Wednesday, October 26, 2011

Michael Jackson named highest-earning dead celeb

Michael Jackson has topped the list of highest-earning dead celebrities compiled by Forbes magazine.

The King of Pop, who died in June 2009 at age 50, made more money than any other dead celebrity over the past year, according to Forbes rankings, the New York Post reported.

Jackson posthumously earned 170 million dollars over the past 12 months from sales of his back catalog, his music publishing company, Mijac Music, and his stakes in the Sony/ATV Music Publishing catalog.

The top five deceased celebrities following Jackson are Elvis Presley (55 million dollars), Marilyn Monroe (27 million dollars), "Peanuts" cartoonist Charles Schulz (25 million dollars), and a tie between John Lennon and Elizabeth Taylor, who both earned 12 million dollars.

Jackson also topped last year's list, earning 275 million dollars between October 2009 and October 2010 from record sales and his "This Is It" documentary.

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