The beloved music icon, who passed away on Christmas Day following heart failure, was godfather to many of his celebrity friends' children.
The Daily Mirror claim that the 53-year-old is said to have left his £100million estate (worth approx $170, 643, 200) to Geri Horner's daughter Bluebell, who was the Goddaughter of his ex-boyfriend Kenny Goss, and his Wham! bandmate Shirlie Holliman two kids with Spandau Ballet bassist Martin Kemp, Roman and Harley Moon Kemp.
Also including in the singers will will be many charitable organisations, including Childline, the Terrence Higgins Trust and Macmillan Cancer Support.
George is believed to have also included his older sisters, Melanie and Yioda, his boyfriend Fadi Fawaz and his cousin Andros' two children, to whom he is also a Godfather, are also expected to be named in his will.
George's incredible fortune also includes his four properties, his Oxfordshire cottage where he lost his life, a mansion in London and homes in New York and Sydney.
Martin Kemp took to Twitter expressing his sorrow about the tragic loss.
"My whole family and I are devastated at the loss of our beautiful friend Yog! We will miss him so much! We are all heartbroken!"
While the Spandau Ballet bassist's son, Roman, mused, "The man who toured the world with my mum; her best friend. The man who introduced my parents; who forced my mum to call my dad. The man that took me and Harley around the world; just to see us smile. The man we all love. We love you Yog."
The 53-year-old was beloved by millions across the globe. As stars and fans remember the charitable music legend, many have recalled his incredible friendship with England's rose, Princess Diana.
George, who came out one year after the royal's death in 1998, was rumoured to be more than friends with Diana.
Speaking of his bond with Prince Harry's mother, George told The Huffington Post in 2009, “I was invited to the Palace many, many times before I actually met with her because I was so afraid of the publicity if we did become friends."
“And when we did meet, I think we clicked in way that was a little bit intangible, and it probably had probably more to do with our up bringing than anything else. She was very like a lot of women that have been attracted to me in my life because they see something non-threatening," he mused.
"Maybe because I take care of my sisters and I’m so protective of my sisters, women seem to smell that. So women who had a hard time growing up or feel that they were not… you know… when I was still sleeping with women my God it was absolutely all of the time.”
In fact the singer knew Princess Diana was very attracted to him, revealing, "There were certain things that happened that made it clear she was very attracted to me. There was no question," before adding they never got intimate because it "would have been a disastrous thing to do.”
George passed away at the age of 53 on Christmas day.
“It is with great sadness that we can confirm our beloved son, brother and friend George passed away peacefully at home over the Christmas period,” the singer's publicist said in a statement.
“The family would ask that their privacy be respected at this difficult and emotional time.”