MY HEART went out to Elton John. We’ve all been hit by the recession but he lost £60 million last year.
Not that he will be busking outside an underground station in the near future as he still has a fortune of £175m to cushion him against poverty.
Sir Paul McCartney also lost £60 million and is now only worth £440m.
It is all relative, of course. Most of us would quite like to struggle along on a few million.
"Can we afford a holiday in Benidorm this year, dad?"
"I think so, son. Now which hotel do you fancy?"
"What, to stay in?"
"No, to buy."
The figures come from The Sunday Times music rich list and make interesting reading. Many of the stars put their money into investments which have suffered because of the world financial problems but there is still a lot of it about.
Top of the list is Clive Calder (no, I’ve never heard of him either) who is the former boss of a record label. He has £1.3 billion. Lord Lloyd Webber is next with £750m. Also in the top 10 are Mick Jagger (£190m), Sting (£180m) and Keith Richards (£175).
Simon Cowell does not make the top 10 but is still sitting pretty with £120m and rising.
And to think, I gave up a rock and roll career ( I was in a band in Manchester in 1961) to concentrate on journalism.
The rewards have still been great in my chosen profession. But not quite so great as being able to lose £60 million without feeling it.