Kurt Cobain - Mr. Dead Moneybags

"Kurt Cobain is highest earning dead celebrity

Nirvana star made fortune last year

Nirvana frontman Kurt Cobain was the highest earning dead celebrity last year.

The grunge icon's earnings amounted to $50 million between October 2005 and October 2006.

He topped the list published by business website Forbes.com.

Elvis Presley came in at Number Two with $42 million, down from last year's $45 million.

It was Cobain's first time on the list in its six years of publication, reports CNN.

His top ranking is due to his widow Courtney Love selling a 25 per cent stake in the star's song catalogue to New York music publishing company PrimeWave.

John Lennon came fourth on the list with earnings of $24 million.

The Top Five of the morbid list looks like this:

1. Kurt Cobain
2. Elvis Presley
3. Charles Schulz
4. John Lennon
5. Albert Einstein"

-NME