Billionaire property and Sun Life insurance mogul turned arts mega-donor Eli Broad dies aged 87
Broad was the only child of Lithuanian Jewish immigrants, with his family moving to Detroit when he was seven
Broad passed away at Cedars-Sinai Medical Center in Los Angeles on Friday
His spokesman said he had suffered a long illness prior to his death
Broad made his billions money in property and insurance
He then lavished hundreds of millions on good causes, including two art museums
Eli Broad, magnate and philanthropist who gave tens of millions to MSU, dies at 87
Eli Broad, magnate and philanthropist who gave tens of millions to MSU, dies at 87
Staff and wire services
AP
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, the billionaire businessman who founded two Fortune 500 companies in different industries and became a dominant philanthropic figure in Los Angeles and longtime donor major to his alma mater Michigan State University, has died. He was 87.
Credit steve carmody / Michigan Radio
Eli Broad, a Michigan State University alumnus who became a billionaire philanthropist and contemporary art collector, has died. He was 87.
Suzi Emmerling, a spokeswoman for the Eli and Edythe Broad Foundation, confirmed his death to The Associated Press. She said Broad died at Cedars-Sinai Medical Center after a long illness.
After graduating from MSU in 1954, Broad co-founded homebuilding pioneer Kaufman and Broad Inc. and launched financial services giant SunAmerica Inc, both Fortune 500 companies.
Broad left his mark on the East Lansing campus with the business school and art museum that bear his name, as part of more than $100 million he donated to Michigan State.
Eli Broad, magnate and philanthropist who gave generously to MSU, dies at 87
Eli Broad, magnate and philanthropist who gave generously to MSU, dies at 87
Staff and wire services
AP
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, the billionaire businessman who founded two Fortune 500 companies in different industries and became a dominant philanthropic figure in Los Angeles and longtime donor major to his alma mater Michigan State University, has died. He was 87.