Ed Sheeran’s property empire soars to £61.5M
Ed Sheeran’s property empire has soared to £61.5 million ($78.1 million).
The pop megastar’s companies Maverick Properties Limited and Maverick Commercial Properties Limited filed documents on Companies House, which show a growth of £4.5 million ($5.7 million).
According to The Sun newspaper, that’s because the ‘Shape of You’ hitmaker – who is reportedly worth £200 million – purchased further properties during the lockdown period.
It was claimed that the 29-year-old Grammy-winner owned 27 properties in February.
As well as a sprawling estate in Suffolk, Ed owns the restaurant Bertie Blossoms a mansion in London, two Covent Garden properties, flats in Battersea, and rental properties across London.
The ‘Perfect’ hitmaker bought the first property in his ‘Sheeranville’ estate for almost £900,000 in 2012, and last year splashed out £875,000 for his fifth house in the area.
Over the years, he’s built a swimming pool, two-story treehouse and a pub within his grounds, prompting a number of objections to his plans, including in 2018 when he applied to build a chapel.
Ed – who recently welcomed his first child with wife Cherry Seaborn, daughter Lyra, into the world – bought his properties for cash as he didn’t require mortgages.
A source previously said: “He has a great portfolio of properties and he owns the lot free and clear. There was no need to borrow the cash from a lender because he already had it.
“Some people have the cash tied up so need to raise a mortgage but Ed has piles of the cash in the bank so there was no point in letting a bank earn money by lending him the money. He just bought them outright.”
This article originally ran on celebretainment.com.