Ed Sheeran Awards Himself R232 Million Pay Raise As His Music Empire Continues to Dominate Charts

• Singer Ed Sheeran's music empire currently boasts an astounding R2 billion turnover since 2019
• In recognition of his achievements, the superstar has rewarded himself with a substantial R232 million pay increase
• Sheeran's earnings in 2022 reached R425 million, marking a substantial R232 million increase compared to the previous year

Celebrated singer Ed Sheeran has seen his music empire flourish with a staggering R2 billion turnover since 2019, a figure that excludes earnings from his recent world tour.

According to The Mirror, the 32-year-old artist has granted himself a substantial R232 million pay boost, thanks to the continuous growth of his music career.

How much profit did Ed Sheeran make?

In 2022 alone, Sheeran's earnings reached 425 million, reflecting a notable increase of R206 million compared to the previous year. These latest figures paint a picture of a musician at the pinnacle of his career, cementing his status as one of the world's biggest stars.

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However, the R2 billion turnover does not account for nearly half of the 90 total dates from his sold-out world tour spanning 2022 and 2023. Nor does it encompass the sales generated by his sixth album, Subtract, or his latest release, Autumn Variations.

A source close to the artist said:

"Ed is going from strength to strength. He's one of the biggest stars on the planet, and these numbers back that up."

Annual accounts submitted to Companies House unveiled that Ed Sheeran Ltd had turnovers of R542 million in 2022, R774 million in 2021 and R735 million in 2019.

The singer's profits for these years amount to an astonishing R1.5 billion, with a significant portion stemming from his 2021 album, Equals.

Notably, Sheeran will be contributing R72 million in corporation tax and he has demonstrated his commitment to charitable causes by donating substantial sums, including R23 million to support music education for children.

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In his own words, Sheeran shared:

"It's like, earn a penny, spend a penny with me. I don't have that much value on it. I have more value on my friends and family being OK."

Ed Sheeran releases new album after copyright trial

Previously, the singer released a new album, Subtract, just hours after winning Marvin Gaye's Thinking Out Loud copyright trial.

The British singer was taken to court after being accused of copying Marvin Gaye's song, Let's Get It On. According to the BBC, Sheeran denied copying Marvin Gaye's song.

Source: TUKO.co.ke