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U2 fall out of rich list

Posted on Saturday, March 15 @ 01:33:46 UTC by Macphisto

(BBC News) -- Rock band U2 have disappeared from a list of the music industry's biggest earners, after coming top of the pile last year.

In 2002, U2 led Rolling Stone magazine's top 50 rich list with earnings of $62m (£42m), due largely to the band's success from their Elevation tour, and album sales.

But, over the last 12 months, the Irish group have scaled down their activities, releasing only a best-of collection in the wake of the hit All That You Can't Leave Behind album.

Top of the heap was Sir Paul McCartney with earnings of $72m (£45m), thanks mainly to his hit US tour, and strong album sales.

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