George Michael Net Worth
George Michael had an estimated net worth of $200 million at the time of his death. Grammy Award-winning singer George Michael was one of the leading pop stars of the 1980s and 1990s. His 1987 album ‘Faith’ won a Grammy for best album of the year. He earned most of his income from album sales, movies and concerts.
As a teenager, George Michael and his high school friend Andrew Ridgeley formed the band Wham! In 1984, the duo had their first worldwide hit with “Wake Me Up Before You Go-Go.” Two years later, Michael embarked on a solo career and released his successful debut album Faith, which has sold more than 25 million copies worldwide.
In 1998, Michael announced that he was gay after being arrested for lewd behaviour in a public restroom. Michael continued to perform and his career rebooted in the mid-2000s with the release of his greatest hits album Twenty Five. He continued to tour and donated much of his time and fortune to charity. Michael died at his home in England on December 25, 2016 at the age of 53 from heart and liver disease.
To calculate the net worth of George Michael, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$200 Million|
|Monthly Salary:||$1 Million|
|Annual Income:||$20 Million|
|Source of Wealth:||Record producer, Music Video Director, Singer-songwriter, Film Producer, Film director, Film Score Composer, Actor, Musician, Multi-instrumentalist|
Early Life and Wham!
Georgios Kyriacos Panayiotou was born on June 25, 1963, in East Finchley, London, England. He grew up in and around London, where he developed an early passion for music. He was one of the leading artists in popular music in the 1980s and 1990s.
Michael met Andrew Ridgeley in high school, with whom he shared a love of pop music, and they began playing music together. According to some, Michael and Ridgeley were an unlikely couple. Ridgeley was attractive and outgoing, whereas Michael was pudgy and shy.
After dropping out of high school, Michael and Ridgeley formed the Executive, a short-lived ska band. That band only played a few shows before disbanding, but Michael and Ridgeley quickly found success.
They signed a recording contract with Innervision Records in 1982 and became known as Wham! Fantastic!, their first album, was released in the United Kingdom in 1982 and peaked at No. 4 on the charts (it was released in the United States the following year). Wham! quickly gained a devoted following among teenage girls due to their youthful good looks.
Songs: “Wake Me Up Before You Go-Go” and “Careless Whisper”
Wham! lived up to the title of their second album, Make It Big, with their catchy, Motown-influenced sound (1984). “Wake Me Up Before You Go-Go” was their first number one hit in the United States. The ballad “Careless Whisper” and the uptempo hit “Everything She Wants” also charted at the top in the United States.
Michael also collaborated with the charity Band Aid on the holiday single “Do They Know It’s Christmas?” in 1984 to raise funds for Ethiopian famine relief. Michael and Ridgeley also contributed to Band Aid’s charitable efforts the proceeds from their hit holiday single “Last Christmas”/”Everything She Wants.”
Wham! made history a year later on April 7, 1985, when they became the first Western pop group to perform in China.
Wham! performed at Live Aid again on July 13, 1985, to raise funds for Ethiopian famine, and it was there that Michael and Elton John sang John’s classic “Don’t Let the Sun Go Down On Me,” at Wembley Stadium in London.
Michael emerged as the group’s star as the lead vocalist and primary songwriter. He didn’t take long to strike out on his own. He left the group following the release of Music from the Edge of Heaven in 1986. While it was not as successful as their previous efforts, the album contained several hit singles, including “Where Did Your Heart Go?” and “I’m Your Man.”
Michael received his first Grammy Award as a solo artist for a duet with soul legend Aretha Franklin. In 1987, their single “I Knew You Were Waiting” was nominated for Best R&B Performance by a Duo or Group with Vocal.
That same year, he made a strong debut with Faith (1987). In an attempt to shed his teen heartthrob image, he adopted a more edgy appearance, frequently donning a leather jacket and a few days’ worth of stubble. With the album, he also went in a funkier direction musically. The album reached the top of the album charts, thanks in part to the number one title track. Other chart-topping singles included “Father Figure,” “Monkey,” and “One More Try.”
Michael also sparked debate with another song on the album, “I Want Your Sex.” Because of its explicit content, some radio stations in the United States refused to play it, while others only played it late at night for the same reason. Faith went on to sell over 25 million copies worldwide and win the Grammy Award for Album of the Year in 1988, despite the censorship.
Michael continued his musical evolution by including soulful and jazz elements in his songs on Listen Without Prejudice, Vol. 1. (1990). The album included a few chart-topping singles, including “Praying for Time.” He chose not to appear in the video for “Freedom 90,” further distanced himself from his pop image. Instead, Naomi Campbell, Christy Turlington, and Cindy Crawford appeared in the video.
