Sam Smith becomes millionaire officially!

London: Singer Sam Smith is officially a millionaire after his company Sam Smith World Ltd raked in 1,049,277 pounds in 2014.

Official documents show Smith was owed 865,577 pounds and had cash assets of 183,700 pounds. After bills were paid, the company totalled 22,908 pounds in profit, reports femalefirst.co.uk.

The company, of which Smith is the sole shareholder and director, was set up in December 2013.

The 23-year-old is expecting his income to increase this year as he celebrates the success of his debut album “In The Lonely Hour”, which has sold over nine million copies worldwide, as well as a fruitful world tour.