Michael Jackson named richest dead celebrity by Forbes

American pop-star Michael Jackson performs during his "HIStory World Tour" concert in Vienna in July 2, 1997. Jackson regained the title of the highest-earning dead celebrity in the past year. (Reuters)

The King of Pop, who died in June 2009, has landed the first place on Forbes’ recently released Top-Earning Dead Celebrities List.

Michael Jackson is estimated to have earned $160 million, leading him to the top place of the list, according to the financial magazine’s list, which looks at the stars’ earnings from October 2012 to October 2013.

A large part of Jackson’s money comes from the two Jackson-themed Cirque du Soleil shows as well as his shares in Sony’s catalog and his own music, according to Forbes.

“The King of Pop reclaims his postmortem cash crown after ceding it last year to pal Elizabeth Taylor. He earned the bulk of his bucks from two Cirque du Soleil shows, his Mijac Music catalog, recorded music sales and his half of the Sony/ATV publishing empire—which includes the copyright to hits by the Beatles, Lady Gaga, Eminem and Taylor Swift, among others,” Forbes reported.

The Pop Star easily surpasses Elvis Presley who comes second with $55 million and cartoonist Charles Schulz who is positioned third with an estimated $37 million.

Jackson, who died more than four years ago, after a lethal overdose of anesthetic drugs to help him sleep, regained the top spot in the Forbes Top-Earning Dead Celebrities List after being pushed into second place by actress Elizabeth Taylor last year.

Jackson, not only topped this year’s Forbes list of the richest dead celebrities, but also overcame Madonna who occupied the same place for the equivalent list of alive celebrities.

It is the third time in the past five years that the top-earning celebrity in the world has been dead.

The King of Pop may be gone, but he definitely is not forgotten.

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Last Update: Wednesday, 20 May 2020 KSA 09:41 - GMT 06:41
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