Taylor’s cardiac problems landed her in the hospital at Cedars-Sinai in Los Angeles early that year (according to the Los Angeles Times). Taylor passed away there from congestive heart failure on March 23rd, 2011. Her last moments were spent in the company of her four children: Christopher and Michael Wilding, Liza Todd, and Maria Burton.
She was also the grandmother of ten as well as the great-grandmother of four. Given her huge family, it was initially unclear who would receive what portion of her enormous wealth and whether or not her philanthropic work would continue. She is an avid donor, having amassed almost $270 million for her own charity.
Elizabeth Taylo Net Worth
When she passed away, British-American actress Elizabeth Taylor was worth an estimated $600 million. Elizabeth Taylor was a humanitarian figure and one of Hollywood’s biggest names in the 1950s and 1960s. She began her career as a child star in the 1940s, went on to win multiple awards for her acting in the 1960s, and was widely known even up until her death in 2011.
Taylor’s life was just as dramatic away from the spotlight, with the star being recognized for her eight marriages, her battles with different illnesses, and her countless acts of charity.
Elizabeth Taylor Was a Shrewd Businessperson
There was no stroke of luck involved in Elizabeth Taylor’s meteoric rise to wealth. She became wealthy through a series of astute choices in her professional and entrepreneurial endeavors. Forbes claims that Taylor was the first actress to be paid $1 million for a single performance.
She had asked for so much money and had so many demands on the set of the film “Cleopatra” that she thought the studio would walk away. Twentieth Century Fox nearly went bankrupt after agreeing to her terms because of her star power and the subsequent demand for her services.
Taylor made a number of investments that paid off well in the long run. She recently made a land purchase in Mexico’s Puerto Vallarta. Even though all she did was show up, the value of that empty oceanfront lot skyrocketed into the millions.
She was also a serious art collector, with works by Picasso, Van Gogh, and Monet among her holdings. The fact that she bought so much of it before the 1980s art bubble, which The New York Times termed “the biggest art boom in history” in 1990, just adds to the collection’s overall impressiveness.
Taylor’s Grandson is a Key Figure in Family Trust
Taylor also intended to liquidate some of her possessions before she passed away. Much of her jewelry collection was sold at auction by Christie’s in December 2011 for an astounding $156.8 million. The sale benefited Elizabeth Taylor’s charitable trust, which received a percentage of the revenues. “I think she would be happy to know that her collections will continue to enrich the lives of those who have acquired pieces,” her son Chris Wilding said.
More of Elizabeth Taylor’s private belongings were sold at auction this year. Many of Taylor’s costumes, clothes, and accessories were included in the event, giving fans a rare opportunity to acquire a piece of fashion history. The caftan, Taylor’s trademark garment, was represented in a wide variety of iterations at the auction (thanks to Julien’s).
As Taylor’s grandson, Quinn Tivey, explained to The Hollywood Reporter, “Along the way, we’ve come across items that seem perfect for a sale” while compiling an archive of her life and career. Tivey joined the board in 2016; he is the son of Liza Todd Taylor and the artist Hap Tivey. Barbara Berkowitz, Taylor’s attorney, and Tim Mendelson, Taylor’s former assistant, are also trustees.
Taylor was Tivey’s ordinary grandmother when he was a kid. He reflected on their time together, saying, “We watched movies and talked and she gave me advice.” He is now a trustee and is responsible for protecting her acting and humanitarian legacy.
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Taylor’s Death and Legacy
Taylor suffered from bone fractures and near-fatal bouts of pneumonia, among other ailments and diseases, throughout her life. She was a heavy smoker who developed an addiction to booze and painkillers before her back gave up and forced her to use a wheelchair.
Taylor, who was 79 years old when he died in 2011, went away in the hospital from congestive heart failure six weeks later.
Taylor’s legacy lives on, and her work has made her an icon for the LGBTQ community. In addition to her Oscars, she also has the Presidential Citizens Medal for her humanitarian efforts.
She was also named a Dame Commander of the Order of the British Empire and presented with the AFI Life Achievement Award, the Cecil B. DeMille Award, and a Screen Actors Guild honorary award. Taylor was ranked as the 7th greatest female film legend by the American Film Institute in 1999.
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