Thursday, August 5, 2021

ED Sheeran Surpasses Other Musicians To Become The Richest Solo Artist

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Talented English Singer and songwriter Ed Sheeran earned £75,000 a day last year and over £27 million in profit.

In a list compiled and revealed by The Sun Ed Sheeran has now been considered as the richest solo artist to surpass Adele as the highest-earning musician planet who made about £8.6 million in the last year< and also have 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 Swift and 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.

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According to Ed Sheeran In an interview, he said:

 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 were 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.

Photo Credit: Getty

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