Ed Sheeran ‘s impressive £57million property portfolio was paid for in cash, leaving the singer completely mortgage-free, according to new reports.
The chart-topping pop superstar has splashed £10million on the London property market over the years, growing his empire to 27 flats, houses, and mansions.
And the 29-year-old star, who is worth an estimated £200million, is said to have used his financial standing to his advantage as he snapped up the properties, by building his empire without relying on any bank loans.
A source told The Sun: ‘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.’
He’s also said to be making himself self-sufficient on his sprawling 16-acre Suffolk pile, by setting up a beehive on the edge of his estate, where he can make his own honey – in addition to growing vegetables, owning an orchard and raising livestock.
>>> See more: Ed Sheeran Is Now The UK’s Richest Musician Under 30
‘Ed’s placed a wooden beehive at the edge of his estate,’ another source close to the singer told The Sun. ‘He’s already got other produce growing and some animals so he’s clearly enjoying the idea of that lifestyle.’
MailOnline has contacted a representative for Ed Sheeran for comment.
Earlier this month the singer-songwriter was officially named as the UK’s richest musician under the age of 30.
The songwriter saw his wealth soar by another £40million, meaning his total wealth is £200million, according to the Sunday Times Rich List.
And the global pop star, who is married to his childhood sweetheart Cherry Seaborn, now boasts enough properties to fill a Monopoly board.
Five assets in the capital have been incorporated into Sheeran’s vast ‘Edopoly’ property empire, taking the number he owns in London up to 22.
His latest additions include two properties on Floral Street in Covent Garden, and a pair of flats by the Battersea Dogs and Cats Home down Palmer Road.
These four homes alone are thought to be among his most expensive, with conservative estimates putting them at a total value of £9million.
Sheeran also owns five apartments in Wiverton Tower in Whitechapel worth £3.9million and a mansion in Holland Park valued at nearly £20million.
The Shape of You singer has another four properties in Holland Park worth £11million, and a trendy Portobello Road restaurant called Bertie Blossoms which will soon be converted into a pub.
MailOnline previously reported that Sheeran bought several Notting Hill properties to prevent complaints about ‘loud music and parties’.
Outside of London, the musician owns a vast £3.7million Suffolk country estate dubbed ‘Sheeranville’ by local villagers.
After moving into a Grade II-listed farmhouse in his hometown of Framlington in 2012, Sheeran bought another four homes.
He has had a pub, a swimming pool, and a treehouse built, and last November submitted proposals to have a ‘place of worship’ constructed.
The multimillionaire chart-topper is in lockdown with wife Cherry Seaborn, 28, at the mansion where he also grows fruit and vegetables.
It comes after Ed refused to furlough any of his ten staff at his Notting Hill pub – in sharp contrast to other celebrities who have been blasted for demanding state cash.
The star will be using his personal fortune to prop up his bar Bertie Blossoms in west London, said to be named after his wife Cherry.
The bar was forced to close in March because of the coronavirus shutdown, but it appears workers in its bar and kitchen are being paid by the singer to be at home.
A spokesman for Sheeran has confirmed that he will not ask the Treasury to pay up to 80 per cent of their salaries, up to a threshold of £2,500 per month.
The A Team hitmaker opened the doors to Bertie Blossoms in September 2019 with a snazzy launch which saw the likes of Peter Crouch and Abbey Clancy in attendance.
Co-owned with his manager Stuart Camp, the pub has been billed as a ‘bright green, low-lit bar set over two floors with extensive drinks list including house cocktails’.
Sheeran announced he would take a break from his music career after finishing his Divide Tour, which ran from 2017, last year. It is the highest-grossing tour of all time.