Michael Jackson is highest earning musician — dead or alive, according to Forbes

Michael Jackson's classic single glove was actually worn to cover up his skin condition of vitiligo, not to make a fashion statement. (Photo by Ebet Roberts/Redferns)

Michael Jackson's classic single glove was actually worn to cover up his skin condition of vitiligo, not to make a fashion statement. (Photo by Ebet Roberts/Redferns)

The King of Pop still reigns.

According to Forbes magazine, the late Michael Jackson has earned more money in the past year than any other musician — dead or alive.

Between June 2012 and June 2013, Jackson’s estate earned $160 million. This surpassed the second-place earner, MJ’s living rival Madonna, who made $125 million in that time span, by $35 million.

“It’s the third time in the past five years that the top-earning celebrity in the world has come from the graveyard,” reports Forbes.

According to Entertainment Weekly, Jackson’s earnings come from “two Cirque du Soleil shows — one that tours, one housed at the Mandalay Bay Hotel & Casino in Vegas — and his half of the Sony/ATV song catalog, which includes his own hits as well as tunes like ‘When a Man Loves a Woman.’”

On the list of deceased earners, Elvis Presley comes in a distant second (with $55 million), followed by Peanuts creator Charles Schultz ($37 million), Elizabeth Taylor ($25 million), and Bob Marley ($18 million).