Ed Sheeran is now the richest solo artist in the world after he made £75k a day last year and over £27 million in profit

0
64
Ed Sheeran

English singer-songwriter, Ed Sheeran, made £75,000 a day last year and over £27 million in profit.

In the list revealed by The Sun, the 27-year-old is now considered the richest solo artist in the world, surpassing Adele as the highest-earning musician on the planet who made £8.6 million profit in the last year and had over £41 million cash in the bank.

His company Ed Sheeran Ltd released its accounts over the weekend, revealing that his main business had a turnover of £36,293,611 with a gross profit of £27,376,900, which is £75,005 a day and £3,125 an hour.

The Perfect singer and songwriter also paid £5,293,424 in UK tax, which is more than Facebook paid in 2015 and 2016.

Despite the huge earnings, Ed only paid himself £8,164 and has over £16 million sitting in the bank, according to accounts posted at Companies House.

In July, Forbes named him as the highest-earning solo star, ahead of the likes of Taylor Swiftand Katy Perry, with earnings of £83 million.

Ed has jumped 62 places from last year, placing ninth on the full list of top-earning celebrities, becoming one of the top 10 celebrity earners in the world.

In an interview with OK! Magazine last year, Ed admitted money wasn’t his motivation, as long as he was “comfortable” and gave most of it away.

“It’s like, earn a penny, spend a penny with me. As soon as it comes in, it goes out. I don’t have that much value on it. I have more value on my friends and family being OK. A lot of my money goes to charity or to children’s hospitals near where I live. I have enough to be comfortable and the rest goes to help people,’ he said.

“I do think money is the root of all evil. I’ve never lost more friends in my life than I have done after finding money coming to my life.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.