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Their awards include six Brit Awards, four MTV Video Music Awards, eleven MTV Europe Music Awards, seven American Music Awards (including Artist of the Year in 2014 and 2015), 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 ($41. 2m) 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.