Philanthropist and art collector Eli Broad dies at age 87
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LOS ANGELES - Businessman, philanthropist and art collector Eli Broad, who left an indelible imprint on Los Angeles' cultural scene, died Friday. He was 87.
Broad died at Cedars-Sinai Medical Center following a long illness, according to Suzi Emmerling, spokeswoman for the Eli and Edythe Broad Foundation.
A New York native, Broad parlayed a loan from his in-laws into a homebuilding empire with partner Donald Kaufman that began in Detroit in the late 1950s but migrated to Los Angeles in 1963. That company, Kaufman and Broad Home Corp., grew into what is now known as KB Home.