George Michael’s musical legacy continues to flourish posthumously, generating over £30 million in revenue during the past two years. This substantial income, primarily derived from royalties and other music-related ventures, underscores the enduring popularity and influence of the iconic singer-songwriter. Michael’s company, Nobby’s Hobbies Holding Limited, controlled by his family, reported a remarkable turnover of £23,777,273 in 2023 and £6,634,840 in the preceding year, totaling over £30 million. This financial success is a testament to the timeless appeal of his music, resonating with both long-time fans and new generations discovering his work.
A significant portion of the 2023 earnings, approximately £3.5 million, stemmed from royalties, a surge largely attributed to the resurgence of his classic holiday hit, “Last Christmas.” The song’s ascent to the coveted Christmas No. 1 spot in 2023 marked a significant milestone, further solidifying its place in the holiday music canon and contributing substantially to Michael’s posthumous earnings. Wham! bandmate Andrew Ridgeley expressed his belief that George would have been immensely proud of this achievement, highlighting the duo’s shared emphasis on chart success as a measure of their impact.
Beyond royalties, the company also benefited from other avenues related to Michael’s musical career. A substantial £91,559 was received from Netflix for a documentary commemorating the 40th anniversary of Wham!. This documentary, featuring previously unseen footage and audio, garnered widespread acclaim from fans and critics alike, further boosting Michael’s legacy and generating additional income for his estate. The production team’s dedication, spending over two years meticulously collecting and curating archival material, resulted in a deeply resonant and emotionally charged tribute to the band’s impact on music and culture.
Further contributing to the overall income, publishing revenues amounted to an additional £2 million. This figure highlights the continued demand for Michael’s songwriting prowess and the ongoing value of his intellectual property even after his passing. His catalog of hits, both with Wham! and as a solo artist, remains a significant asset, generating revenue through various licensing and publishing agreements. This consistent income stream underscores the lasting commercial viability of his music and its enduring appeal across generations.
The immense financial success of George Michael’s estate since his untimely death in 2016, at the age of 53 from heart and liver problems, speaks volumes about his enduring influence on the music industry. His music continues to resonate with listeners worldwide, demonstrably so in the recent resurgence of “Last Christmas,” generating substantial revenue for his estate and solidifying his status as a musical icon. The financial figures not only represent monetary value but also reflect the profound connection fans have with his music, ensuring his legacy lives on through both his artistic contributions and their continued appreciation.
The remarkable financial performance of George Michael’s estate serves as a powerful illustration of the enduring power of music and the lasting legacy of a truly gifted artist. From the resurgent popularity of his holiday classic to the widespread acclaim for the Wham! documentary, the continued interest in his work reinforces his position as a prominent figure in music history. The significant revenue generated underscores the enduring appeal of his music and the deep emotional connection fans continue to have with his artistic creations, ensuring his influence and impact will continue to be felt for generations to come.
