Michael Jackson named top earning dead celebrity for second year running

Singer beats Elvis, John Lennon and Jimi Hendrix after amassing £106 million

Michael Jackson has been named the top earning dead celebrity for the second year running.

The late singer’s estate amassed $170 (£106 million) between October 2010 and October 2011, beating Elvis Presley who came second with $55 million (£34.4 million), according to Forbes.com.

The latest figures were racked up from Jackson’s music and his stake in the Sony/ATV catalogue. His estate is also set to take half of the profits from the Cirque du Soleil theatrical production ‘Michael Jackson: The Immortal World Tour’, which started earlier this month in the US.

Last year the singer clocked up slightly higher figures, pulling in £173.5million. The previous year Jackson came third on the list with £34.7million.

Elsewhere, late Beatles legend John Lennon came in fifth yet again earning $12 million (£7.5 million) alongside Dame Elizabeth Taylor who made her debut in the list.

Jimi Hendrix was also up two places to ninth in the list after pulling in $9 million (£5.6 million).