Ed Sheeran’s wealth has risen by more than any other British musician this year after enjoying record-breaking chart success, the Sunday Times Rich List 2018 has revealed.
The Shape of You singer is now the UK’s second wealthiest musician under the age of 30, with his estimated wealth rising by £28m to £80m.
His ÷ (Divide) album was the UK’s biggest selling record of 2017 and featured more top 10 singles than any other album in UK chart history.
He came in 35th in the overall list, which is topped by Sir Paul McCartney. The former Beatle’s £820m worth, shared with trucking heiress wife Nancy Shevell, makes him the richest musician in the history of the Sunday Times Rich List.
Robert Watts, compiler of The Sunday Times Rich List, said younger musicians would soon eclipse the veterans, despite not having been on the music scene for long.
“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.
“We think it won’t be long before some of these relative newcomers will surpass the wealth racked up by rock legends who in some cases have been on stage for nearly half a century.”
Sheeran is worth today what Sir Paul McCartney was worth in the very first Rich List published in 1989. Since then, McCartney has seen his wealth rise by 925 percent.
Source: EVENING STANDARD