One Direction Boy Band Expenses Shoots to £24 million but makes a huge profit from Its Tour

4:11 PM EDT 4/7/2017 by Lester Mondragon, Celebeat Reporter

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Taking care of a boy band is not easy when expenses for their gigs rack up to £24.3 million in a single year. But all the money spent is all worth every penny especially when the boy band your handling is One Direction. No wonder Simon Cowell is all smiling in footing the bill. His wonder-boys net profit for the outfit with £30.65 million.

One Direction boss Simon Cowell owns One Direction. The super boys just made Simon Cowell's net worth shoot to £300 million. The 1D boys now have an individual wealth of £14 million each.

The 2015 tour expenses curtail the following: the tour's expenses ran to £10.7 million, £801,163 on travel and food, £ 258,625 on crew fees, £46,321 on personal styling, £814,001 on legal expenses, £150,034 on administrative cost, £9,967 on bank charges, and £97,065 on insurance coverages. Add director Zayn Malik's salary of £561,872 and this is the company's cost of fame for the boss and his kids. Malik is a former member of the boy band, as reported by the Metro.

One Direction's gross income is £63 million pound before taxes. One direction members gave up their director positions in 1D Media and selling their shares of 10 percent. The transaction endows the boys with £14 million each back in April 2016.

One of the One Direction boy band member is Harry Styles who is looking forward to his solo debut, his video teaser insinuates that the solo debut is April 7, 2017, reports the SUN.

Mail Online reports that the One Direction members have an individual personal wealth of £14 million each. They are now known for being the richest Boy band in British History, a level available only for a few in the likes of Adele, Calvin Harris, and X Factor judge Cheryl Cole.

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