Sheffield’s Arctic Monkeys join the rich list

Arctic Monkeys have an estimated fortune of �30 million
Arctic Monkeys have an estimated fortune of �30 million
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From High Green to the high life – Sheffield’s Arctic Monkeys are now a band with some serious spending power.

A year which saw the lads headlining Glastonbury and packing arenas around the world has seen them break into the financial big time.

The latest Sunday Times Rich List for the music industry estimates the band’s collective fortune to be £30 million – making them the third richest group in the country aged under 30.

As lead songwriter, Alex Turner has a few more bob than the others – it’s believed he has around £9 million in his bank account.

But Jamie Cook, Matt Helders and Nick O’Malley aren’t far behind with £7 million each to their names.

It’s all a long way from the days when the band were packing out The Grapes, the Boardwalk and the Leadmill.

One Direction – including Doncaster’s Louis Tomlinson – are far and away the richest young band around.

With a combined fortune of £70 million they are the best-off boyband ever to emerge from the British Isles.

Each member is assessed to be worth £14 million – a huge increase on just 12 months ago when their combined wealth was just £25 million.

Mumford and Sons are now Britain’s second wealthiest young group, together sharing a £37 million fortune. Adele remains the wealthiest in the under 30s list for the second year running with £45 million, ahead of Calvin Harris and Cheryl Cole.

Among the golden oldies it’s Sir Paul McCartney, still touring at 71, who is the richest rocker of them all on £560 million.

Simon Cowell is climbing quickly on £300 million.