Liz Taylor Leaves Estate To AIDS Charities
Most of Elizabeth Taylor's massive fortune will go to the two AIDS charities with whom she was most famously associated.
Screen queen Elizabeth Taylor has left behind a fortune worth at least $600 million, much of which is expected to go to the AIDS charities she championed for decades. 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.Our hero, even in death.