Forbes said on Wednesday five years after his death, singer Michael Jackson is generating a fortune and is the top-earning dead celebrity, raking in an estimated $140 million in the past year for his estate. He earned more than twice as much as singer Elvis Presley, who died in 1977 and came in second with $55 million, and three times more than cartoonist and Peanuts comic strip creator Charles Schulz, who took third place with $40 million.