Ed Sheeran is now Britains's richest young musician but Andrew Lloyd Webber is the richest of them all

Broadway giant Andrew Lloyd Webber has leapfrogged Beatles legend Paul McCartney to become Britain’s wealthiest musician with an estimated fortune of £820 million ($1 billion, 953 million euros).

The reveal was made in the Sunday Times Rich List, published Thursday.

Lloyd Webber, 71, wrote the scores for musicals Cats, The Phantom of the Opera and Evita. Webber has been described a “the most commercially successful composer in history” by the New York Times

McCartney and his US wife Nancy Shevell’s fortune has dropped by an estimated £70 million to £750 million, with Irish band U2 in third place with a joint worth of £583 million.

Singer/songwriter Elton John, subject of new Hollywood biopic Rocketman, was in fourth place, with £320 million, while Rolling Stones icons Mick Jagger and Keith Richards occupied the fourth and fifth spots.

The figures reveal that Ed Sheeran managed to double his fortune to £160m, placing 17th in the overall rankings. The contemporary singer, however, is the richest young musician, that is, those age 30 and under.

A. The richest British musicians:

1. Lord Lloyd-Webber – £820m. Up £80m
2. Sir Paul McCartney and Nancy Shevell- £750m. Down £70m
3. U2 – £583m. Up £14m
4. Sir Elton John – £320m. Up £20m
5. Sir Mick Jagger – £275m. Up £15m
6. Keith Richards – £260. Up £15m
7. Olivia and Dhani Harrison – £250m. Up £20m
8. Sir Ringo Starr – £240m. Up £20m
9. Michael Flatley – £204m. Up £2m
10. Sting – £200m. Up £10m

B. Wealthiest young musicians (those aged 30 or under):

1. Ed Sheeran – £160m. Up £80m
2. Harry Styles – £58m. Up £8m
3. Niall Horan – £49m. Up £3m
4. Little Mix – £45m. Up £5m.
5. Louis Tomlinson – £44m. Up £2m
6. Liam Payne – £42m. No change
7. Zayn Malik – £36m. Up £1m
8. Sam Smith – £32m. Up £8m
9. ita Ora – £18m. Up £2m
10. Stormzy – £16m. New