The business mogul, designer and activist will accept the honor in Beverly Hills, Calif., on Sept. 18. The gala, fronted by standout TV host Melvin Robert, will also spotlight Cookie Johnson as this year's Elizabeth Taylor Aids Foundation champion.

Taylor loved sharing travel with those closest to herNEED TO KNOWElizabeth Taylor wanted to see the world, and she wanted friends and family by her side as she did Tim Mendelson, assistant to Taylor and cotrustee of her estate,

Elizabeth Taylor always had a whopping 33-carat diamond ring by her side, apart from when she left it in her hotel room.The Hollywood icon's husband, Richard Burton, purchased the stunning Krupp Diamond for his then-wife in 1968.

Elizabeth Taylor frequently traveled with her jewelry and once forgot her iconic Krupp Diamond in a hotel room. The 33 carat diamond was a gift from her former husband Richard Burton. The Krupp Diamond was later renamed the Elizabeth Taylor Diamond following her death in 2011.

The star is no stranger to a Balenciaga catwalk, but she upped the ante by wearing a priceless piece of fashion history.

Hello lovelies, I recently discovered that both Marilyn Monroe and Elizabeth Taylor shaved their face as a beauty treatment. I was so curious to see if it worked and wanted to try it myself. Marilyn Monroe and Elizabeth Taylor employed a basic grooming tool: a razor to combat undesirable facial hair.

In 1969, 13 people started camping on the Hawaii property belonging to Howard Taylor, the brother of actress Elizabeth Taylor. Soon, this small colony grew into a sprawling hippie oasis known as Taylor Camp.

Kim Kardashian made a surprise appearance on the runway for Balenciaga at Paris Fashion Week, wearing a nude lace slipdress and opulent fur coat.