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Home / Entertainment

Staggering amount that Ed Sheeran earns in a day

By Andrew Bullock
Daily Mail·
8 Oct, 2018 09:13 PM2 mins to read

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Ed Sheeran headlines on the Pyramid Stage during day 4 of the Glastonbury Festival 2017. Photo / Getty

Ed Sheeran headlines on the Pyramid Stage during day 4 of the Glastonbury Festival 2017. Photo / Getty

It was revealed earlier in the year that singer/songwriter Ed Sheeran has overtaken Adele as the highest-earning musician on the planet, becoming one of the top 10 celebrity earners in the world.

Yet it's now been calculated that his daily earnings alone are a mammoth £75,000 ($152,079 NZ) a day - and that over the past year he has made a profit of £27 million ($54,750,735 NZ) according to DailyMail.

Ed Sheeran leaves the 'Songwriter' premiere during the 68th Berlinale International Film Festival Berlin at Friedrichstadtpalast on February 23, 2018. Photo / Getty
Ed Sheeran leaves the 'Songwriter' premiere during the 68th Berlinale International Film Festival Berlin at Friedrichstadtpalast on February 23, 2018. Photo / Getty

At only 27-years-old, the New Man crooner has now overtaken Adele, who previously held the title of the world's richest musician.

Over the weekend, Ed Sheeran Ltd released its financial records. The business boasted an annual turnover of £36,293,611 with a gross profit of £27,376,900. Cut down, this means the Shape Of You singer makes £75,005 per day and £3,125 per hour.

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The accounts also revealed his UK tax bill to be £5,293,424. Comparatively, Facebook paid a UK corporation tax bill of £5.1 million. Once deductible expenses were applied, the social media powerhouse only actually paid £2.6 million.

Companies House states, however, that Ed himself took home just £8,164 and has left £16 million in the bank.

Ed - who also proposed to long-term partner Cherry Seaborn this year - is known for once sleeping rough outside Buckingham Palace and being homeless for two years.

The singer broke records in 2017 with his freshest bought of success being largely down to the his popular third studio album ÷ (Divide) in addition to his singles Perfect, Shape Of You and Galway Girl, to name a few.

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His Divide tour also smashed records in Australasia for the largest number of stadium shows in one single tour with ticket sales exceeding 950,000. ÷ (Divide) was the global best-selling album in 2017 and has been certified as multi-Platinum in 36 markets with Shape Of You also receiving the best-selling single accolade and becoming multi-Platinum in 32 markets.

This is the first time that the IFPI, the organisation that represent the global recorded music industry, has had a Global Recording Artist of the Year Award winner that has had the best-selling album and single of the year.

Ed Sheeran is also the fifth recipient of the award and he was given this award after his success across all music formats, from streams to vinyl.

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