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:

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