New York - Elizabeth Taylor surpassed Michael Jackson as the highest-earning dead celebrity in the past year, with her estate pulling in $210m, much of it from the auction of her jewels, costumes and artwork, Forbes said on Wednesday.
Jackson, who died in 2009, dropped into second place with earnings of $145m, followed by Elvis Presley with $55m.
In addition to the Taylor auction, which totalled $184m, the actress, who passed away in 2011 at the age of 79, also earned $75m from sales of her top selling perfume White Diamonds.
"The rest of the money came from property sales and residuals from Taylor's movies," according to Forbes. "After Cleopatra, the star smartly negotiated a 10% ownership in each of her films."
Although Taylor bumped Jackson from the top spot, Forbes said the pop star is likely to regain it next year due to steady revenues from music sales and other ventures.
Cartoonist Charles Schulz, who created the Peanuts comic strip, came in at No 4 with earnings of $37m, followed by reggae star Bob Marley with $17m.
Forbes compiled the ranking by analyzing the dead celebrities' earnings between October 2011-2012.
"We count money coming into the estate and we don't deduct for how the estate handles it," Forbes said.
Films stars and musicians dominated the list but Nobel-prize winning physicist Albert Einstein tied with Marilyn Monroe for seventh place, with each earning $10m.
The 13 dead celebrities on the list earned a total of $532.5m.
See the full list on the Forbes website here.
24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.
Former Miss South Africa and former Mr South Africa, Melinda Bam and Adriaan Bergh, will tie the knot soon! Read More »
Lawyers say they are trying to resolve Shia LaBeouf's disorderly conduct case stemming from an incident at a Broadway show last month.
Read More »
Is she engaged?!
Nick felt 'trapped'.
He is super 'jealous'!
All the deets here!
That's not funny!
Another season soon!
The use of passive investment products, like Exchange Traded Funds, to deliver low-cost investment performance is taking off.
CenturionGAP ConsultingR13 000 - R15 000 Per Month
NelspruitMpumalanga Personnel & Training Consultants
AmanzimtotiGAP ConsultingR5 500 - R6 500 Per Month
HousesR 1 500 000
HousesR 2 250 000
HousesR 4 400 000