Not Your Average Millionaires (1981)

The McCartney family in 1981 

 

Not Your Average Millionaires

By David Lewin

The Toronto Star

September 6, 1981

    Mr. and Mrs. Paul McCartney are a nice average couple with rather more than average achievements. They have four kids, three houses, and enough money in the bank to buy and sell your average millionaire 40 times over.

     At 39, McCartney is worth, to be precise, $40 million, and another couple of million rolls in like the sea every year.  Mr. McCartney writes songs. He is the most successful music maker in history. 100 million LPs sold. 100 million singles. Mrs. McCartney takes photographs, is a key member of her husband's group Wings, and makes cartoon films. She is also a mother, bringing up a family of young children who will inherit the vast family fortune.

     Paul and Linda McCartney are both aware of the problems that such an inheritance can bring. Their children are aged between 18 and three and a half. The youngest is a boy, James Louis. The other three are girls: Heather, 18, from Linda's first marriage; Mary, 11; and Stella, 9. The children have one bedroom, but not each, just between them in the four-room cottage on the farm in Sussex, which is their main home. 

    Paul McCartney said, "We may have to build a third bedroom now because our youngest is a boy, but we have deliberately kept them in one room because I want a close family, just as I had when I was growing up in Liverpool. I don't want a mansion where I have to telephone from the East Wing to make an appointment to see my kids in the West Wing. 

    "Of course, they are going to get a lot of money, but Linda and I are trying as much as possible to make their growing up an ordinary one. We don't have a chauffeur, and I drive my youngest kids to the local primary school. We don't send them to be privately educated, and they get 50 cents pocket money a week, just about enough to buy a packet of crisps.

     "When people come and visit us in the country, they tend to drive past our cottage the first time because they're looking for a bigger house. They think ours must belong to the gardener. The children go out visiting sometimes and come home and say,  'Daddy, our friend's parents must be rich. You should see how big a house they have got.'"

     The McCartney approach to money is typified by a recent trip they made to the south of France. They flew to Nice as tourists. Then they chartered a private jet to get back in time to have dinner with the family. "Money should make you free," said Linda McCartney. "So we don't waste it, but we use it when it is necessary."

     Linda McCartney was wearing a white jacket, a pair of faded blue jeans and yellow socks; her millions self-evidently don't go on clothes. "The jacket I got free from a film I appeared in," she said. "The socks are the most expensive item. They cost $2. The jeans cost less. They aren't designer-made."

     Paul McCartney wore a gray jacket, gray socks, and white trousers; he would be the despair of any boutique owner.

     I asked him whether having so much money blunted ambition. He thought for a moment and said, "Probably. Well, really, the answer has to be 'Yes, it does.' When we started, the Beatles used to say, 'Let's write a house,' then we'd say 'Let's write a car,' and finally it was 'Let's write a swimming pool.' But when you have got your houses and your cars and your swimming pool, there isn't much else to write. For me, music is a hobby, as the actress said to the bishop. 

    "I like it, so I'll go on doing it. If I stopped, I'd do woodwork. My goals now? Oh, happiness, the kids, stuff like that."

     Whatever happens, the royalties from his music will keep right on rolling in. "But we have no trust fund for the children," said Linda McCartney. "That would put too much pressure on them. Of course, they have expectations, but the important thing is for them to get their value structure right and not use the money as a crutch. It is difficult, but it can be done if we keep things as ordinary as possible."

     The McCartneys are different in temperament. Linda McCartney said, "We are opposites in fact. I am not intellectual. Paul is. I am the calming influence. In fact, I'm rather dull, falling asleep sometimes right after supper.  Paul stimulates me. I wait. He moves.

     "Of course, we have rows because at first, when we were married, I had an identity problem. Paul's life was the Beatles, and when they broke up, I had to make a new life for myself in England."

     Paul said, "There were moments when our marriage might not have worked. I'm not the charming Paul of my public image, and if someone knocks something I have written, which I think should be a masterpiece, I can be shattered."

     How do they resolve their fights? "In bed," said Paul. His wife hit him. Then she said, "My domain is the house. I don't mean doing the housework, but having it my way at home. Paul's domain is his work. Super stardom doesn't turn me on. Really, I'm very ordinary. I hope that doesn't hold Paul back. I want the marriage to last."

     It has for 12 years, the longest of any of the Beatles. Paul McCartney looked at his wife and said, "I can see us both growing old gracefully, but Linda won't be alone. I'll be around, and with her too."