While Listen Without Prejudice, Vol. 1 received favorable reviews, the album only sold approximately one million copies. Michael became embroiled in a legal battle with his record label, Sony. He wanted to cancel his recording contract because he felt they had failed to properly promote the record. The conflict lasted several years, during which time Michael only released a few singles.
Michael performed “Don’t Let the Sun Go Down on Me,” his duet with Elton John, for charity in 1991. It went to No. 1 and the proceeds were donated to London Lighthouse, an AIDS hospice, and the Rainbow Trust Children’s Charity. Later that year, Michael charted with “Too Funky,” a track from the AIDS charity album Red Hot and Dance.
Finally free of his Sony contract, Michael released the album Older in 1996. The album and two tracks, “Jesus to a Child” and “Fastlove,” both reached the top ten in the United States.
Nonetheless, the album’s sales paled in comparison to his previous efforts, with some attributing this decline to Michael’s absence from the pop music scene. Michael did, however, receive several awards for his work, including Best British Male at the BRIT Awards and MTV Europe Awards that year.
Personal Life and Controversy
Michael made headlines again in 1998, but not for his music. He was arrested for lewd behavior in a men’s restroom at a Los Angeles public park. Following the incident, Michael made a television appearance in which he admitted to being gay. Over the years, there had been some speculation about his sexual orientation, but this was his first public statement on the subject.
Songs from the Last Century was his next musical release, a collection of covers (1999). While it received favorable reviews, album sales were disappointing, and it was his lowest charting album in the United Kingdom. Over the next few years, Michael released several singles, including a duet with Whitney Houston on the song “If I Told You That” in 2000.
Patience, Michael’s fourth solo album, was released in 2004. He found success on the dance charts rather than the pop charts. Both “Flawless” and “Amazing” did well with dance music fans. Following the release of this record, Michael made comments about leaving the music business, but his rumored retirement would be short-lived. A documentary about Michael’s life and career, A Different Story, was released in 2005.
Michael had another run-in with the law in February 2006, when he was arrested in London on suspicion of illegal drugs. According to Rolling Stone, the singer stated in a statement, “it’s my own stupid fault, as usual.”
A few months later, Michael announced that he would embark on his first tour in 15 years. In the United Kingdom, he also released a collection of his songs called Twenty Five. Michael’s 25th year in music was commemorated in the work, which included some new material.
Michael relaunched his career in the United States in 2008, making several appearances, releasing Twenty Five and appearing as a musical guardian angel on the television series Eli Stone. The show also included some of his greatest hits. He went on to perform on the series finale of American Idol before embarking on a national tour in the summer of 2008.
Michael released a cover of Stevie Wonder’s 1972 song “You and I” in April 2011 as a gift to Prince William and Kate Middleton ahead of their wedding.
In August of that year, the singer-songwriter began his Symphonica Tour, which ended prematurely when Michael became ill with pneumonia a few months into the series. Michael performed “Freedom! 90” and “White Light” at the closing ceremony of the 2012 Summer Olympic Games in London the following year.
After being involved in an accident on the M1 near St. Albans in May 2013, Michael, 49, was airlifted to a medical facility in London, England. Paramedics reportedly discovered Michael at the scene of the accident, and he was not seriously injured.
Michael’s personal life included a 13-year relationship with Kenny Goss, which ended in 2009. Michael began dating celebrity hairstylist Fadi Fawaz that year, which lasted until the pop icon’s untimely death in 2016. Michael was working on Freedom, a second documentary about his life, when he died. It was released in 2017.
Michael died at the age of 53 on December 25, 2016. An autopsy later revealed that the pop star died naturally as a result of heart and liver disease. On Christmas morning, Michael’s partner Fawaz discovered him dead at his home in Oxfordshire.
“It is with great sadness that we can confirm our beloved son, brother, and friend George died peacefully at home over the Christmas period,” his publicist said in a statement.
Following Michael’s death, many charities and individuals shared on social media about his generous philanthropic acts and how he frequently donated his time and much of his wealth anonymously.
The singer stayed out of the spotlight for his many acts of kindness, which included volunteering at a homeless shelter, paying for a woman’s fertility treatments, and tipping a waitress thousands of dollars to help her pay off nursing school debts.
He also gave millions of dollars to charities, including Childline, a UK-based counseling service for children. “No one outside the charity knew how much he gave to the nation’s most vulnerable children,” said the charity’s founder, Dame Esther Rantzen, in an interview with the British news outlet ITN.
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