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Jackson, who died in 2009, raked in a bumper $825 million in
earnings for the 12 months ending Oct. 1, according to estimates
from Forbes. That came mostly from the Jackson estate's $750
million sale of the late singer's remaining stake in the
Sony/ATV music publishing catalog - which includes the rights to
many Beatles songs - to Sony Corp.
Sales of Prince albums soared after the musician died of an
accidental drug overdose in April. Forbes ranked him in fifth
place overall with estimated earnings of $25 million, just below
Elvis Presley with $27 million.
Bowie, whose surprise death of cancer in January came days after
a new album release, outsold both Presley and Jackson in albums
and singles in 2016, but the British singer's overall estimated
earnings were a comparatively small $10.5 million, Forbes said.
Golf legend Arnold Palmer, who died in September at age 87,
claimed the No. 3 spot with earnings of $40 million, mostly from
licensing and endorsements of his signature Arnold Palmer iced
tea and lemonade drink, leisure wear label, and golf course
designs.
Forbes' estimates were based on pretax income, before management
and legal expenses, and were compiled through interviews with
estate experts and data on record sales, touring, and movie
earnings.
(Reporting by Jill Serjeant; Editing by Matthew Lewis)
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