2 days ago
- Business
- Irish Independent
Niall Horan cashes in on success of worldwide tour with €2.2m paycheque
New accounts filed by the Mullingar man's Jaredon Ltd show that pay at the firm increased by 20pc from €1.85m to €2.23m in the 12 months to the end of March.
Horan enjoyed the €2.2m pay bonanza after a gruelling tour schedule last year that started on February 20 in Belfast and concluded on October 9 in Bogota, Colombia.
One of the tour venues included New York City's Madison Square Garden, where the concert was filmed.
Underling how lucrative the tour was for the 31-year-old, figures from the trade industry journal Pollstar show that Horan generated €2.65m at the box office from three shows last year at the 3Arena in Dublin.
Box-office receipts are shared between artist, venue, promoter and ticket seller.
Horan – who has 39.3 million followers on X and Instagram and is best known for songs like Slow Hands and Nice to Meet Ya – is a regular on Irish rich lists after a career that was launched in One Direction in 2010 on hit TV show The X Factor.
Jaredon employs three people, including fellow directors and accountants to the stars, Alan McEvoy and Barry Downes from the Limerick-based Livewire Business Management.
Pay to the three totalled €2.32m and included directors' emoluments in respect of qualifying services last year totalling €30,000.
Cash funds at the company declined from €1.85m to €106,944.
Arising from the €2.32m staff costs, the company recorded a modest loss of €39,863 last year. Accumulated profits at the end of March this year totalled €93,000.
ADVERTISEMENT
Away from the music studio, Horan has been busy investing in the likes of the expanding Irish athleisure brand Gym+Coffee.
He is also the founder of Modest! Golf Management, which counts Ireland's leading female golfer Leona Maguire among the growing roster of golfers that it represents. Leona and her sister, Lisa Maguire are both on the management firm's roster, which also includes three-time Ryder Cup player Tyrrell Hatton and young golfing stars including European Tour player Connor Syme; former Walker Cup player Jack Singh Brar; South African Christiaan Bezuidenhout; and former Italian No 1 amateur Guido Migliozzi.
