Michael Jackson Makes Top-Earning Dead Celebrity

By Tony Nwanne

Late American singer, Michael Jackson has remained the top-earning dead celebrity in the world.

Even though, he has been dead almost eight years, the late singer still makes money.

Jackson, who died in 2009 at the age of 50, made $825m (£615m), according to Forbes’ top-earning dead celebrities list for 2016.

The late pop singer has topped the list every year since his death, apart from coming second to Elizabeth Taylor in 2012.

The growth in his fortune was largely due to the $750m (£616m) sale of his half in the Sony-ATV Music Publishing catalogue.

Second on the list was Peanuts creator and cartoonist Charles M Schulz, who earned $48m (£39.5m) in the last year, followed by late golfer Arnold Palmer, with $40m (£33m), most of which was earned while he was alive – he died just days before the Forbes cut-off date.

Prince and David Bowie, who died in the first half of this year, were new entrants, with Prince at number five with $25m (£20.5m) and Bowie at 11th place on $10.5m (£8.6m).

When compiling the list, Forbes estimated the pre-tax income of the celebrities between 1 October 2015 and 1 October 2016 from a variety of sourcing, including estate experts, before taking away expenses for agents, managers and lawyers.

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