Skip to main content

One Direction set to double earnings in 2012

One Direction set to double earnings in 2012
One Direction set to double earnings in 2012 (Image credit: PA)

Boy band One Direction are set to double their net worth to £64m over the next 12 months, according to industry experts. The five-piece - who were formed during The X Factor 2010 - finished third in the final but have become the most successful act to emerge from that series, with their estimated earnings already topping £32m after topping the charts both in the UK and abroad. However Nick Gatfield of Sony Music UK - who distributes the band's material via Syco Records in the UK and Columbia in the US - told the Mirror, "We fully expect to double that figure next year. "The team around them including musicians, stylists, producers, tour managers and so on, is 90-strong. That's 90 jobs created by these five boys." The lads - Liam Payne, Louis Tomlinson, Niall Horan, Harry Styles and Zayn Malik - have already been investing their money, reportedly splashing out on new properties. Zayn - who is currently dating Perrie Edwards from the show's 2011 champions Little Mix - has bought a new house believed to be worth £2.2m, while both Louis and Harry have now bought homes in London. The band are currently on a world tour, which finishes in July, and will hit the road again early next year with plans to play dates at London's O2 Arena in February.