Who’s really suffering in the recession? Aging boomer rock stars.

Elton John's personal wealth fell by more than a quarter

It appears even the endless boomer appetite for the hits of the seventies isn’t sufficient to cushion the erstwhile hit-makers from the effects of the recession. An annual list of the richest Brits estimates Elton John’s personal wealth fell by more than a quarter to 175 million pounds from 235 million pounds last year, Paul McCartney lost 12 per cent, and Mick Jagger’s fortune deflated 16 per cent  decline on last year. On the hopeful side, unless you have a shred self-respect concerning your listening habits, Clive Calder, who founded the record label that’s home to Britney Spears, and Judy Craymer, producer of the Abba musical “Mamma Mia!”, are both richer than ever.


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