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The philanthropist Eli Broad Ryan Miller © Capture Imaging Eli Broad, the billionaire art collector, businessman and philanthropist who played an outsize role in transforming the cultural landscape of Los Angeles, has died, aged 87. Among other ambitious undertakings, he co-founded the art institution known as the Broad which has become one of the most popular museums on the West Coast with his wife Edythe, who survives him along with their two sons. The Eli and Edythe Broad Foundation said he died on Friday at a Los Angeles hospital and did not specify a cause. Broad amassed his fortune through his real estate and insurance businesses, and as a philanthropist, his imprint on the arts in Los Angeles is unparalleled. In the 1970s he was the founding chairman of the Museum of Contemporary Art (MOCA), and in 2008 he gifted the institution $30m to bail it out financially. He referred to the moment as MOCA’s “rebirth”.

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