Jackson riches outshone by Liz Taylor's diamonds
Michael Jackson is no longer the world's highest-earning dead celebrity, according to 'Forbes'.
Elizabeth Taylor has overtaken him, pulling in $210m (€162m), much of it from the auction of her jewels.
It means Jackson's earnings are now in second place in the rich list. The singer's earnings totalled $145m (€112m), outranking Elvis Presley, who took in $55m (€42m).
It is expected that Michael Jackson will eventually move back to top spot. His estate owns a large stake in Sony's ATV catalogue, which includes artists like Taylor Swift, Lady Gaga and The Beatles.
In addition to the auction, which totalled $184m (€142m), the actress also earned $75m (€58m) from sales of her perfume. She died in 2011 at the age of 79.