Michael Jackson tops Forbes 2016 list of highest-earning dead celebs
Wednesday, 19 October 2016 - 9:35
In 1985, Michael Jackson paid over $47 million for a music publishing catalog that included most of The Beatles' signature tunes.
That investment reaped dividends for his estate and made Jackson the largest-earning dead celebrity for 2016, according to the annual list compiled by Forbes.
The remaining portion of that catalog assigned to Jackson was sold in March to Sony for $750 million. His pretax payday for the 2016 period was $825 million- the largest annual earning mark for any celebrity dead or alive, according to the publication.
Peanuts creator Charles Schultz was second on the list with $48 million. His estate's earnings were powered by the release of "The Peanuts Movie" last year.
Arnold Palmer, who passed away earlier this month, was third with $40 million, followed by Elvis Presley ($27 million) and Prince ($25 million).
The rest of the top 10 includes Bob Marley ($21 million), Theodor "Dr. Seuss" Geisel ($20 million), John Lennon ($12 million), Albert Einstein ($11 million) and Bettie Page ($11 million).