Eli Broad, during the construction of The Broad museum. (Getty)
Eli Broad, who founded a multibillion-dollar homebuilding firm and went on to become one of Los Angeles’ most influential and prolific philanthropists, died Friday at 87.
He amassed a nearly $7 billion fortune and gave away an estimated $2 billion to support the arts, medical research, education and other endeavors, according to the Los Angeles Times and Associated Press.
“Eli Broad, simply put, was L.A.’s most influential private citizen of his generation,” Los Angeles Mayor Eric Garcetti said following news of Broad’s death.
In the late 1950s, Broad partnered with contractor Donald Kaufman on a homebuilding venture in Detroit’s suburbs, calling their company The Kaufman & Broad Building Company. That company is now industry behemoth KB Home.
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