Answer:

Michael Jackson topped the Forbes list of top-earning dead celebrities for the 5th time.

Explanation:

Forbes List of Top-Earning Dead Celebrities:
1. Michael Jackson
2. Elvis Presley
3. Arnold Palmer
4. Charles Schulz
5. Bob Marley

Michael Jackson's Achievement:
Michael Jackson, the King of Pop, topped the Forbes list of top-earning dead celebrities for the 5th time. His estate earned a whopping $60 million between October 2019 and October 2020. Even though he passed away in 2009, Jackson's popularity and music continue to generate significant revenue.

Factors Contributing to Michael Jackson's Earnings:
1. Music Sales: Jackson's music continues to sell worldwide. His albums, including "Thriller" and "Bad," are still popular and generate substantial revenue through album sales, streaming platforms, and downloads.
2. Licensing and Merchandising: The Jackson estate has been actively involved in licensing his image and music for various commercial ventures, including video games, merchandise, and memorabilia. This generates significant income.
3. Las Vegas Residency: Before his death, Jackson was planning a series of concerts in Las Vegas. Although he never performed them, his estate signed a deal with Cirque du Soleil for a Las Vegas residency show called "Michael Jackson ONE," which has been immensely successful.
4. Mijac Music Catalog: Jackson's estate also owns the Mijac Music catalog, which includes the rights to songs by other artists like Sly and the Family Stone, Ray Charles, and Elvis Presley. This catalog generates substantial royalty income.

Other Celebrities on the List:
Elvis Presley secured the second position on the Forbes list, earning $39 million. Arnold Palmer, the legendary golfer, took the third spot with earnings of $25 million. Charles Schulz, the creator of the beloved comic strip Peanuts, secured the fourth position with $32.5 million. Bob Marley, the reggae icon, rounded off the top five with $23 million in earnings.

Conclusion:
Michael Jackson's continued dominance on the Forbes list of top-earning dead celebrities is a testament to his enduring popularity and the timeless appeal of his music. Despite his untimely demise, his legacy lives on, and his estate continues to generate significant revenue year after year.