After the ‘impact’ music had on his life, Ed Sheeran has donated nearly £1 million to help young children learn it.
The singer’s generosity was recently revealed in new Sheeran’s charity foundation accounts.
The 31-year-old father-of-two has donated £500,000 to The Framlington Foundation Trust, named after the Suffolk town where he grew up, to assist young aspiring musicians, after already donating that amount over the previous five years.
A source told The Mirror: ‘Ed has never forgotten his struggle to reach the top and the impact music made on his life. It is fantastic he’s helping in this way.’
Children can apply to the charity, known as the Ed Sheeran Suffolk Music Foundation, for funding for instruments, rehearsal space, and performances.
Ed, who is worth an estimated £180m, said: ‘The reason I’m doing it in Suffolk is [because] it’s the area I grew up, I still live here and I learnt how to play music here and I feel like I’ve had a lot of support from the area and I feel like I wanna give some support back.’
The former busker said: ‘It’s like ‘earn a penny, spend a penny’ with me. As soon as it comes in, it goes out. I don’t have much value on it. […] I have more value on my friends and family being OK.’
Ed was named the richest British star under thirty for the third year in a row last year, with earnings of £236.5 million.
Ed, who has not only the most-streamed single of all time with Shape Of You, but also the highest-grossing tour of all time with Divide Tour, has increased his estimated worth by £26.5 million in the last year.
It comes after it was revealed that Ed’s property empire has accounts worth more than £38 million, according to the most recent figures.
Ed, who is estimated to have a portfolio worth £65 million, has been hit by the pandemic, with his Notting Hill pub and restaurant, Bertie Blossoms, losing nearly £1.2 million.