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Developer and LA Philanthropist Eli Broad Dies

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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Developer and LA Philanthropist Eli Broad Dies

Developer and LA Philanthropist Eli Broad Dies
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Eli Broad, billionaire who helped shape the cultural life of L.A., dies at 87

He became one of the country’s most prominent philanthropists in the arts, sciences and education. ....

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Eli Broad, who helped reshape the cultural landscape of Los Angeles, has died, aged 87

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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