I was reading an interesting blog on royalties and their value to estates after the death of the creator of the work.
The author, Peter J. Reilly, cited a recent Forbes list that indicated among other things that the JRR Tolkien estate is good for $7 million dollars annually. The blog focused on the J.D. Salinger estate and the steps that J.D. Salinger took to keep his writings from being exploited after his death.
After reading the blog, I Googled and found a video from a Forbes writer wherein she provided the amounts that the 5 largest celebrity estates earned from October 2011 until October 2012. I found that taking a look back at this list was very interesting, and worth sharing.
Number 5, and this is mellow to the extreme, was Bob Marley at $17 million; Number 4, and this is not peanuts was the Charles Schulz estate at $37 million; the Elvis Presley estate garnered $55 million which is pretty good for the Mississippi crooner; the Michael Jackson estate, which will be number one when the new rankings come out had to settle for number two at $145 million dollars because the number one estate was Elizabeth Taylor estate at $210 million. That included much more than the monies from her fragrance and had to “smell” great to her estate’s beneficiaries.
It is amazing the amount of money that some celebrities’ estates generate after death.
Estate Planning and Probate Attorney, Manhattan Beach Local, Sports Enthusiast