GEORGE Michael’s music companies have rocketed in value by almost £3 million in the three years since the star’s tragic death.
The money comes from royalties for the late singer’s songs, showing his tracks remain hugely popular with fans.
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And their soaring profits come although there has been no attempt to ‘cash in’ on his death – with only a re-issue of the album Listen Without Prejudice Vol 1 in 2017.
One of George’s companies – Big Geoff Overseas Limited – saw its value rise by £1.3 million from £700,000 to £2 million in 2018.
Wham Music Limited – which was controlled outright by Careless Whisper singer George – added an extra £1 million to its value, rising from £500,000 to £1.5 million.
And his firm Robobuild Limited went up by just under £600,000 rising from £565,000 to £1.1 million.
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And more cash is likely to poor into the companies later this year when a soundtrack to a new film made by Emma Thompson and inspired by the Wham! song Last Christmas is released.
The companies formed part of George’s £98 million will which was revealed earlier this year, with most of the money will ultimately go to his sisters Yioda, 57, and Melanie, 55, who were the main beneficiaries of his will.
And the loyal star’s family are likely to benefit further from the success of his businesses.
George died aged 53 on Christmas Day 2016, when he was found lifeless in bed by on-off lover Fadi Fawaz.
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One financial expert said: “George’s untimely death has had the effect of increasing sales and royalties of his songs. The fact that it is so much three years after his death shows the popularity of his music.
“There is no reason why this level of earnings won’t continue for some time.”
Singer-songwriter George sold more than 80 million albums worldwide in his career making him one of the best-selling artists ever.
