Singer and musical icon Paul McCartney is still Britain's wealthiest musician, The Sunday Times Rich List reported.

The newspaper estimated Thursday that the former Beatle member shares a 680 million-pound, ($1.05 billion) fortune with his third wife, Nancy Shevell, whose family owns a U.S. trucking company. Shevell, who is the frontwoman to a US transport firm is said to be worth £150 million alone. 

Since 1989, McCartney has topped the list every year since it was started.

Composer Andrew Lloyd Webber is ranked second, with an estimated 620 million-pound fortune.

Singer Adele has landed at the top of the Young Music Rich List poll with a fortune estimated at £30 million. The Skyfall singer racked in £10 million in the last year, despite taking a break to recover from a throat operation and also giving birth to a baby boy. Former Girls Aloud singer and X Factor judge Cheryl Cole came in second place with an estimated worth of £14 million. 

The One Direction band - Harry Styles, Liam Payne, Zayn Malik, Niall Horan and Louis Tomlinson - landed on the the list for the first time this year, worth an estimated £5m each.

Adele is best known for her album 21, which was the best-selling album in the world for the second year in a row in 2012 with more than 8 million sales.

The list of the UK's richest young musicians is dominated by females consisiting of: Leona Lewis, Katie Melua, Jessie J, Lily Allen and Charlotte Church.

The top 10 richest musicians in Britain and Ireland:

1. Sir Paul McCartney and Nancy Shevell - £680 million

2. Andrew Lloyd Webber - £620 million

3. U2 -£520 million

4. Sir Elton John - £240 million

5. David and Victoria Beckham - £200 million

6. Mick Jagger - £200 million

7. Michael Flatley - £191 million

8. Keith Richards - £185 million

9. Olivia and Dhani Harrison - £180 million

10. Sting £180 million

The top 10 richest musicians aged 30 and under in Britain and Ireland:

1.   Adele - £30 million

2.   Cheryl Cole - £14 million

3.    Leona Lewis - £12 million

Katie Melua - £12 million

5.     Florence Welch - £9 million

6.     Charlotte Church - £8 millio

         Jessie J - £8 million

Lily Allen - £8 million

9. Nadine Coyle - £6 million

       Duffy - £6 million

       Jonathan 'JB' Gill - £6 million

Tags: Paul McCartney