Sir Paul McCartney has made £27.4 million this year.

The Beatles singer's company MPL Communications boasted a global turnover of £27.4 million, with the UK alone providing £5.4 million of the profits.

MPL is a holding company for Paul's interests, which handles the musician's solo music and owns the rights to a wide range of copyrighted material from composers as varied as Buddy Holly and Carl Perkins.

As well as releasing his critically-acclaimed comeback album, 'New', earlier this year, Paul has put his name to variety of endeavours to help bring in the cash.

The 'Hey Jude' hitmaker recently became the first rock star to sponsor a sumo wrestling tournament in Japan, paying to have his name and the cover of his latest album printed on the flags during the Kyushu Grand Sumo Tournament.

The 71-year-old star is constantly writing songs in his spare time, and has stopped penning new tracks because he has so many saved up which he wants to finish before he starts on another batch.

He recently said: ''I'm resisting writing any more songs as I've got so many. I got everything off my chest with 'New', and next I need to go through my pile of demo ideas.

''It'll be like cleaning out my attic - I know I should do it even though I don't really want to.''