It has been revealed that The Beatles managed to earn £43.5 million last year despite the fact that the band was formed over 50 years ago.

The annual turnover of the group increased by £2 million according to financial documents.

Sir Paul McCartney and Ringo Starr will each receive a cool £5.1 million from the earning while the shares that belong to late members George Harrison and John Lennon will each go to Olivia Harrison and Yoko Ono respectively.

Sir Paul McCartney is still going strong in the world of music despite being in the business for over 50 years.

The star has been performing with the remaining members of Nirvana for a number of their live shows and it has recently been confirmed that he will be playing at this year iHeart Radio Festival which will take place in Las Vegas next month.

As well as the Beatle, other stars that will be making the line up include Katy Perry, Justin Timberlake and Drake.