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Adele has conquered the charts again by coming top of the Rich List of young musicians, while the five members of boy band One Direction are each worth £5 million.
Sir Paul McCartney was named the richest musician overall for the 24th year running, with the former Beatle's fortune rated at £680 million.
The five members of One Direction have racked up a £5 million fortune each in the last year, according to the Sunday Times Young Music Rich List.
The boy band, who were put together on the X Factor, have achieved international success and stormed the United States in 2012 with their debut album Up All Night.
Adele tops the Sunday Times Young Music Rich List with a fortune of £30 million.
According to researchers, the singer made £10 million in the last year despite taking much of it off to recover from a throat operation and have a baby.
Cheryl Cole is second in the list of music millionaires aged 30 and under with a fortune estimated at £14 million, while Leona Lewis and Katie Melua are just behind with £12 million.
New entries to the list include Emeli Sande and Ed Sheeran who are each worth £5 million.
The top 10 richest music millionaires in Britain and Ireland, according to the Sunday Times Rich List are:
- 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 full list will be published on Sunday April 21.
Latest ITV News reports
Sir Paul McCartney has conquered the charts again - coming top of the Sunday Times Rich List of music millionaires with an £680m fortune.