London, Sep 7 - Late pop legend Michael Jackson is set to become the highest earning celebrity of 2010, with experts predicting the star will bring in an estimated $240 million in revenue.

The King of Pop's music shot back into the charts following his sudden death in June and the executors of his estate are planning to launch an official range of merchandise as well, reports contactmusic.com.

Bosses at the company behind Jackson's doomed comeback concerts in London, AEG, are set to release a movie featuring rehearsal footage for his 'This Is It' residency, and are also reportedly considering a live album and DVD.

The ventures look set to make Jackson the highest earning celebrity in 2010, ahead of Portuguese soccer star Cristiano Ronaldo, Lady Gaga and Harry Potter actors Emma Watson and Daniel Radcliffe.

Also featuring in the top ten is British supercouple David and Victoria Beckham, racing driver Lewis Hamilton, 'Twilight' star Robert Pattinson, Elvis Presley and Britney Spears, according to a survey of licensing and merchandising experts across Europe.