The King of Pop continues to dominate even in death, as Michael Jackson claimed the top spot on Forbes’ list of highest-paid deceased celebrities in 2024, raking in a staggering $600 million. The global success of MJ: The Michael Jackson Musical—particularly its international touring version—has been a massive contributor to this financial triumph.
In fact, ticket sales for the Hamburg, Germany production, set to open in 2025, are already soaring, with predictions that it could become the show’s largest market. Meanwhile, additional productions in London, Las Vegas, and a U.S. tour are generating $6 million weekly, further solidifying Jackson’s enduring legacy.
Beyond the musical, Jackson’s estate achieved a landmark legal victory in August when a judge approved the $600 million sale of his music catalog and masters’ rights to Sony. Despite objections from his mother, Katherine Jackson, this deal marked a pivotal moment in the estate’s growth. Since his death in 2009, Jackson’s estate has reportedly earned over $3.3 billion, a figure that shows the global appeal of his music and brand.
From being nearly $500 million in debt at the time of his passing, Jackson’s estate has grown exponentially to an estimated value of over $2 billion as of 2024.
This remarkable turnaround stems from strategic projects, including revenue from his music catalog, merchandise, licensing, and other ventures. Jackson’s attorney, John Branca, has been instrumental in ensuring his legacy remains not only relevant but also highly profitable.
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Jackson’s influence extends beyond financial success; his legacy as a cultural icon and humanitarian endures. Known for using his platform to advocate for global issues like poverty, disease, and environmental conservation, Jackson’s impact resonates far beyond the stage.
The 2024 Forbes list also highlighted other music legends who continue to earn posthumously. Queen’s Freddie Mercury returned to the rankings with $250 million, thanks to the band’s $1 billion music catalog sale to Sony. Bob Marley saw a resurgence with $34 million in earnings, fueled by the release of Bob Marley: One Love and new cannabis branding ventures. Even non-musicians like Matthew Perry, whose sitcom royalties continue to generate millions, made the cut.
Jackson’s ongoing reign at the top proves that his title as the “King of Pop” is more than fitting. His music, cultural influence, and philanthropic legacy ensure that he remains a global icon, captivating fans and generating substantial wealth even 15 years after his passing.
