I suspect that this has something to do with the competitive nature of human beings. Publicly praising/endorsing a famous living person on one hand gives him more power, and on the other hand encourages antagonism from the detractors/enemies/competitors of that person because praising/endorsing someone is an act of aligning with that person.
Giving power to others is not something human beings naturally want to do. Neither is inviting opposition. When the subject of the praise or endorsement is dead, the whole equation changes. Dead people have no power over you, and whatever enemies or competitors they used to have are usually no longer opposed to them.
Just my two cents. It would be interesting to have a way to test this theory.
Really, the man made an impact on everyone. I wonder why it took until he died for everyone to realize it?