October 29, 2008 14:35

Elvis Presley tops list of wealthiest dead celebrities

The King is making more then some live stars

Elvis Presley tops list of wealthiest dead celebrities
Elvis Presley is the highest earning dead celebrity in a list compiled by Forbes.com.

The singer came top for the second year in a row aided by the 30th anniversary of his death in August 2007, which saw his estate take $52 million last year - thanks to new ventures including the Elvis Sirius Satellite Radio show, merchandise and visitors to his Memphis home Graceland.

Presley even outdid hard-working, still-living musicians like Justin Timberlake and Madonna in the financial stakes, who raked in $44 million and $40 million respectively.

Other musicians on the list include Marvin Gaye at 13 with $3.5 million and the John Lennon estate, which came in at Number Seven, earning $9 million last year - the majority of which went to anti-war charities.

Presley has sat in the top spot for six of the seven year-history of the study, with only Kurt Cobain topping him in 2006 - on the strength of a new publishing deal for his back catalogue and the release of Nirvana rarities box set 'With the Lights Out'.

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