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Elton John World News: Elton drops £40M

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Elton John has slipped in wealth, according to the Sunday Express Rich List 2002

Sunday 6 January 2002 @ 14:24 - GMT

Elton John has slipped in wealth, according to the Sunday Express Rich List 2002, published on January 6, 2002.

Elton is worth £450 million, down from £490 million last year. He was the 47th richest Briton, according to the survey.

He's still a Rocket Man and on talking terms with his bank manager, having noticed up the accolade of consistently being one of the world's top-selling artists of the past 30 years.

Elton's back catalogue itself is worth £200 million. Had he spent less over the years, he would be as wealthy as David Bowie, the report said.

But there was also a slip for music-to-airline boss and alleged sparring partner Sir Richard Branson, who last year was a billionaire worth £1.3B,but this year is behind Elton, at 57! Branson is worth just £400M after the airline assets vanished in the wake of the September 11, 2001, attacks on U.S. cities.

In 1997, faxes leaked to the UK press showed that Elton's then manager John Reid had a little argument with Branson over the release of a tribute Diana, Princess of Wales, CD album.