Georgia May Jagger takes £500,000 loss on her skincare range after Sir Mick hinted his children will NOT inherit his $500m fortune

Georgia May Jagger recently opened up about her jet-set lifestyle, shuttling between the Venice Film Festival, the Cote d’Azur and New York on fashion assignments.

However, the 31-year-old model, daughter of Sir Mick Jagger and Gerry Hall, may have to focus on her skincare range which has racked up losses of almost £500,000, according to the Daily Mail’s Richard Eden.

He comes after Sir Mick, 80, hinted that his share in Rolling Stones‘ the back catalog will be given to charity in lieu of his children.

New accounts for her business, Catfish Soup Ltd, show the company set up six years ago is still bleeding money.

Creditors are owed almost £1.5m. If it weren’t for the £866,000 owed by debtors, the losses would have been much higher.

The paperwork says Georgia, the company’s sole director, is “pleased to continue to support the company.”

Rocker Mick said his eight children “don’t need $500m (£400m) to live on”, so it seems he has come up with another way to donate his wealth.

In an interview with The Wall Street Journal, he said that leaving money to charity could “do some good in the world.”

The Stones were forced to learn how to behave financially after facing serious ownership issues.

They still don’t own the rights to their pre-1971 catalog – which includes many of their biggest singles such as Satisfaction, Paint it Black and Jumpin Jack Flash.

The band hired accountant Allen Klein to stabilize their finances in the 1960s.

Allen worked with the Beatles and the Kinks and negotiated a lucrative contract for the Stones with Dec, but after the partnership ended he managed to retain ownership of their catalog during the years he managed them – from 1965 to 1970.

The Stones received millions of pounds in royalties – but not as much as if they owned the music outright.

Bad news: New accounts for her business, Catfish Soup Ltd, show the company set up six years ago is still leaking money

Great ideas! It comes after Sir Mick, 80, hinted that his share of the Rolling Stones’ catalog would be given to charity instead of his children

Other music stars have sold the rights to their work in recent years, including Bruce Springsteen, Paul Simon and Sting. No decisions have been made about the Stones’ catalog.

While Meek may be worried about what will happen to his money when he’s gone, he recently said that their music could live on for a lot longer

This week he discussed the possibility of The Rolling Stones outliving his life with the rise of AI technology in the music industry.

The frontman discussed the possibility of a ‘posthumous tour’ with AI avatars depicting himself and his bandmates on stage.