Ed Sheeran’s eye-watering eight figure pay cheque revealed as star rakes in £170k-a-DAY
ED Sheeran has lodged an astronomical turnover of £145million in a single year thanks to his hugely successful Mathematics Tour.
The Shape Of You superstar made a profit of £170,000 per day in the last year – which is almost five times the average annual income of Brits.
Due to the massively popular tour, after costs and taxes were deducted from the £145m fee, he made an operating profit of £62.1m up to the end of March 2023.
From the total figure, Ed paid himself a huge £31.5million.
The figures have been filed at Companies House in the UK for his live music company Hayagotatourboi Touring LLP.
Ed set up the business in 2012 to deal with the profits from his concerts just as his career took off.
On Wednesday evening, Ed showed his support for his pal James Blunt by attending the UK premiere of his film James Blunt: One Brit Wonder in the capital.
Ed kicked off his Mathematics tour in 2022 and has performed in stadiums across the world.
His last series of global dates, the Divide Tour, overtook U2’s 360 Degrees Tour to become the highest-grossing tour of all time.
However, earlier this year he was overtaken by Sir Elton John’s Farewell Yellow Brick Road Tour, although he is set to be beaten by Taylor Swift’s Eras Tour in 2024.
During 2023, Ed has performed across the globe and released two hit albums – Subtract and Autumn Variations – which will earn him even more bumper profits.
Earlier this year, The Sunday Times revealed he had a fortune of £300million.
The dad-of-two has revealed he plans to release a pop album in 2024 following Autumn Variations, which received little promo and had no singles.
Despite his success, he told earlier this year how a desire to be taken seriously is what drives him to keep making music.
He told Rolling Stone magazine: “I spent so long with people laughing about me making music.
“Everyone saw me as a joke, and no one thought I could do it.
“And I think that’s still the drive. There’s still this need to prove myself. And I’m still kind of not taken seriously. If you were to speak to any sort of muso, ‘Oh, I love my left-of-centre music,’ I’m the punchline to what bad pop music is.”