Stormzy’s wealth shoots to £4.2 million DESPITE the cancellation of his biggest ever tour to date

Rapper Stormzy’s wealth shot up to £4.2 million despite the cancellation of his biggest tour to date.

His firm Stormzy Limited rose £400,000 in value up to £3.4 million and the Hashtag Merky Touring Limited made a £860,000 profit in the 12 months up to the end of April last year.

The south London rapper, 28, paid himself £850,000 after the bumper year in dividend payments from the touring company.

Stormzy was due to play a massive month-long tour in April 2021 which was shelved because of lockdown restrictions.

The Heavy is the Head Tour has been rescheduled to begin in March this year.

It will include three nights at the London O2 Arena as well as two nights in Dublin and other arenas around the UK.

Revenue in Hashtag Merky Touring is believed to include earnings from the tour as the gigs were due to take place during the year covered by the accounts.

The tour is to back up his best selling 2019 album Heavy is the Head, his second best-selling album release.

Croydon-born Stormzy was headline at the 2019 Glastonbury.

That year’s festival was the last time the event was held before the pandemic.

He is believed to have been working on new material after signing with legendary hip hop label Def Jam, home to Kanye West and Nas, in 2020.

Stormzy was among stars like the Rolling Stones, Sir Elton John and Genesis who were forced to cancel and rearrange major gigs because of the pandemic.