30 September 2023 , 17:49
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Ed Sheeran’s fortune continues to Multiply after the star banked a £10million pay rise.
The singer paid himself £18.3million last year, up from £8.4million in 2021. Latest figures for the 32-year-old’s music empire reveal a turnover of £89million since 2019.
That does not include nearly half of the 90 dates on his sell-out 2022/23 global tour. The figures also don’t count sales of his sixth album – (Subtract) or new release Autumn Variations. A source said: “Ed is going from strength to strength. He’s one of the biggest stars on the planet and these numbers back that up.”
Annual accounts sent to Companies House reveal Ed Sheeran Ltd has £52million in its coffers. It turned over £23.6million in 2022, £34.1million in 2021 and £31.6million in 2019. Ed’s profit for those years totalled £65million, with a big chunk coming from sales of his 2021 album = (Equals).
The papers also show he will pay £3.1million in corporation tax. And the ex-busker has handed huge sums to good causes, including £1million to help kids learn music. He has said: “It’s like, earn a penny, spend a penny with me. I don’t have that much value on it. I have more value on my friends and family being OK.”
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Ed, whose previous albums were named using mathematical symbols, released Autumn Variations on Friday. The dad of two said it was partly inspired by cooking at home with wife Cherry Seaborn, 31.