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In this Thursday, Jan. 6, 2011, file photo, billionaire Eli Broad attends the unveiling of the Broad Art Foundation contemporary art museum designs in Los Angeles (AP Photo/Jae C. Hong, File)
LOS ANGELES (AP) Eli Broad, the billionaire philanthropist, contemporary art collector and entrepreneur who co-founded homebuilding pioneer Kaufman and Broad Inc. and launched financial services giant SunAmerica Inc., died Friday in Los Angeles. He was 87.
Suzi Emmerling, a spokeswoman for the Eli and Edythe Broad Foundation, confirmed his death to The Associated Press. Emmerling said Broad died at Cedars-Sinai Medical Center after a long illness. No services have been announced.
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Eli Broad, billionaire entrepreneur who reshaped L.A., dies
In this Thursday, Jan. 6, 2011, file photo, Billionaire Eli Broad attends the unveiling of the Broad Art Foundation contemporary art museum designs in Los Angeles. Eli Broad, the billionaire philanthropist, contemporary art collector and entrepreneur who co-founded homebuilding pioneer Kaufman and Broad Inc. and launched financial services giant SunAmerica Inc., died Friday, April 30, 2021 in Los Angeles. He was 87. (AP Photo/Jae C. Hong, File)
Eli Broad, billionaire entrepreneur who reshaped LA, dies
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LOS ANGELES – Eli Broad, the billionaire philanthropist, contemporary art collector and entrepreneur who co-founded homebuilding pioneer Kaufman and Broad Inc. and launched financial services giant SunAmerica Inc., died Friday in Los Angeles. He was 87.
Suzi Emmerling, a spokeswoman for the Eli and Edythe Broad Foundation, confirmed his death to The New York Times. She told the newspaper that Broad died at Cedars-Sinai Medical Center after a long illness.
It was Broad (pronounced brohd) who provided much of the money and willpower used to reshape Los Angeles’ once moribund downtown into a burgeoning area of expensive lofts, fancy dining establishments and civic structures like the landmark Walt Disney Concert Hall. He opened his own eponymous museum and art lending library, the Broad, in 2015 in the city’s downtown.
Eli Broad, entrepreneur turned philanthropist who helped create Los Angeles art scene, passes away at 87
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Eli Broad, entrepreneur turned philanthropist who helped create Los Angeles art scene, passes away at 87Reuters
Last Updated: May 01, 2021, 09:31 AM IST
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An accountant by trade who made his fortune in real estate and insurance, Broad championed and helped finance the Broad Museum of contemporary art, which opened in 2015.
LOS ANGELES: Eli Broad, the billionaire entrepreneur turned philanthropist and art collector who played an outsized role in shaping the art and cultural scene of Los Angeles, died on Friday at the age of 87.