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Billionaire Eli Broad dies at 87

Assahifa From Rabat 11:50 pm Et May 1, 2021 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. Broad passed away at Cedars-Sinai Medical Center in Los Angeles following a long illness, said Suzi Emmerling, a spokeswoman for the Eli and Edythe Broad Foundation. 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. He also secured the art that would become the museum s first major acquisition, the collection of Italian Count Guiseppe Biumo di Panza, now said to be worth $1 billion, according to a biography of Broad on the foundation s website.

Eli Broad, billionaire entrepreneur who reshaped LA, dies

Eli Broad, billionaire entrepreneur who reshaped LA, dies
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Eli Broad, billionaire entrepreneur who reshaped LA, dies - New Delhi Times - India s Only International Newspaper

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…

Tributes Celebrate the Legacy of Philanthropist Eli Broad for Reshaping Los Angeles

Selling SunAmerica allowed Broad to focus on philanthropy. The Eli and Edythe Broad Foundation was founded in 1999, with an endowment that eventually topped $2 billion. Over the years, the foundation invested more than $600 million in public education in the Southland and in cities including Boston, New York, Chicago, Denver and Detroit. The Broad Prize for Urban Education continues to honor school districts for academic performance, and has provided $16 million in scholarships to more than 1,200 students. Broad was also dedicated to scientific and medical research, as well as the arts, supporting scientists, museums and public schools across the country. An avid collector, The Broad museum in downtown Los Angeles houses the Broads collection of more than 2,000 artworks.

Eli Broad, billionaire entrepreneur who reshaped LA, dead at 87

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.

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