Suffolk's Ed Sheeran rockets up rich list with wealth growth of £28 million
PUBLISHED: 07:02 10 May 2018 | UPDATED: 07:02 10 May 2018
Suffolk superstar Ed Sheeran’s wealth grew by incredible £28 million last year – more than any other British musician.
The 27-year-old singer-songwriter, from Framlingham, has an overall net wealth of £80 million, according to The Sunday Times Rich List.
Former Thomas Mills High School pupil Ed is ranked 35th in the overall list of richest UK musicians.
But he is also the second wealthiest young musician – beaten only by Adele with £140 million.
Some of the increase in the Shape of You singer’s wealth can be attributed to the global success of his latest album Divide, released in March last year.
All sixteen of the tracks were in the top 20 in a record-breaking week for the star that month – in one week, he held nine of the top ten. Since its release, Ed – who described his chart-topping hit Castle on the Hill as a “love song for Suffolk”– has been on a mammoth 10-leg tour of the world.
Millions of pounds in revenue is thought to have been raised by the tour.
Elsewhere in the rich list, Sir Paul McCartney has taken the top spot. The former Beatle and his wife heiress Nancy Shevell enjoy a combined wealth of £820 million.
Sir Paul’s £40 million rise in net wealth is split equally between revenue from the Beatles’ songs, and income from a 37-date tour.
Composer Lord Lloyd-Webber is the second richest musician in the UK with £740 million – followed by U2, who are up £21 million to £569 million.
Sir Elton John, who recently announced a three-year tour, is in fourth place with £300 million.
No female singers appeared in the overall top ten, but female acts like Little Mix saw greater gains in the youth list.
Robert Watts, compiler of The Sunday Times Rich List, said:“For years our music millionaires list has been dominated by older acts, such as the Rolling Stones and Sir Elton John, who have older audiences able to pay a premium to see their favourite acts,” he said.
“But some of the biggest risers over the past year have been amongst younger acts such as Ed Sheeran, Adele and Calvin Harris.
“Streaming services, the internet and income from endorsements are helping today’s young musicians build an international following – and with it their fortunes – far quicker than the older rockers.”