Dead rich Elvis Presley

30-10-2007 15:00

Elvis Presley has been named the top earning dead celebrity of 2007.The king of rock'n'roll earned $49 million in royalties between October 2006 and October 2007 placing him at the top of this year's Forbes.com 13 richest deceased stars.Nirvana frontman Kurt Cobain made his debut in the list last year at number one, knocking Elvis from his top spot for the first time ever, but this year he failed to be placed at all. Last year, Cobain's widow Courtney Love sold his song rights, boosting his annual earnings to a phenomenal $50 million.Elvis' earnings have continued to rise since he first topped the list in 2001 with $35 million. In 2006 he earned $44 million.Beatles legend John Lennon was second this year with earnings of $44 million, while Snoopy cartoonist Charles M. Schulz was placed third with $35 million.Steve McQueen was a new addition to the list this year, earning $6 million.