Entertainment

Sam Smith’s company ‘sees cash drop by £7million’

Sam Smith’s company ‘sees cash drop by £7million’ while singer was out of the spotlight for three years… after star made Sunday Times Rich list with £33million fortune

  • In newly filed accounts for their main company – Sam Smith World – the balance has dropped from £7.1million to £313,000 from 2018-2019, reports The Sun  
  • Sam’s most recent album, Love Goes, charted at number two back in November after a three-year gap between compilations
  • They landed at number eight on the Sunday Times Rich Young Musicians list in May 2020, with a fortune of £33million
  • Sam has accumulated their mass wealth since rising to fame on Disclosure’s hit Latch back in 2012 
  • Their debut album, In The Lonely Hour, won four Grammys and spawned hit singles, Stay With Me and Money On My Mind
  • They have picked up an Academy Award for James Bond theme, Writing’s On The Wall as well as three Brit Awards and an American Music Award

Sam Smith’s company has seen cash drop by nearly £7million during the singer’s time out of the spotlight.

In newly filed accounts for their main company – Sam Smith World – the balance has dropped from £7.1million to £313,000 from 2018-2019, reports The Sun.  

Last year, Sam, 28, whose most recent album Love Goes charted at number two back in November after a three-year gap between compilations, landed at number eight on the Sunday Times Rich Young Musicians list, with a personal fortune of £33million.

Balance: Sam Smith’s company has seen cash drop by nearly £7million during the singer’s time out of the spotlight (pictured November 2020)

Mailonline has contacted Sam Smith’s representatives for comment. 

In 2019, the star bought a £12million five-bedroom Grade II listed Hampstead home where neighbours include Jude Law and Kate Moss.

In September Sam was given the go-ahead by planners to step up security at the home with CCTV cameras, motion sensors and entry system monitors.

In a letter to the local council, Smith’s planning agent said: ‘The proposals have been drawn up following consultation with a security specialist and analysis of the security issues.  

Pop icon: In newly filed accounts for their main company - Sam Smith World - the balance has dropped from £7.1million to £313,000 from 2018-2019, reports The Sun  (pictured 2019)

Pop icon: In newly filed accounts for their main company – Sam Smith World – the balance has dropped from £7.1million to £313,000 from 2018-2019, reports The Sun  (pictured 2019)

‘It is considered that the upgrade of the CCTV in conjunction with an alarmed system will provide great benefit to the living conditions and security of the property’s residents.’

Built in 1736, Sam’s new detached Georgian house — once home to author Sir Kingsley Amis — boasts a reception hall, breakfast room and courtyard garden.

Smith needed planning permission because their home is Grade II listed and lies in a designated conservation area.

Planners at Camden Council gave consent after there were no objections from neighbours. 

Sam has accumulated their mass wealth since rising to fame on Disclosure’s hit Latch back in 2012.

Success story: Sam has accumulated their mass wealth since rising to fame on Disclosure's hit Latch back in 2012 (pictured 2019)

Success story: Sam has accumulated their mass wealth since rising to fame on Disclosure’s hit Latch back in 2012 (pictured 2019) 

Their debut album, In The Lonely Hour, won four Grammys and spawned hit singles, Stay With Me and Money On My Mind. 

They have picked up an Academy Award for James Bond theme, Writing’s On The Wall as well as three Brit Awards and an American Music Award.     

In November, music industry bosses were left baffled after Sam sold just over 20,000 copies of their latest album in the first week – a fifth of sales for their last release.

Despite a hectic schedule to promote their third album, Love Goes, including appearances on Strictly, Graham Norton and The One Show, it failed to sell anywhere near the first week’s 97,000 for their 2017 hit, The Thrill Of It All.

 American singer Ariana Grande’s new album Positions topped the charts on Friday after selling just over 27,000 records, with Smith at number two.

One music industry insider said: ‘With that amount of prolific promotion, a name like Sam Smith should have got straight to number one with no issues.’   

Last year, Smith came out as non-binary, admitting they feel ‘like a woman sometimes’ and has considered a sex change. 

They also announced they used the pronouns ‘they’ and ‘them’ rather than ‘he’ or ‘she’.

Oscar winner: Their debut album, In The Lonely Hour, won four Grammys and spawned hit singles, Stay With Me and Money On My Mind (pictured 2018)

Oscar winner: Their debut album, In The Lonely Hour, won four Grammys and spawned hit singles, Stay With Me and Money On My Mind (pictured 2018)

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