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Paul Simon, 76, is one of the most respected musicians in the world today, and is famous for his solo career and being one half of Simon and Garfunkel. Born in 1941 in New Jersey, he struck

out on his own with a successful solo career after his time with Art Garfunkel. Considered one of the most prolific song writers of all time, he has won 12 Grammys during the course of his

career. He is also a member of the Rock and Roll Hall of Fame as well being named one of the “100 People Who Shaped the World” by Time Magazine. Along with his bother, he established The

Guitar Study Centre in New York City, which later became a part of The New School in New York City. So what is his net worth? Paul Simon is worth an estimates $45million (£32million),

according to TheRichest. Announcing his retirement today, he said in a statement: “I’ve often wondering what it would feel like to reach the point where I’d consider bringing my performing

career to a natural end. “Now I know: it feels a little unsetting, a touch exhilarating, and something of a relief.” He continued: “I love making music, my voice is still strong, and my band

is a tight, extraordinary group of gifted musicians. I think about music constantly. “Sadly, we lost our lead guitarist and my friend of 20 years, Vincent N’guini, who died last December.

“His loss is not the only reason I’ve decided to stop touring, but it is a contributing factor. “Mostly, though, I feel the travel and time away from my wife and family take a toll that

detract from the joy of playing. “I’d like to leave with a big Thank You to the many folks around the world who’ve come out to watch me play over the last 50 years. He added: “After this

coming tour, I anticipate doing the occasional performance in a (hopefully) acoustically pristine hall, and to donate those earnings to various philanthropic organisations, particularly

those whose objective is to save the planet, ecologically. “Once again, I am very grateful for a fulfilling career and, of course, most of all to the audiences who heard something in my

music that touched their hearts.”