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.

The acting great, who passed away earlier this week at the age of 79, had been heavily involved in fundraising to fight the virus during the later years of her life. In addition to helping co-found the American Foundation for AIDS Research (amfAR), Taylor also formed her own foundation, the Elizabeth Taylor AIDS Foundation, with a focus on direct services for people living with AIDS around the world.

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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Michael d'Estries ( @michaeldestries ) covers science, technology, art, and the beautiful, unusual corners of our incredible world.

Elizabeth Taylor's $600M estate to benefit charity
According to sources, the bulk of wealth left behind by the famous actress will likely go to her AIDS foundation.