George Michael Still Making It Big in 2024

George Michael continues to make money, despite dying 8 years ago on Christmas day.

George Michael’s company, Nobby’s Hobbies Holding, reported a profit for the year, after taxation, of £1,125,467, compared to £16,198,128 in 2023.

The report is only for the year ending March 31, 2024. It would not include earnings from the 40th anniversary release of “Careless Whisper” and “Last Christmas.”

Dividends of £1,378,699 in 2024 (compared to £3,292,210 in 2023) were approved and paid by the directors.

Interestingly, under the future developments heading, the report states: “The activity of the group will broaden in the next one to three years to include live public performances.”

Earnings came from:

• £2,992,964 from publishing income
  (compared to £20,623,079 in 2023).
• £3,534,705 from record royalties
  (compared to £2,560,287 in 2023).
• £6,260 from merchandise income
  (compared to 0 in 2023).
• £0 for Class 4
  (compared to £275,000 in 2023).
• £9,351 for Recharged income
  (compared to 0 in 2023).
• £91,559 for the Wham! Netflix documentary
  (compared to £318,856).

Nobby’s Hobbies Holdings Limited is a private company, limited by shares, registered in England and Wales.

Subsidary undertakings of the company were:

• Big Geoff Overseas Limited
• Robobuild Limited
• Wham Music Limited
• George Michael Songs Limited
• Infamy Inc.

Robobuild Limited, Big Geoff Overseas Limited, and Wham Music Limited paid donations to The Mill Charitable Trust in the amounts of £580,643, £1,410,000, and £340,000 respectively, which totals £2,330,643. The amounts donated in 2023 were £992,894, £375,000, and £500,000 respectively, which totals £1,867,894.

According to the report: The controlling party is the executors of the estate of G K Panayiotou by the virtue of its shareholding.

Nobby’s Hobbies Holding director’s report and consolidated financial statements is available here.