George Michael’s estate now worth £8.3m and makes £11k a day four years after his death

GEORGE Michael’s estate is now worth £8.3million and rakes in £11,000 a day — four years after his tragic death.

The icon died of heart and liver complications on Christmas Day in 2016, aged 53.

But his legacy of music has continued to produce pop profits that add up to millions under the sound recording and music publishing company Nobby’s Hobbies Holdings.

The estate netted £4.3m alone last year which amounts to £11,656 per day for the firm.

It takes the net worth of the late singer’s music businesses to £8.3m.

Nobby’s Hobbies Holdings, set-up in 1987, was Michael’s top music firm.

The accounts describe it as a "holding company".

George's seven-bedroom London mansion was recently sold for £19million.

The Grade II listed home in Highgate, North London, was snapped up for more than twice the £8million the Wham! star bought it for in 2002.

The property, with swimming pool, appeared to have been sold by George’s dad Kyriacos Panayiotou after it was left to him.

After George's death there was an outpouring of grief from heartbroken fans and the star’s famous friends. 

People created a shrine outside his home, but it was removed in 2018.

Reacting to the sale of the house, some said the home should be turned into a “beautiful museum” instead.

One added: “That house was, is and will be forever George’s house.”

George produced an array of hit singles and albums, both as part of Wham!, in his glittering solo career, and as a featured artist in series of high-profile collaborations.

He sold over 100 million records worldwide and performed in both the original Band Aid charity single in 1984 and alongside Elton John in the Live Aid concert the following year.

After his death, Spotify streams for George Michael hits increased by more than three thousand per cent. 

Source: Read Full Article