Paul has a personal fortune worth £865 million, which is up £45 million from last year thanks to his COVID-delayed Got Back tour and 'The Beatles: Get Back' documentary.
Irish rockers U2 are in second place on The Sunday Times Music Rich List, with an overall worth of £625 million, while composer Andrew Lloyd Webber sits in third position with £495 million.
The 'Cats' composer is followed on the list by Sir Elton John, who has seen his fortune increase by £20 million over the last 12 months, meaning he's now worth £395 million.
The top four places are actually unchanged from 2021. However, Sting has climbed from ninth to fifth, having earned as much as £100 million over the last year.
The 70-year-old musician - who had a residency at Caesars Palace in Las Vegas in 2021 - is now worth £320 million.
Elsewhere, Rolling Stones stars Sir Mick Jagger (£318 million) and Keith Richards (£303 million) are listed in sixth and seventh places, respectively.
Olivia Harrison, the widow of Beatles icon George Harrison, and their 43-year-old son Dhani Harrison are now worth £295 million, while Sir Ringo Starr's fortune has been listed at £285 million.
The top ten is rounded out by Ed Sheeran, who is notably younger than the people above him.The 31-year-old pop star - who is reported to be worth £260 million - has seen his fortune increase by £40 million over the last year, following the release of his fifth studio album, '='.
Calvin Harris sits one place outside the top ten, with £220 million, while Adele is in 23rd place, with £150 million, and Harry Styles is listed in 37th place, with £100 million.
The Times Music Rich List:
1. Sir Paul McCartney and Nancy Shevell
£865 million
2. U2 £625 million
3. Lord Lloyd-Webber £495 million
4. Sir Elton John £395 million
5. Sting £320 million
6. Sir Mick Jagger £318 million
7. Keith Richards £303 million
8. Olivia and Dhani Harrison £295 million
9. Sir Ringo Starr £285 million
10. Ed Sheeran £260 million
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