Elvis Named Top Earning Dead Celebrity

NEW YORK (AP) -- Elvis Presley is still the King.

Presley, who earned an estimated $49 million in the past 12 months, has reclaimed the No. 1 spot on Forbes.com's list of Top-Earning Dead Celebrities.

Presley has held the top of the list since it started in 2001, except for last year, when Nirvana front man Kurt Cobain took over with $50 million earned.

John Lennon ranks second with earnings of $44 million.

Presley died in 1977. His estate continues to generate millions from music royalties, DVDs, licensing deals and tourism at Graceland, the rocker's mansion in Memphis.

(Copyright 2007 by The Associated Press. All Rights Reserved.)