The 22-year-old, who shot to fame in 2011 with hits like 'The A Team' and 'Lego House', has reportedly made more than 2.3 million pounds from his business Ed Sheeran Limited since 2011, reported Contactmusic.
"Ed works extremely hard. He's grafted 24/7 ever since his first hit single. He barely has any time off because he's either on tour, writing his follow-up album or making tracks for the likes of One Direction. So the money just comes rolling in," a source said.
The 'Give Me Love' hitmaker, who recently relocated to Tennessee after spending the last year touring the US with Taylor Swift, is set to release the follow-up to his debut album '+'.
