Ed Sheeran is set to be a billionaire before his thirtieth birthday - less than two years away.
The singer has doubled his wealth in recent years, his recent Divide tour reportedly raking in a staggering £493million. Experts predict if his success continues, his personal wealth will top the £1billion mark.
Music industry guru Mark Borkowski revealed live performances are main thing which generates income for musicians. He told the Sun on Sunday: “The man who was busking on the streets is now a man who is going to be a billionaire. Above all, this shows just how potent live music is nowadays.
“It’s the one that generates the money. The music business has moved on with labels having to be more savvy and Ed clearly has a team that knows what it’s doing.”
The 28-year-old, known for his ginger hair and down-to-earth persona, burst onto the mainstream music scene in 2011 with his album + after honing his talent busking on the street.
PR guru Marcel Knobil says the stars success is down to ‘raw talent’. He said: “Ed is an extremely talented individual who demonstrates it is not always about the packaging but about the perfect product. People such as him, Adele and Sam Smith give less credence to glamour and just display raw talent.”
Meanwhile, Sheeran has previously credited his success to hard work, saying: “Persistence gets you wherever you want to go. My dad always said, 'Nothing ventured, nothing gained'.
“It was never, 'It either works or it doesn't', you don't stop until it works, basically.
“I applied that to the Thinking Out Loud video, rehearsing five hours a day thinking, 'Why the f**k am I learning to dance? I make the music, someone else can dance.”
He added: “But I set out to do it and I did it. If you feel like you should do something but it's a risk, just f***ing do it. If it's positive, obviously. Don't do anything bad!”
Sheeran is currently number one in UK singles chart with I Don’t Care, a collaboration with Justin Bieber