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Michael Jackson is Forbes' highest-earning dead celebrity

By Ray Downs
Michael Jackson announces his summer concert dates at a press conference at O2 Arena in London on March 5, 2009, just months before his death. Eight years later, he is the highest-earning dead celebrity of 2017. File Photo by Rune Hellestad/UPI
1 of 3 | Michael Jackson announces his summer concert dates at a press conference at O2 Arena in London on March 5, 2009, just months before his death. Eight years later, he is the highest-earning dead celebrity of 2017. File Photo by Rune Hellestad/UPI | License Photo

Oct. 30 (UPI) -- Michael Jackson has been dead for more than eight years, but the King of Pop is still topping charts as Forbes' highest-earning dead celebrity of 2017, the publication announced Monday.

Jackson's estate earned more than $75 million this year -- the fifth year in a row Jackson topped Forbes dead celebrity list. The lucrative year was boosted by an animated Halloween special on CBS, a new compilation album released last month and an ongoing Cirque de Soleil tribute show, among other business ventures.

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The estate recently underwent a $1 billion turnaround, Billboard reported, going from $500 million in debt to $500 million in cash.

Other dead celebrities that made the top five on the Forbes list were Arnold Palmer, who died last year but still earned $40 million in 2017 through golf apparel and Arizona beverages; Peanuts creator Charles Schulz, who earned $38 million with MetLife using his characters in advertisements; Elvis Presley, who continues to attract fans to Graceland; and Bob Marley, whose estate has used his likeness on audio products and beverages.

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Another dead celebrity to make the list is Albert Einstein at No. 10, whose estate earned $10 million from companies using his likeness on an array of products, including posters and tablets.

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