Elizabeth Taylor: Who inherited the iconic star’s £500million fortune?

Princess Margaret 'took a swipe at Elizabeth Taylor' says expert

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Elizabeth Taylor entered the spotlight at just aged 12, when her role in National Velvet shot her to fame. The fashion icon was one of the most famous stars in the 1950s and had one of the most recognisable faces of her time. When she died in 2011, it was thought that she had a net worth of £500million, but who inherited it?

Elizabeth passed away aged 79 in 2011 due to congestive heart failure.

She made her fortune from her several film appearances, where she was reportedly paid a huge £800,000 for her role in Cleopatra in 1960.

Other film appearances included The Flintstones, Elephant Walk, Father of the Bride and A Place in the Sun.

When she died, the actress left behind a huge estate including property and jewellery.

Elizabeth’s adult years were marked by intense media attention surrounding her personal life, including her eight marriages.

It’s thought that when she passed, she left ex-husband Larry Fortenksy nearly £1million in her will, despite the pair having been divorced for nearly 15 years at the time.

He was also awarded £1million in their divorce.

The star also had a huge collection of jewellery filled with diamonds, emeralds from brands such as Cartier.

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The majority of her collection was sold, including a brooch which fetched over £6million during a sale of her jewellery in 2011.

It was a special piece which Elizabeth wore on one of her wedding days.

Known for her expensive taste in jewels, she also had a Le Peregrina natural pearl necklace.

The piece broke the world record for the most expensive pearl ever sold at auction, selling for a huge £10million.

The bulk of the proceeds went to Elizabeth’s AIDS Foundation, which she helped found in 1985.

In 2011, the year of her death, her personal collection sold for almost £145million through Christie’s auction.

From her marriages, the actress had four children and 10 grandchildren.

It is believed that her trust passed the majority of her assets to her children, grandchildren as well as to various charities.

One of her grandchildren, Quinn Tivey, is a trustee of Elizabeth’s estate and foundation, collectively known as the House of Taylor.

In 2019, a collection of the star’s film costumes and accessories went on auction over a three-day event.

Speaking about the event, Quinn said: “We’ve been building a private archive over the last few years…along the way, we’ve come across items that seem perfect for a sale.”

Known for her charity work, Elizabeth was a leader in AIDS activism, including her founding role in the American Foundation for AIDS Research.

It is thought that some of the actress’ wealth was left to her charity, whose headquarters are in New York.

Elizabeth Taylor: A Fierce Love airs tonight on Channel 5 and 9pm.

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