One Direction members earn €5m each

The five members of One Direction have racked up a £5m (€5.8m) fortune each in the last year.

The group, who were put together on the X Factor, stormed the United States in 2012 with their debut album Up All Night.

But they still have a way to go before they catch Adele who tops the Young Music Rich List with a fortune of £30m.

The singer made £10m in the last year despite taking much of it off to recover from a throat operation and have a baby according to researchers from the Sunday Times Rich List.

Cheryl Cole’s fortune is estimated at £14m, while Leona Lewis and Katie Melua are both worth £12 million.

New entries to the list of music millionaires aged 30 and under include Emeli Sande and Ed Sheeran who are each worth £5m.

The top 10 richest music millionaires in Britain and Ireland according to the Sunday Times Rich List are:

1 – Sir Paul McCartney and Nancy Shevell – £680m

2 – Andrew Lloyd Webber – £620m

3 – U2 – £520m

4 – Sir Elton John – £240m

5= David and Victoria Beckham – £200m

5= Sir Mick Jagger – £200m

7 – Michael Flatley – £191m

8 – Keith Richards – £185m

9= Olivia and Dhani Harrison – £180m

9= Sting – £180m

The top five richest young music millionaires in Britain and Ireland according to the Sunday Times Rich List:

1 – Adele – £30m

2 – Cheryl Cole – £14m

3 = Leona Lewis – £12m

3 = Katie Melua – £12m

5 – Florence Welch – £9m