James Arthur made £2.2m in just ONE year despite cancelling headline tour
JAMES Arthur made £2.2 million in just one year – despite being forced to cancel his headline tour, The Sun can reveal.
The 33-year-old singer raked in the cash through his music, enjoying a bumper 2020 even with the ongoing coronavirus pandemic holding back his plans.
The star’s latest company earnings have been filed and reveal the large pay-out, with financial statements for Raff Music Publishing and JA Touring showing that James took £2.2 million in total last year.
He was left with a total profit of half this amount at £1.1 million, with the bulk coming from Raff Music Publishing, which was set up in 2013 – one year after James won The X Factor.
Its nature of business reported on Companies House as “other publishing activities”, and it reports an impressive £779,974 annual profit – taking the net worth of the company to £844,989.
Accounts also reveal bills due of £479,621, and a total of £1,324,610 worth of assets.
James also owns live music firm JA Touring, which was set up in February 2019, and the turnover topped £1 million, with assets worth £1,010,704
After bills at £670,171 were accounted for, James was left with £340,533 in this firm.
James had been due to hit the road with his music in 2020, but had no choice but to cancel when the coronavirus pandemic hit.
Fans who bought tickets were instead refunded, meaning that the star missed out on the cash.
But James clearly doesn’t need to worry too much about that, having come a long way from his pre-fame days where he would sleep on the streets and shoplift food because he couldn’t afford to eat.
The singer was brought up in the Middle East and previously admitted to having a comfortable childhood, but he went off the rails when he moved back to the UK after a family break-up at the age of 14.
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He shared in 2012: “I started sleeping rough when I was 15. I got kicked out of my mum’s house and I didn’t really care where I slept.
“I understand why she chucked me out because I was unbearable to live with. She couldn’t cope with me because I was so angry.”
James added: “I either crashed on someone’s couch or a park bench. I was a pretty tough kid, but I had to steal food a couple of times.
“I went to supermarkets like Sainsbury’s and filled up a plastic bag to try to steal enough food for the week.”