Michael Jackson will forever be known as the King of Pop. Now according to Forbes, he's the highest paid celebrity dead or alive of 2013.

An image of Michael Jackson is displayed on a monitor during the 52nd annual GRAMMY Awards (Photo by Frederick M. Brown/Getty Images)

Forbes recently announced Michael Jackson is the highest earning celebrity for 2013 among the dearly departed, and on top of that he out earned every living entertainer as well.

According to their calculations, MJ raked in $160 million over the past year beating out Madonna’s $125 million amongst those performers still alive.  Among the dead celebrities, the celeb to come close was Elvis Presley with a second at $55 million.

Most of Jackson’s earnings came from the two world renowned Cirque du Soleil shows based on his music. The Immortal World Tour alone has reportedly grossed $300 million and One is a massive hit at the Mandalay Bay Resort and Casino in Las Vegas.  Don't get it twisted though, Michael Jackson is still earning funds from his musical catalog as well as his publishing ownership of songs by The Beatles and others.

He was the undisputed King of Pop alive and still in his death.  Here's a look back at his 1997 History World Tour in Munich, Germany.