Ed Sheeran tops young musicians rich list with £200 million fortune

Top performer Ed Sheeran has reportedly increased his fortune by £ 40 million, putting him in first place among the young musicians Sunday Times Rich List for the second consecutive year.

The 29-year-old from Suffolk is the wealthiest musician in the UK under the age of 30, according to the list, with assets in excess of £ 200 million.

In December 2019, the singer-songwriter announced that he was taking a break from music, after a busy two years marrying his longtime partner, Cherry Seaborn, and completing his record-breaking Divide Tour.

He has played more than 250 shows for more than seven million fans since March 2017, making Divide the most visited and most successful tour of all time, breaking the U2 record.

Dua Lipa and George Ezra make their debut in the list, sharing 11th place with £ 16m each.

It is a fantastic year for the 24-year-old pop star, who scored her first number one album with the acclaimed Future Nostalgia.

Stormzy’s wealth rose from £ 16 million last year to £ 20 million this year, taking him in ninth place along with Rita Ora.

Elsewhere on the new list, there are no changes from the previous year.

Former members of One Direction remain a dominant force, with Harry Styles in second place, Niall Horan third, Louis Tomlinson fifth, Liam Payne sixth and Zayn Malik seventh.

Little Mix – Jesy Nelson, Leigh-Anne Pinnock, Jade Thirlwall and Perrie Edwards – are in fourth place, while Sam Smith is eighth.

Adele is no longer in the list of young musicians.

The singer, who recently shared a rare update on social media on May 5 to mark her 32nd birthday, last released an album in 2015 and is believed to be recording her fourth.

It has been a difficult few months for the music industry after the coronavirus pandemic saw tours with acts like The Who and Dua Lipa and festivals like Glastonbury were canceled.

The Sunday Times Rich List will be published May 17