Fans familiar with this sensational band will know exactly why Niall Horan, a 22-year-old musician from Ireland, is currently has a net worth of $30 million, as of 2015. This value considers the combined net worth of the band One Direction, who have worked to achieve a combined worth of $130,000,000 over a 6-year period. 2014 sets new records for achievement, as the band’s combined net income is valued slightly about $75 million. Leave it to an ambitious and charismatic boy-band to amass such wealth and audience in under a decade. One Direction has spread globally with monumental speeds since their establishment in 2010, and numbers behind these earnings are astonishing.
Nail Horan was born in Mullingar County, Ireland on September 13th, 1993. He attended St. Kenny National during primary school, and later, Colaiste Mhuire Christian school. Horan was passionate about music from an early age, and enjoyed singing for the school choir, and learning the guitar. In the band, Horan is popularly adored for unique vocal and lyrical talent.
Some consider Nial Horan’s role in the creation of One Direction to be of the stars. Horan became the fifth and final member of this band during his solo audition for “X Factor”. The group finished third in the competition, and five lives changed forever. Their pivotal moment and career journey began with a signature on a contract from Syco Records, who proposed a $3,340,000 contract to include all members. One direction began with five members, including Horan, Zayn Malik, Liam Payne, Harry Styles, and Louis Tomlinson. Zayn Malik left the band in 2015.
One Direction’s global success sourced from 2011 album, “Up All Night”. Since, the band has recorded a number of additional albums and popular hit-singles, including “What Makes You Beautiful”, Take Me Home, and “Little Things”. As of 2014, music production sales total a gross value over $300 million. Concerts and tours provide substantial revenue as well. The band is reported ranking 12th in top-grossing tours of all time, behind Madonna’s MDNA Tour, is One Direction’s We Are Who We Are tour. This sold-out concert series grossed over $290 million in 2014. In addition to tours, One Direction profits from concert tour DVD’s, and filmed documentary concert, One Direction: This Is Us. Together, these provide over $150 million in revenue since 2013. Final revenue sources so far include endorsements and miscellaneous merchandise sales, with combined values grossing over $67 million.
Just as it takes money to earn money, it is equally cyclical when massive wealth accumulates rapidly. Combined, gross revenue values are estimated near $1 billion (or more, dependent upon who reports these values). However, spending habits for Horan and the others balance modest luxury and charitable spending. In 2012, Horan purchased a $1 million home in Hertfordshire, England. The boys have purchased a variety of luxury homes and apartments, and each a significant step-up from their childhood residences. On average, One Direction band members were raised in homes valued between $80,000 and $150,000. Combined, they have spent over $9 million in home purchases.
Digital media coverage remains anxiously focused on One Direction’s future, and with ears pointed towards rumors of a hiatus, and perhaps permanent break-up. Reports are unclear, though a temporary break is confirmed as recently as August 2015. Perhaps this decision sparks from Zayne Malik’s recent departure, or otherwise a too-big, too-fast growth. In any case, Niall Horan and the others are looking forward to time off, and other ambitions they were unable to pursue during their limelight careers. Rumors suggest Horan will pursue a bit of solo producing in Ireland, and with a “slightly rockier” tune.