Ed Sheeran is a British singer-songwriter with an estimated net worth of $16 million. He is currently making headlines after he was spotted partying with 21-year-old Victoria's Secret model Barbara Palvin just hours after announcing split from girlfriend Athina Andrelos.

The newly-single English heartthrob started to pursue a career in music after he moved to London from Suffolk in 2008. In early 2011, he caught the attention of Elton John and Jamie Foxx following the release of his independent extended play, "No. 5 Collaborations Project." Ed Sheeran then signed to Asylum Records, which skyrocketed his career and net worth value.

In 2012, Ed Sheeran became popularly known worldwide. His debut album, "+," which include hit singles "The A Team" and "Lego House," was certified six times Platinum in the UK. In the same year, the 24-year-old "Give Me Love" hit-maker won two Brit Awards and in 2014, he was nominated at the 56^th Annual Grammy Awards for Best New Artist. As of 2014, Ed Sheeran's net worth is valued at $15 million, The Richest listed.

Aside from being an acoustic balladeer, Ed Sheeran also wrote songs for other artist, which definitely contributed to his increasing net worth value. He also made a guest appearance on Taylor Swift's fourth studio album, "Red." In 2013, he spent much of 2013 touring North America as the opening act for Swift's "The Red Tour."

Meanwhile, Ed Sheeran's prolific career and net worth did not escape the public's eye without some controversies. The Daily Mail reported just hours after he announced he was single on Thursday night, the "I See Fire" crooner didn't waste any time as he was seen partying with a model that same night.

Ed Sheeran, who had been dating the 23-year-old Greek stunner Athina Andrelos for one year, confirmed the split during an interview on Australian radio station KISS 1065, Billboard revealed.

"I wasn't single. I was in a relationship for a long time," Sheeran explained when he was asked about his relationship status. He also told the radio program hosts that it was the first time he's ever spoken about it. And when DJ Kyle Sandiland pressed on, asking if he's "single now," the Brit singer responded, "Yes."

Sheeran's relationship with Andrelos was rumored to be on the rocks after last month's BRIT Awards, when Daily Mail learned a disagreement at an afterparty. The news of their split also came after reports claim that their relationship had taken a worse turn due to his time-consuming schedule, Hollywood Life added.

While fans were saddened that the "Thinking Out Loud" singer is in the middle of a breakup, some are thrilled for the epic music he'll likely release about his experience. And surely, it will increase Ed Sheeran's net worth of $16 million, as Celebrity Net Worth cited.