TORONTO (Fortune) -- Is reggae superstar Bob Marley bigger than Jesus? That's debatable, but the music legend who died 28 years ago is about to challenge Elvis Presley and Michael Jackson for the title of richest dead celebrity.
Toronto-based private-equity firm Hilco Consumer Capital has struck a management deal with the Marley estate, which is expected to generate worldwide annual sales in excess of $1 billion by 2012. That seems like a huge number, but by some estimates the Marley name, sound, and image already generate as much as $600 million in pirated merchandise.
"Marley is a strong global brand," says Mickey Goodman, a professional marketer and professor at New York University's Stern School of Business. "He enjoys a high level of awareness, and people feel positive about his music."
