Ed Sheeran has doubled his wealth in the last year to rise above Adele with a total worth of £160m, according to the Sunday Times Rich List.

He is now the 17th richest musician in the UK, while Adele lies 22nd with £150m, having not toured since 2017.

The singers, aged 28 and 31 respectively, are youthful exceptions in a veteran-heavy list, topped by Andrew Lloyd-Webber's £820m fortune.

Chart-topping grime artist Stormzy debuts on the list with £16m.

Lloyd Webber's dominance aged 71 sees him overtake Sir Paul McCartney in second, with £750m.

The former Beatle, 76, is the only star to see his wealth reduce, down £70m on last year's total.

Irish rock group U2 are third, with the Bono-fronted four-piece valued together at £583m.

Sir Elton John - the subject of upcoming biopic Rocketman, starring Taron Egerton - reached fourth, with a gain of £20m, despite sizeable charitable donations to his Aids foundations in the UK and the US.

Former Riverdance star Michael Flatley also features, coming ninth with £204m.

In 2018, Sheeran is thought to have earned more than any other musician in a single year in history, from a world tour which brought in box office takings of more than £340m across 94 gigs.

Queen have enjoyed a successful year thanks to the huge success of the Oscar-winning biopic Bohemian Rhapsody, which has taken more than $900m (£686m) at the box office worldwide.

Brian May (£160m), Roger Taylor (£155m) and John Deacon (£130m) have each seen a £25m rise in their net worth in the past year.

Suffolk-born Sheeran also tops the list of wealthiest young musicians, with One Direction stars Harry Styles and Niall Horan at two and three respectively, followed by Little Mix in fourth place.

All five former members of the X Factor boyband feature on the run-down, with Louis Tomlinson, Liam Payne and Zayn Malik occupying fifth, sixth and seventh positions.

The 10 richest musicians in the UK and Ireland (2019):
1. Andrew Lloyd-Webber - £820 million

2. Sir Paul McCartney and Nancy Shevell - £750 million

3. U2 - £583 million

4. Sir Elton John - £320 million

5. Sir Mick Jagger - £275 million

6. Keith Richards - £260 million

7. Olivia and Dhani Harrison - £250 million

8. Sir Ringo Starr - £240 million

9. Michael Flatley - £204 million

10. Sting - £200 million

Source: BBC