Victoria Beckham ‘earned £430k in a year from her music career’ despite not singing a single note

Victoria Beckham ‘earned £ 430k in a year from her music career’ despite not singing a single note

Victoria Beckham is said to have made a significant sum of money from her music career last year, despite not having sung a single note, her accounts have revealed.

The singer-turned-fashion designer, 47, reportedly bagged a whopping £ 430,000 in earnings for the year of 2020.

The Sun reports that the former Spice Girl’s music firm Moody Productions Ltd made less than £ 500,000 from the group’s back catalog and went on to pay just £ 86,000 in Corporation Tax from her earnings.

Kerching! Victoria Beckham is said to have made a significant sum of money from her music career last year, despite not having sung a single note, her accounts of her have revealed

But while Victoria has earned a tidy sum from her music, having previously banked a whopping £ 1million from endorsements, licensing deals and merchandising despite declining to rejoin the girls on their 2019 tour, the same couldn’t be said for her fashion business.

The publication reports that her company has failed to make a profit since its it first filed figures in 2016 and instead has racked up losses of more than £ 50million.

The company made a sizable loss of £ 8.6million in 2020, followed by another loss of £ 16.8million in the previous 12 months.

On the contrary, husband David, 46, looks to be doing well with his own investments, with his company Footwork Productions Ltd showing a huge £ 30.8m profit.

MailOnline have contacted representatives of Victoria for comment.

Victoria’s profits from her music career comes after the Spice Girls have reportedly been in fresh talks to headline Glastonbury as the final stop on their world tour, which is proposed for 2023.

Fresh reports state Victoria previously said she would perform with bandmates Emma Bunton, Mel C, Geri Horner and Mel B if it were at a festival.

Money talk: The Sun reports that the former Spice Girl's music firm Moody Productions Ltd made less than £ 500,000 from the group's back catalog and went on to pay just £ 86,000 in Corporation Tax from her earnings

Money talk: The Sun reports that the former Spice Girl’s music firm Moody Productions Ltd made less than £ 500,000 from the group’s back catalog and went on to pay just £ 86,000 in Corporation Tax from her earnings

And despite a source telling The Sun the influential quintet will not be reuniting for the Queen’s Jubilee as claimed last month, the girls could be set to make history on Glastonbury’s Pyramid Stage next year.

A source close to the girl band said: ‘There have been bumps in the road, particularly where Geri is concerned, but the plan is still that the girls’ world tour will go ahead next year.

‘The idea is that it will kick off in 2023, and finish at Glastonbury. Victoria has previously said that she would perform with them at the festival. So that would be the perfect way to round off the tour. ‘

MailOnline contacted The Spice Girl’s representatives for comment.

Is that a yes?!: Fresh claims state that Victoria previously said she would perform with her bandmates if it were at a festival (pictured August 2012)

Is that a yes?!: Fresh claims state that Victoria previously said she would perform with her bandmates if it were at a festival (pictured August 2012)

It was reported last month the best-selling girl group of all time had been invited to reunite for a celebratory concert to mark the Queen’s Jubilee by BBC bosses.

However, the source explained how this prospective appearance has since been ruled out, as a result of ‘different projects’, ‘logistics’ and ‘time.’

Emma Bunton – Baby Spice – and Mel B – Sporty Spice – were said to be ‘very disappointed.

‘It would have been a real honor, and that was not lost on them,’ the source added.

Ruled out: A source told The Sun that the influential quintet will not be reuniting for the Queen's Jubilee as claimed last month (pictured 1996)

Ruled out: A source told The Sun that the influential quintet will not be reuniting for the Queen’s Jubilee as claimed last month (pictured 1996)

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