SUNNY SIDE UP £1m FOR OUR PAOLO
Singer’s world tour fortune
PAOLO Nutini is singing all the way to the bank after his companies raked in more than £1million last year.
The Sunny Side Up star’s earnings were revealed in official documents showing his income from sell-out gigs across the world following the release of his third album, Caustic Love.
Paolo, from Paisley, has enjoyed chart success with his three albums, which have shifted more than five million copies.
Papers lodged with Companies House show his company PN Touring have total assets of £953,309. That includes £685,768 held in a bank account and £267,541 owed to him by debtors.
The 30-year-old hitmaker owes £21,737 to unnamed creditors, leaving him with a profit of £931,572. That compares with £261,189 for the previous year. A second firm owned by Paolo, Groovebutton Limited, have total assets of £110,670 and made a profit of £74,757.
Last May, the New Shoes singer pocketed £2.5million by dissolving a company who handled his profits. He cashed in after putting Paolo Nutini Touring Limited into voluntary liquidation.
Paolo – whose family run a Paisley chippy – is a director of his companies along with his mum, Linda.
He has built up a huge fortune since bursting on to the music scene as a teenager 11 years ago with debut album These Streets.