The King of Pop earned a whopping $170 million this past year.
For the second year in a row, the late Michael Jackson leads Forbes’ list of top earning celebrities after death.
Since October 2010 the King of Pop has earned a whopping $170 million from his posthumous entertainment empire. Not only does this make Michael the top-earning dead celebrity, but it makes him the second highest paid star — dead or alive– overall this year.
PHOTOS: The Life and Times of Michael Jackson
MJ’s steady influx of income this year can be attributed largely to aggressive deal-making by his estate’s executors and publishing company Mijac Music. His Cirque du Soleil show, “Michael Jackson: The Immortal World Tour,” has been a bankable hit since it premiered on October 2, grossing on average $2.5 million per night.
Jackson’s estate also earns the big bucks from his 50% stake in the Sony/ATV music catalog which includes hits from the Beatles, Elvis Presley, Eminem and others that generates approximately $50 million to $75 million a year.
The next big money-maker for Michael will undoubtedly be his new CD, “Immortal,” his second posthumous release, which hits stores November 21st.
You may like
Get The Essence Newsletter and Special Offers delivered to your inbox!