WIONNew York, NY, United StatesOct 12, 2016, 08.24 PM (IST)
King of pop Michael Jackson, was placed on top of an annual list of the top-earning dead celebrities on Wednesday for the fourth straight year.
The singer, who died in 2009, raked in $825 million in 12 months, according to a Forbes estimate, leaving behind icons like Prince and David Bowie who passed away earlier this year.
The earnings came mostly from the Jackson estate’s $750 million sale of the late singer’s remaining stake in the Sony/ATV music publishing catalog to Sony Corporation, Reuters reported.
Sales of Prince albums soared after the musician died of an accidental drug overdose in April.
Forbes ranked him in fifth place with estimated earnings of $25 million, just below Elvis Presley with $27 million.
Bowie, who died of cancer in January right after a new album release, outsold both Presley and Jackson in albums and singles in 2016, but his overall estimated earnings were a comparatively small $10.5 million, Forbes said.
Golf legend Arnold Palmer, who died in September at age 87, claimed the No. 3 spot with earnings of $40 million, mostly from licensing and endorsements of his signature iced tea and lemonade drink, leisure wear label, and golf course designs.