Each member of One Direction is now worth at least £50m
The five members of One Direction – all aged 25 or under – are each worth at least £50million. They have sold ten shares in their company, 1D Media, for £70,131,909
As the baby-faced schoolboys nervously shuffled around the X Factor stage, warbling slightly off-key, few could have predicted they would go on to become global superstars.
But seven years on, and all still aged 25 or under, the five members of One Direction are each worth at least £50 million.
A year after announcing their ‘semi-retirement’, Harry Styles, Liam Payne, Louis Tomlinson, Niall Horan and Zayn Malik have sold 10 shares in their company, 1D Media, for £70,131,909 – the equivalent of £14,026,381 each – according to records filed with Companies House.
None of the group ever needs to work again as they are also still rolling in royalties from two of their other companies, Rollcall Touring and PPM.
In addition, each member has gone on to sign lucrative solo record deals, taking their individual worth to £50 million or more each.
Two of the singers – Styles, 23, and Tomlinson, 25 - are also pursuing successful extracurricular ventures in film and television respectively.
Last night a source who worked closely with One Direction said: ‘Almost from the off the boys were extremely canny when it came to matters of the purse.
‘They received sound financial advice straight away, and none of them have been reckless with their earnings.
‘The plan was always to get to this situation, and have the freedom to pursue what they really wanted. In ten years’ time, they could easily be worth £100 million each. It really is quite incredible.’
Undoubtedly the most successful of all the X Factor roster, One Direction were put together on Simon Cowell’s ITV show in 2010.
Although the quintet only came third in the competition – losing out to that year’s winner, Matt Cardle – over 17 million viewers watched the final and the band were immediately signed by Cowell’s Syco label.
One Directions established themselves as teen favourites. Obsessed fans began self-harming when Malik, 24, quit in March 2015, and helplines were set-up when the group declared they were taking a hiatus last January.
They have won six Brit awards and sold over 20 million records worldwide.
They also managed to conquer the notorious tough US market, becoming pin-ups on both sides of the Atlantic.
In 2015 it was revealed the group had earned £105 million over the course of the year, making them the wealthiest boyband in British history, and last year all five members made the Sunday Times under-30 rich list.
The singers have enjoyed the trappings of fame, including numerous five-star holidays, designer wardrobes and, between them, a fleet of luxury supercars.
But they have also invested their money wisely, with properties both here and in America and, in the case of Styles, artwork worth millions.
Last night their representatives declined to comment.