Millionaire Sam Smith

Sam Smith is officially a millionaire after his company Sam Smith World Ltd raked in £1,049,277 in 2014.

Millionaire Sam Smith

Sam Smith is a millionaire.

Accounts filed for his company Sam Smith World Ltd. reveals that the 'Money On My Mind' hitmaker raked in £1,049,277 in 2014.

Official documents show Sam was owed £865,577 and had cash assets of £183,700. After bills were payed, the company totalled £22,908 in profit.

The company - of which Sam is the sole shareholder and director - was set up in December 2013, The Sun newspaper reports.

And the 23-year-old singer is expecting his income to rocket this year as he celebrates the successes of his debut album 'In The Lonely Hour' - which has sold over nine million copies worldwide - as well as a fruitful world tour.

However, Sam is prepared to put the money behind him - at least for now - as he recently revealed he is planning to take a hiatus from music.

He said: "I've been playing now for three years nonstop. And it feels right for me to just go home and live my life - just be a 23-year-old. It'd be good to actually spend some time dating I think."

Despite his break, Sam is still working on a new album but admits the record is a long way off yet.

He added: "I've been inspired the whole year - my love life, and the downs and ups have never stopped - so I'm always inspired by stuff like that.

"I have been writing a little bit, and already I've found direction on what I want to say and how I want things to sound. But there's a long way to go."

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