Las Vegas before the Covid-19 lockdown.
It tops the previous year, when turnover was £36.5m with a pre-tax profit £5.5m – and their shares were £3,685,000.
Bassist Paul, 78, and Ringo continue to work and teamed up virtually earlier this year for a concert to mark the drummer’s 80th birthday.
According to the Sunday Times Rich List, Paul is worth around £800m.
But he has a reputation for being sensible with his cash and earlier this year we told how he still uses a guitar amp he bought aged 14.
A documentary on The Beatles by Lord of the Rings director Peter Jackson called Get Back is due out next year.
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