Nirvana frontman Kurt Cobain was the highest earning dead celebrity last year.
The grunge icon’s earnings amounted to $50 million between October 2005 and October 2006.
He topped the list published by business website Forbes.com.
Elvis Presley came in at Number Two with $42 million, down from last year’s $45 million.
It was Cobain’s first time on the list in its six years of publication, reports CNN.
His top ranking is due to his widow Courtney Love selling a 25 per cent stake in the star’s song catalogue to New York music publishing company PrimeWave.
John Lennon came fourth on the list with earnings of $24 million.
The Top Five of the morbid list looks like this:
1. Kurt Cobain
2. Elvis Presley
3. Charles Schulz
4. John Lennon
5. Albert Einstein