Elizabeth Taylor leaves a legacy of charity

The New York Post reports: 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.

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.

Property records show that Taylor transferred the title to her Bel Air home -- which housed her large Impressionist Art collection and was famously furnished with 18th-century antiques and Aubusson rugs -- from a trust in her name to one operated by one of her money managers.

Her last will and testament, along with all of her property, is held in a private trust, according to public records. Records show that the Elizabeth Taylor HIV/AIDS Foundation, which has raised millions over the years, has a net fund balance of about $750,000. The charity took in $257,000 in 2009 and gave out $187,000 to health causes. The charity took in $463,000 the previous year and gave out $931,000.

Below is a remarkable video of Elizabeth Taylor accepting the Vanguard Award from Carrie Fisher at the 11th annual GLAAD Media Awards in 2000:

Comments

Post a Comment

Popular posts from this blog

Sunny von Bulow dies after 28 years in coma

Image
After spending nearly 28 years in an irreversible coma, heiress and socialite Martha "Sunny" von Bulow died Saturday in a New York nursing home, according to a family statement. She was 76. Von Bulow was subject of one of the nation's most sensational criminal cases during the 1980s. Her husband, Claus, was accused of trying to kill her with an overdose of insulin, which prosecutors alleged sent her into the coma. He was convicted of making two attempts on her life, but the conviction was overturned on appeal. He was acquitted in a second trial. His retrial in 1985 received national attention. (Via CNN )
Read more

Ric Alonso resigns from pageant association after porn revelation

Image
Kevin Hogan wasn't the only person this week ambushed out of a job for his participation in the gay adult film industry. FOX News reports : Ric Alonso and his partner of 21 years, Ernie Koneck, have both been both prominent power players in the Southern California Scholarship Association — an incorporated not-for-profit association — which produces the Miss Hollywood pageant, an official preliminary to Miss California, and a feeder to Miss America. Alonso is listed as the first “major sponsor” for 2011 scholarship donations, while partner Koneck has been the pageantry point of contact and is featured in photographs alongside the smiling young sashed pageant contestants. On Tuesday, Alonso was exposed by RadarOnline as adult film actor and producer "Jake Cruise". FOX News adds: Following the revelation, Koneck announced his resignation Tuesday as Executive Director of the Southern California Scholarship Association, and said Alonso was in no way involved in the Miss Holl
Read more

Make Jerry Curl Great Again

Image
You can't consider yourself a writer if you don't write. In recent years, I have probably said those words to myself so often that they could be considered a mantra; a mantra that I don't want to embody but one that is nonetheless true. I don't write anymore. I don't write to faraway friends. I don't write to remember. I don't write for pleasure. I don't write for release. I don't even Tweet. At a recent job interview (for another job I didn't really want), I was asked what I would do for a living if I could do anything. Without even thinking about it, I said I would be a writer. But that was a stock answer. It's the answer I've always given to that question. But this time the answer felt phony. It felt forced. It didn't feel like me anymore. The real, ugly, scary truth is that I don't know if I still got the right stuff to be the writer I wanted to be. While I have always questioned the validity of my own voice (my
Read more