Niall Horan enjoys €2.58m pay day
Niall Horan has added to his fortune by paying himself almost $3m (€2.58m) from his new solo music firm over a 17-month period.
The 24-year-old Mullingar man is already one of the Ireland's richest 'twentysomethings', and new accounts filed by Mr Horan's Neon Haze Music Ltd show that the company paid its directors $2.994m between the end of June 2016 and the end of November last.
It is the first set of accounts to be filed by Mr Horan as his solo career, following the global success achieved by pop band One Direction, goes from strength to strength.
At the end of November last, the company was sitting on a cash pile of $2.56m.
The principal activity of the company is the provision of music-recording services and related promotional activities.
Horan - who has amassed 39.2 million followers on Twitter - set up the firm in June 2016 as he set out on his solo career when One Direction took a hiatus. The directors of the firm state that they expect the level of activity to continue for the foreseeable future.
Of the One Direction members that have pursued solo projects, Horan has been, arguably, the most successful and critically acclaimed.
Horan's debut solo album, 'Flickr' was released in October of last year and debuted at number one in charts in Ireland, the US, Canada, Mexico. It has sold over 2.2 million copies worldwide.