Elizabeth Taylor's $600M estate to benefit charity
The bulk of Taylor's wealth will go to her AIDS foundation, according to sources.
Fri, Mar 25 2011 at 1:17 PM
If the rumors turn out to be true, the fight against HIV/AIDS is about to get a massive injection of funds, courtesy of the late Elizabeth Taylor.
According to the NY Post
, the actress' net worth back in 1994 was valued at just over $600 million, a number that could easily be north of 1 billion today. The bulk of that cash is expected to benefit amFar and her own foundation — with her famous jewelry collection alone potentially raising more than $150 million at auction.
"Elizabeth was very smart with her money," a financial advisor close to the actress told Fox News
. According to the site, Taylor "invested wisely in Los Angeles and other Southern California real estate, plus carefully followed and prudently and relatively conservatively invested in the stock market."
The movie icon was buried yesterday at Forest Lawn Memorial Park in Glendale, Calif. In remembrance, Broadway will honor Taylor by dimming its lights tonight at 8 p.m. for one minute.
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