Niall’s €60m fortune from One Direction
Each member of boyband is now worth at least €60m
HE’S come a long way from Mullingar, and Niall Horan has €60million to show for it.
As the baby-faced schoolboys nervously shuffled around the X Factor stage, few could have predicted One Direction would go on to become superstars.
But seven years on, the five members – all aged 25 or under – are each worth at least €60million.
Harry Styles, Liam Payne, Louis Tomlinson, Niall Horan and Zayn Malik have sold ten shares in their company, 1D Media, for £70,131,909 (€80,785,475) – or £14,026,381 (€16,157,094) each – according to records filed with Companies House in the UK.
A year after the remaining four announced their ‘semi-retirement’ – Malik, 24, quit in March 2015 – all five are still rolling in royalties from two other companies, Rollcall Touring and PPM.
In addition, each has signed a lucrative solo record deal. Horan had a hit last year with his single This Town and his debut album is set for release this year. Styles, 23, and Tomlinson, 25, are also pursuing successful ventures in film and TV.
Last night a source who worked closely with One Direction said: ‘Almost from the off the boys were extremely canny. They received sound financial advice straight away, and none of them have been reckless with their earnings.
‘In ten years’ time, they could easily be worth £100million each.’
One Direction were put together on Simon Cowell’s ITV show in 2010. Although they came third they were immediately signed by Cowell’s Syco label and have sold more than 20million records worldwide.