Saturday, December 26, 2020

Ed Sheeran raking in millions despite 'retirement' from music

Ed Sheehan is believed to be richer than Beatles drummer Ringo Starr and The Rolling Stones legend Keith Richards after making over £70 million in the last year.

While fans of the 29-year-old were distraught last year to learn Ed was ‘going into early retirement’, it seems the singer was laughing all the way to the bank.

The star is said to have made £70 million thanks to his 2017-2019 Divide Tour as well as earnings from his music – including his collaborative album, No.6 Collaborations Project featuring fellow musicians including Eminem, 50 Cent and Justin Bieber.

Profits were so lucrative, it is reported that Ed made £200,000 per day thanks to fans stumping up cash to see him live and to buy his music.

The Sun claims to have seen documents filed at Companies House revealing Ed made his millions through his touring company and his recording company.

The paper states he banked £48.1 million through his recording company and over £37 million through his Nathan Cable Touring company.

They write: “The figures follow the record-breaking Divide tour, which finished in Ed’s hometown of Ipswich in August 2019.

“That became the highest-grossing music tour ever, grossing £607million over 255 shows.

“Europe generated £58.9million, with £11.4million from Asia and £125,624 from North America.

“His Ed Sheeran Ltd firm, which gets money from the writing, recording and production of his music, made a £29million profit on turnover of £48.1million.” 

It is believed his wealth will overtake the reported £260 million that Ringo Starr owns and the £270 million fortune of Keith Richards.


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