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It was revealed earlier in the year that singer/songwriter Ed Sheeran has overtaken Adele as the highest-earning musician on the planet, becoming one of the top 10 celebrity earners in the world.
Yet it’s now been calculated that his daily earnings alone are a mammoth £75,000 a day – and that over the past year he has made a profit of £27 million.
At only 27-years-old, the New Man crooner has now overtaken Adele, who previously held the title of the world’s richest musician.
Big bucks: Ed Sheeran’s daily earnings alone are a mammoth £75,000 a day – and over the past year he has made a profit of £27 million
Over the weekend, Ed Sheeran Ltd released its financial records. The business boasted an annual turnover of £36,293,611 with a gross profit of £27,376,900. Cut down, this means the Shape Of You singer makes £75,005 per day and £3,125 per hour.
The accounts also revealed his UK tax bill to be £5,293,424. Comparatively, Facebook paid a UK corporation tax bill of £5.1 million. Once deductible expenses were applied, the social media powerhouse only actually paid £2.6 million.
Companies House states, however, that Ed himself took home just £8,164 and has left £16 million in the bank.
Ed – who also proposed to long-term partner Cherry Seaborn this year – is known for once sleeping rough outside Buckingham Palace and being homeless for two years.
Pipped to the post: At only 27-years-old, the New Man crooner has now overtaken Adele, who previously held the title of the world’s richest musician
Crooner: Over the weekend, Ed Sheeran Ltd released its financial records. The business boasted an annual turnover of £36,293,611 with a gross profit of £27,376,900. Cut down, this means the Shape Of You singer makes £75,005 per day and £3,125 per hour
The singer broke records in 2017 with his freshest bought of success being largely down to the his popular third studio album ÷ (Divide) in addition to his singles Perfect, Shape Of You and Galway Girl, to name a few.
His Divide tour also smashed records in Australasia for the largest number of stadium shows in one single tour with ticket sales exceeding 950,000. ÷ (Divide) was the global best-selling album in 2017 and has been certified as multi-Platinum in 36 markets with Shape Of You also receiving the best-selling single accolade and becoming multi-Platinum in 32 markets.
This is the first time that the IFPI, the organisation that represent the global recorded music industry, has had a Global Recording Artist of the Year Award winner that has had the best-selling album and single of the year. Ed Sheeran is also the fifth recipient of the award and he was given this award after his success across all music formats, from streams to vinyl.
Record smasher: The singer broke records in 2017 with his freshest bought of success being largely down to the his popular third studio album ÷ (Divide) in addition to his singles Perfect, Shape Of You and Galway Girl, to name a few
Max Lousada, CEO of Recorded Music for Warner Music Group & Chairman and CEO of Warner Music UK said earlier this year: ‘Being crowned the biggest star in the world, with the biggest song and biggest album, is the result of years of ambition, creativity, and hard work on a global scale.
‘Ed is truly an incredible songwriter, vocalist and performer, whose ability to tell stories and make people feel is what stands him out from the crowd. He’s always had a totally authentic connection with his fans, something he places over everything else’.
IFPI Chief Executive Frances Moore added: ‘It’s wonderful to be able to announce Ed Sheeran as the IFPI Global Recording Artist 2017. The success Ed has achieved is astonishing and testament to his ability to write and perform songs that connect with a truly global fan base’.
Self-made: His recording career started in 2004 when he released Spinning Man, his first independent album. The singer said he burned the CD himself and made the covers
Ed took part in a church choir in Framlingham as a child and taught himself how to play the guitar.
His recording career started in 2004 when he released Spinning Man, his first independent album. The singer said he burned the CD himself and made the covers.
In 2010, he first released his Loose Change EP, which featured future hit The A Team.
His consistent gigging during his early career attracted high profile fans such as Jamie Foxx. As a result, he went to LA to perform at Foxx’s club, The Foxxhole and actually ended up staying at the Oscar-winning actor’s home.
Top of his game: Ed was officially named the world’s best-selling recording artist of 2017 by the IFPI
In 2011, he appeared on Later… With Jools Holland, and released his debut single, The A Team, as a digital download.
The single was a hit, entering the top ten on the UK Singles Chart and selling 58,000 copies in its first week. It went on to sell 801,000 copies in 2011, becoming that year’s eighth biggest selling single.
To date, he has released three studio albums: +, x, and ÷. All have been hugely popular, with + (Plus) released in 2011, coming in at the top of the UK Albums Chart, selling 102,000 copies in its first week.
Success story: To date, he has released three studio albums: +, x, and ÷. All have been hugely popular, with + (Plus) released in 2011, coming in at the top of the UK Albums Chart, selling 102,000 copies in its first week
The second album, x (Multiply), released in 2014, reached number one in 15 countries including the UK and the US. In the former it was the fastest selling album of 2014.
The album also broke Adele’s record to become the longest-charting UK top 10 album by a British artist.
His 2017 album ÷ sold 672,000 copies in its first week (232,000 in its first day) and became the fastest-selling album by a male artist in the UK.
It also won Sheeran the Grammy for Best Pop Vocal Album at the Grammy Awards 2018 – which he slept through!
