Saturday, March 26, 2011

Screen Legend Elizabeth Taylor Leaves Fortune to AIDS Charities

Cropped screenshot of Richard Burton and Eliza...Image via WikipediaThe New York Post is reporting that the late Elizabeth Taylor has left the bulk of her estate, estimated to be worth as much as $1 billion, to two HIV/AIDS charities founded by the actress, amfAR and The Elizabeth Taylor AIDS Foundation.
Her famous jewelry collection, valued at an eye-popping $150 million in 2002, is likely to be auctioned off with the bulk of the proceeds going to the Elizabeth Taylor AIDS Foundation and amfAR, the AIDS charity she helped found in 1985, according to WFLD/Fox TV Chicago.

"From what I understand, she seems to have been very wise about her investments," said a financial planner who has worked with other Hollywood A-listers.

At the time of her 1994 divorce from her last husband, Larry Fortensky, Taylor's net worth was estimated at $608.4 million. That figure could now be well in excess of $1 billion.

During the 1990s, Taylor reportedly earned about $2 per second, or about $63 million per year.

Her famed perfume, White Diamonds, earned more than $70 million last year, according to reports.

Taylor's acting career was, of course, quite lucrative and even in her later years, she was paid top dollar for film work.

The violet-eyed siren, who in 1963 commanded a then-record $1 million payout for "Cleopatra," snared $2.5 million for a small part in her last movie, "The Flintstones," in 1994.
Taylor was buried at Forest Lawn Thursday in a private ceremony attended by close friends and family. She shares a mausoleum with her close friend Michael Jackson. According to the BBC, the ceremony started 15 minutes late, in accordance with her own wishes:
"Miss Taylor had left instructions that it was to begin at least 15 minutes later than publicly scheduled, with the announcement: 'She even wanted to be late for her own funeral'," said a statement from her publicist.
There were no reports of protests by the Phelps klan, however, a public memorial will be held at a later date.
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