Elizabeth Taylor surpassed Michael Jackson as the highest-earning dead celebrity in the past year, with her estate pulling in $210 million, much of it from the auction of her jewels, costumes and artwork, according to Forbes. Jackson, who died in 2009, dropped into second place with earnings of $145 million, followed by Elvis Presley with $55 million.In addition to the Taylor auction, which totaled $184 million, the actress, who passed away in 2011 at the age of 79, also earned $75 million from sales of her top selling perfume White Diamonds.The rest of the money came from property sales and residuals from Taylor’s movies. Forbes said, “After ‘Cleopatra,’ the star smartly negotiated a 10 percent ownership in each of her films.” Although Taylor bumped Jackson from the top spot, Forbes said the King of Pop is likely to regain it next year due to steady revenues from music sales and other ventures.The 13 dead celebrities on the list earned a total of $532.5 million.