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02 Oct 2019 3:30 PM
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There’s no denying that Ed Sheeran is making serious bank, but most couldn’t imagine the amounts he earns daily. The latest reports show that the singer paid himself £47,000 a day in 2018, bringing his total salary to £17.1 million in the last year alone.

The volume of sales of the company Ed Sheeran Limited counted £32,645,445 in 2018, with pre-tax profits of £23,770,262. This amount counts £4 million less compared to 2017 but it’s still a massive leap from what the singer earned in 2016. Their investment value was at £9,713,389 according to the published annual report on 31st December 2018. This constitutes an increase of more than £2 million compared to 2017. But the taxes are counted as well and the accounts revealed that Ed Sheeran paid an amount of £4,506,139 in tax.

“The performance of the company is measured by reference to turnover and the level of artist activity. Revenue during the year remained stable on the prior year due to the continued exploitation of music recording and songwriting. Going forward the company’s turnover is expected to remain strong, but it will be dependent on the artist’s continued success”

Despite this, Sheeran announced he is to take an 18-month long break from music after embarking on his successful world tour, which grossed over £600 million and sold over 8.9 million tickets (Billboard). During this break he plans to spend more time with his wife Cherry Seaborn, who he married last December, as he explained on his last tour show in Ipswich at the end of August:

“As you may or may not know, I’ve been on the ‘Divide’ tour for over two years now and this is the last day of the whole thing. There is something very bittersweet about it. I love that you guys are here, and we are ending it in Ipswich. This is my last gig for probably 18 months.”

Seems like stellar album sales, worldwide tours and sound investments have amassed Ed Sheeran a hefty fortune.

PHOTO CREDIT: Ricardo Rubio/Europa Press via Getty Images

Author: Mira Ketterl

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