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14 March 2017, 11:09
The Castle On The hill singer has revealed he gives most of his wealth away.
Ed Sheeran has revealed he prefers to be "comfortable" and give most of his money away.
The Divide singer-songwriter - who has an estimated wealth of £68 million - says most of his earnings go on family and friends and his local children's hospital.
Speaking to OK! Magazine, he revealed: "It's like, earn a penny, spend a penny with me. As soon as it comes in, it goes out. I don't have that much value on it.
"I have more value on my friends and family being OK. A lot of my money goes to charity or to children's hospitals near where I live.
"I have enough to be comfortable and the rest goes to help people."
Despite the good his wealth has done for others, the 26-year-old singer admits his wealth has caused him to lose friends.
"I do think money is the root of all evil," he said. "I've never lost more friends in my life than I have done after finding money coming to my life."
Meanwhile, Sheeran has added a new London date at The O2, London yesterday scheduled for 22 June- a day before Glastonbury is officially set to begin.
The new date occurs on the eve of the first official day of music at the Somerset festival, which takes place from 21- 26 June.
So far two acts have been confirmed to top the bill at Worthy Farm, with Radiohead and Foo Fighters set to play the Friday and Saturday nights respectively.
This still allows a convenient spot for the singer-songwriter to headline the Pyramid Stage, giving him three night's sleep until his potential headline slot on Sunday 25 June.