Claim: One Direction were second on the list of highest earning celebrities under 30 in 2014.

One Direction -LRB- commonly abbreviated as 1D -RRB- are an English-Irish pop boy band based in London , composed of Niall Horan , Liam Payne , Harry Styles , Louis Tomlinson , and previously , Zayn Malik until his departure from the band on 25 March 2015 . The group signed with Simon Cowell 's record label Syco Records after forming and finishing third in the seventh series of the British televised singing competition The X Factor in 2010 . Propelled to international success by social media , One Direction 's five albums , Up All Night -LRB- 2011 -RRB- , Take Me Home -LRB- 2012 -RRB- , Midnight Memories -LRB- 2013 -RRB- , Four -LRB- 2014 -RRB- , and Made in the A.M. -LRB- 2015 -RRB- , topped charts in most major markets , and generated hit singles including `` What Makes You Beautiful '' , `` Live While We 're Young '' , `` Best Song Ever '' , `` Story of My Life '' , and `` Drag Me Down '' .   Their awards include six Brit Awards , four MTV Video Music Awards , eleven MTV Europe Music Awards , seven American Music Awards -LRB- including Artist of the Year in 2014 and 2015 -RRB- , and 27 Teen Choice Awards , among many others . According to Nick Gatfield , the chairman and chief executive of Sony Music Entertainment UK , One Direction represented a $ 50 million business empire by June 2012 . They were proclaimed 2012 's `` Top New Artist '' by Billboard . According to the Sunday Times Rich List , by April 2013 , they had an estimated personal combined wealth of # 25 million -LRB- $ 41.2 m -RRB- making them the second-wealthiest musicians in the UK under 30 years of age . In 2014 , Forbes listed them the second-highest earning celebrities under 30 , with the group earning an estimated $ 75 million from June 2013 to June 2014 . In June 2015 , Forbes listed their earnings at $ 130 million for the previous twelve months , and ranked them the fourth highest earning celebrities in the world . In 2016 Forbes ranked them the world 's second highest earning celebrities .   After the release of Four , One Direction became the first band in the US Billboard 200 history to have their first four albums debut at number one . Their third album , Midnight Memories , was the biggest-selling album worldwide of 2013 despite being released in late November . The band 's Where We Are Tour in support of Midnight Memories and Four , was the highest-grossing concert tour in 2014 , and the highest-grossing tour ever by a vocal group , generating $ 282 million . In 2014 , Billboard named One Direction Artist of the Year . The band is currently on a hiatus that began in January 2016 , allowing all members to pursue other projects .