Pop star Ed Sheeran paid himself £10million last year, figures reveal.
Accounts for the singer’s firm show he had a bumper 12 months from song-writing and music sales.
Turnover leapt from £32.6m to £48.1m, while the profits rocketed 53% to £36.4m.
It allowed the 29-year-old artist, whose hits include Perfect, to pay himself a £10m dividend on top of the £17m he collected in 2018. The performer’s company paid nearly £7m in corporation tax last year.
It is almost half what one of online giant Amazon’s biggest UK-based firms paid in corporation tax in the same period, despite turnover of nearly £2.3billion. The accounts for Ed Sheeran Limited do not include cash made from gigs.
The documents say: “Going forward, the company’s turnover is expected to remain strong but it will be dependant on the artist’s continued success.”
The British star was praised in April when he refused to furlough the staff who work at his restaurant and bar in Notting Hill, West London. Rather than using the taxpayer-funded scheme to keep the jobs open, Ed paid the wages from his own pocket.
After finishing a tour and getting married, he announced last year he was taking a break.
Ed’s hit albums include No.6 Collaborations Project which was released last year.
His net worth is more than £200m, according to the Sunday Times Rich List.
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