One Direction are an English-Irish pop boy band based in London, comprising Niall Horan, Zayn Malik,Liam Payne, Harry Styles and Louis
Tomlinson. They 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 three albums, Up All Night (2011), Take Me Home (2012) and Midnight
Memories (2013) broke
records, topped charts in most major markets, and generated hit singles
including "What Makes You Beautiful", "Live While We're Young" and "Story of My Life".
Their
achievements include
four Brit Awards and four MTV Video Music 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 ($41.2m) making
them the second wealthiest musicians in the UK under 30 years of age. After the release of Midnight Memories, One Direction
became the first band in the US Billboard 200's history to have their
first three albums debut at number one. Additionally,
the album was a global success, debuting at number one on theUK Albums
Chart and becoming the
fastest and biggest selling album of 2013 in the UK.
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