This 24-year-old ginger singing sensation from London, Mr Ed Sheeran, was born (can you believe it) in 1991, and is worth a reported £40 million. With some not so difficult math, this equates to £1.66 million in earnings each year since the day he was born. That is a handsome sum of money, the kind of figures that make one worry less about pensions and more about where to invest the stack loads of cash.

Sheeran was born in West Yorkshire and grew up in Suffolk. It was perhaps his decision to drop out of school at 16 that paid dividends. He made the dash to London the following year when he was 17, to pursue his dream career in music. We can all dream. Sheeran then released an album that pricked up the ears of Elton John and Jamie Foxx, before his debut full album, Plus, was released in 2011. This six-times platinum album has likely cranked his bank balance up a fair way. Beats bar work, which is what many creative London hopefuls end up with.

He is now recognised as one of Britain’s top popstars, and is getting international recognition after playing with the likes of Taylor Swift, a huge global popstar from America. And his one song, The A Team, became a top ten hit in many different countries throughout the world: Australia, Germany, Ireland, Japan, Luxembourg, New Zealand, Norway and the Netherlands. No doubt this made him worry even less about his pension fund. All hail the ambitious. That’s what his bank manager says too.

Sheeran doesn’t only write and play music either. As many stars do when they have such tremendous clout, they try to invest in the very industry that brought them success. Sheeran set up a record label called Gingerbread Man Records, and has a partnership with Warner Music Group.Launched only last year with an accompanying YouTube channel.

The label now has stars such as Jamie Lawson and Foy Vance. No doubt they're hoping for a bank balance even a fraction of the ginger man himself.

But business aside, Sheeran does quite a bit of philanthropy work. He performed at a concert in Bristol, and raised £40,000 for a charity that helps street sex workers. "It's good to show insight that these people are real people with real emotions and they deserve the same charity work as anyone else," Sheeran said. Being a philanthropist is much easier with a net worth like Sheeran’s. But great that he has a heart, as well as a good set of lungs that are clearly worth a fortune.

Last year Forbes ranked him the 27th-highest-earning celebrity in the world. Yep, in the world. He was then awarded an honorary degree from the University Campus Suffolk for his "outstanding contribution to music”. Good for him, and lets imagine that he hopes to continue the outstanding contributions to his bank balance.