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    Coldplay Take Second Place In Young Music Millionaires List

    coldplaywave1.jpgViolinist Vanessa-Mae retains her place at the top of the Young Music Millionaires List, although her wealth, at £32 million, would not be enough to get her into the actual Sunday Times Rich List.


    She is followed once again by Coldplay who take second place again. James Blunt has risen up the chart from 13th to sixth with £18 million compared to £5 million last year.


    Other risers include Joss Stone with £10 million from £6 million in 2006, and Katie Melua with £8 million from £5 million in 2006. Welsh singer Katherine Jenkins makes her debut on the Young Music Millionaires list with £6 million. Charlotte Church and her boyfriend Gavin Henson have been ranked together at £10 million, although it is the former child star who has the bulk of the wealth, with an estimated £9 million.

    Andrew Lloyd Webber has shot up The Sunday Times Rich List of Music Millionaires - thanks to his BBC show How Do You Solve a Problem Like Maria?


    The theatre owner, composer and producer, 59, has replaced Sir Paul McCartney by taking the second spot in this year's rankings, with a total wealth of £750 million. Highest earner, Clive Calder, the former record label boss behind pop acts including Britney Spears, is once again Britain's only music billionaire, with £1.3 billion. Sir Paul, 64, slips to third place with £725 million, thanks to the predicted £100 million divorce settlement experts believe he will pay estranged wife Heather Mills, 39. If Mills, who has just been booted out of US reality show Dancing with the Stars, gets the predicted £100 million it will earn her a place of her own on the List.


    But Lord Lloyd Webber would not have overtaken the ex-Beatle without the huge success of the BBC show How Do You Solve a Problem Like Maria? according to Philip Beresford, who compiled the Sunday Times Rich List. He said: "How Do You Solve a Problem Like Maria? has not harmed Andrew Lloyd Webber. The reality TV shows have clearly helped. The exposure means that the shows, when they open, get free PR, translating it, dare I say it, into bums on seats. The Sound of Music is on at Andrew Lloyd Webber's theatre and it is his production so it's a double hit."


    He added: "Without the shows, Andrew Lloyd Webber's wealth would have gone up a little but he would not have replaced Sir Paul McCartney in the list."


    Lord Lloyd Webber's climb up the Rich List follows news that some West End producers wrote to the BBC complaining that his programmes were "unfairly promoting" his productions, his theatre and his ticket agency. Last year's How Do You Solve a Problem Like Maria? found Connie Fisher to star in the impresario's revival of The Sound of Music.


    BBC1 is currently screening talent show Any Dream Will Do for a new staging of Joseph and the Amazing Technicolor Dreamcoat for the West End. Lord Lloyd Webber himself takes part in the BBC1 show. He composed Joseph and will put the production on in one of his own theatres.


    But his spokesman has rebuffed criticism from West End producers, saying that Joseph does not need a TV show to make it work in the West End and that he could have taken the TV show to ITV for more money and a share of the profit from telephone calls.


    According to the Rich List, Lord Lloyd Webber's West End theatres and his intellectual property rights to a raft of hit musicals are worth £550 million alone.


    His vast personal wealth, which also includes his art collection and homes in Britain and abroad, has gone from £700 million last year to £750 million in 2007.


    Britain and Ireland's top pop and rock bands account for almost £3 billion of wealth in The Sunday Times Rich List 2007, published this Sunday. Bolstered by the huge success of American Idol, Simon Fuller's wealth has risen by 50% in the past year from £300 million in 2006 to £450 million.


    At joint fourth place in the music millionaires list with Sir Cameron Mackintosh, his wealth is now more than four times that of David Beckham, who he manages and for whom he negotiated the huge transfer this summer from Real Madrid to LA Galaxy.


    David and Victoria Beckham are up from 25th place last year to 22nd place, with £112 million. Madonna and Guy Ritchie remain static in sixth place even though their wealth has increased from £248 million last year to £275 million this year.


    Sting, who is about to begin touring again as The Police, has remained static with £185 million. Ozzy and Sharon Osbourne slip two places to 24 although their wealth has stayed the same at £100 million.


    The Sunday Times Rich List 2007 Music Millionaires


    1. Clive Calder £1,300m

    2. Lord Lloyd-Webber £750m

    3. Sir Paul McCartney £725m

    4. Simon Fuller £450m

    4 Sir Cameron Mackintosh £450m

    6. Madonna and Guy Ritchie £275m

    7. Sir Elton John £225m

    8. Sir Mick Jagger £215m

    9. Robert Stigwood £212m

    10. Sir Tom Jones £190m

    10 Keith Richards £190m


    Source: http://www.dailymail.co.uk

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