George Michael's New Year's Eve gig may have been a smash hit, but by the end of the night it was a total wreck - literally.

Michael's New Year's Eve show ended in disaster after a large quantity of his music equipment was destroyed by a fire.

The singer - who is believed to have pocketed a staggering $2.2 million to perform at Russian billionaire Vladimir Potanin's private party - lost thousands of dollars worth of equipment when the blaze began at Potanin's Moscow estate.

A source told Britain's The Sun newspaper, "Loads of his gear was melted and some of his band's instruments were wrecked when they were covered in ash. Other kit was damaged by water from fire crews. But I reckon George's pay check should just about cover it if Mr. Potanin doesn't cough up."

Equipment destroyed by fire included a 42 inch plasma teleprompt and a variety of musical instruments. It has been reported the fire was started by a crew member experimenting with unused pyrotechnics from the show.

Michael was already on a private jet back to the U.K. when the blaze began.

The 43-year-old - accompanied by his lover Kenny Goss and a 40-strong entourage - was flown to Moscow by private jet to perform in front of 250 guests at Potanin's 20 acre estate.

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