Eli Broad and wife Edythe Broad in 2009.
Eli Broad, Los Angeles Philanthropist With Art Trove, Dies at 87
Broad built a fortune of more than $7 billion from two companies, Kaufman & Broad, the first homebuilder to trade on the New York Stock Exchange, and SunAmerica, one of the largest U.S. annuity providers.
Christopher Palmeri | May 03, 2021
(Bloomberg) -- Eli Broad, the billionaire businessman who founded two Fortune 500 companies in different industries before becoming one of America’s most prominent philanthropists and art collectors, has died. He was 87.
Broad died Friday afternoon at the Cedars-Sinai Medical Center in Los Angeles following a long illness, said Suzi Emmerling, a spokeswoman for the Eli and Edythe Broad Foundation.