Mel C earned £1 million recently through royalties and solo work, but Victoria Beckham's beauty and fashion business has reached a £7.3 million operating profit.. The financial records of all five Spice Girls reveal a wide gap between music royalties and entrepreneurial success.
The £104 foundation driving Victoria Beckham's £7.3 million profit
Victoria Beckham has successfully transitioned from pop stardom to luxury commerce, with Victoria Beckham Holdings reporting a £7.3 million operating profit. According to the report, this surge was largely fueled by a £104 foundation makeup product that generated a waitlist of 25,000 customers and sold out almost immediately upon launch.
The growth of Victoria Beckham's empire is not a one-time spike but a sustained trend. Revenue for the fashion and beauty brands climbed 15 per cent to £129.8 million, up from £112.7 million in 2024. This marks the fifth consecutive year of double-digit growth for the company, a significant turnaround after the business recorded a revenue loss of £1.6 million just last year.
How £600,000 in royalties sustain Mel C and Geri Halliwell
While Victoria Beckham focuses on retail, other members of the group continue to leverage the enduring legacy of the Spice Girls. Mel C, known as Sporty Spice, earned £600,000 in royalties from the group, supplemented by £550,000 from solo DJ performances in Australia, Ibiza, and the UK via her company Red Girl Media Ltd.
Geri Halliwell follows a similar pattern of diversified income. Filings for Geri Halliwell's company, Wonderful Productions, show she earned over £860,000 in 2024 through royalties, bringing her total business earnings to £2.16 million. Beyond music, Geri Halliwell maintains interests in real estate, children's authorship, and a race horse company alongside her husband, Christian Horner.
Emma Bunton's £185,006 tax battle with HMRC
The financial trajectory of Emma Bunton has been complicated by disputes with the UK tax authorities. as reported in the source,Emma Bunton was involved in a legal fight with HMRC over her share of the £60 million generated by the Spice Girls' 2019 reunion tour. While Emma Bunton received nearly £3.93 million from the 13 sold-out UK dates, she faced a surprise tax bill of £185,006 after having already paid £748,014 in corporation tax.
This dispute came after Emma Bunton placed her show earnings company into voluntary liquidation in 2021. although the legal battle was high-profile, Emma Bunton ultimately resolved the matter in her favor by late 2024, protecting a net worth estimateed at approximately £22.5 million.
From £700 to a £2.2 million estate: Mel B's financial pivot
Mel B's financial history serves as the most volatile of the group.. Following a split from ex-husband Stephen Belafonte, Mel B faced severe financial distress, paying a £274,000 lump sum and monthly child support of £3,900. The financial strain was so acute that Mel B sold her Hollywood home and moved into her mother's bungalow in Leeds, claiming she had only £700 remaining.
However, Mel B has since staged a significant recovery. By 2021, she had banked £1 million through her company, and she recently invested £2.2 million in a property spanning 11 acres of land. This recovery was aided in part by the 2019 reunion tour, which provided a critical financial lifeline during her period of instability.
The missing revenue from Mel C's 'Sweat' album and world tour
Despite the detailed accounts provided for Red Girl Media Ltd, several key financial variables remain unknown. The current figures for Mel C do not account for the income from her newly released album, Sweat,nor the projected earnings from her solo world tour starting in October. It remains unclear how these upcoming ventures will compare to her current £1 million annual earnings .
Furthermore, while the report mentions Geri Halliwell's race horse and real estate ventures, it does not provide specific profit margins for these non-music assets. The source focuses heavily on the music royalties and Victoria Beckham's beauty line, leaving the exact valuation of Geri Halliwell's broader portfolio unverified.
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