Ed Sheeran's £200million fortune sees star crowned the UK's richest musician under 30 after his wealth soars by £40million

Ed Sheeran has officially been named as the UK's richest musician under the age of 30.

The singer, 29, saw his wealth soar by another £40million, meaning his total wealth is £200million, according to the Sunday Times Rich List.

He announced that he would take a break from his music career are finishing his record-breaking Divide Tour and marrying his childhood sweetheart Cherry Seaborn, 28.

Second on the illustrious list is Harry Styles, followed by Niall Horan in third place, Louis Tomlinson in fifth place, and Liam Payne and Zayn Malik in sixth and seventh places.

Pop group Little Mix are fourth and Sam Smith is eight. Stormzy, with a wealth of £20million, is in ninth place alongside Rita Ora.

Dua Lipa and Goerge Ezra are both in 11th place with £16million each. 

Pop star Rihanna has burst in to the top of the charts as Britain’s third-richest musician overall – thanks to her line of raunchy lingerie and a move to London.

The Barbados-born singer’s estimated £468million fortune is powered by her Fenty cosmetics brand, which launched in 2017 and generated £462million in its first 15 months.

She also has eight albums to her name and Savage X Fenty, the successful lingerie brand.

The 32-year-old’s wealth puts her below Sir Paul McCartney and Andrew Lloyd Webber – jointly top with £800million – but above Sir Elton John, said to be worth £360million in the Sunday Times annual list of the wealthiest musicians in Britain.

The singer moved to London to be closer to her fashion label in 2018.

Sir Paul, 77, was up £50million on last year, after topping the New York Times bestsellers chart in 2019 with his debut children’s book Hey Grandude! and he took more than £81million at the box office from his 29-date world tour.

His latest album, Egypt Station, was also his first to debut at number one on America’s Billboard 200 chart, while Beatles-inspired film Yesterday was a huge success last year.

But Lord Lloyd Webber, 72, has dropped by £20million as a result of the coronavirus pandemic hitting theatres worldwide.

Sir Elton, 73, whose music enjoyed a resurgence after the release of his biopic Rocketman, saw his worth soar by £40million, also thanks to his ongoing Farewell Yellow Brick Road tour. He was placed fourth.

Rolling Stones frontman Sir Mick Jagger, 76, took fifth place with £285million, up £10million.

His bandmates Keith Richards, 76, Charlie Watts, 78, and Ronnie Wood, 72, made the list with £270million, £165million and £95million respectively.

Sir Paul’s former Beatles bandmate Sir Ringo Starr, 79, was placed eighth with £260million, while Olivia and Dhani Harrison, the widow and son of Beatle George Harrison, were placed sixth with £270million.

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