It just as much qualifies as work as manual labor. If not, why not?
If you earn money from manual labour, you're getting money from providing your skills and labour in order to do work; what you have to offer comes from you. If you instead earn money from pre-existing wealth, you're using your control of assets
external to yourself that are required to do productive work in order to skim some money off the top. What makes you a better person to decide how those assets should be used than anyone else, such that you should be able to profit from controlling that decision?