On this date in 1992, the track rose from No. 3 to No. 1 on the Billboard Hot 100 chart, surpassing the performance of Elton's original studio version, which peaked at No. 2 in 1974.
The duet became the eighth No. 1 single for each artist (not counting two other chart-toppers that Michael scored as part of Wham! in 1984-'85.)