X Factor twins John and Edward Grimes have revealed that they are already millionaires at the tender age of eighteen!

The pair may have failed to impress Simon Cowell on last year’s series of the ITV singing show, but they ended up with the last laugh after numerous advertising deals and lucrative personal appearances have netted them more than one million pounds in just eight months.

As John and Edward Grimes prepare to release their second single on Monday and their debut album the following week, they were asked about Louis Walsh’s prediction that they would one day earn £1 million. John replied: “We already have.”

Their spokesman told The Daily Star “I don’t know the exact figure but they are there.

“Life can’t get much better for them at the moment.”