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Billionaire Developer and Philanthropist Eli Broad Dies: 'He Saw the Potential in Each of Us'


Billionaire Developer and Philanthropist Eli Broad Dies: He Saw the Potential in Each of Us
People
8 hrs ago
Billionaire developer and philanthropist Eli Broad has died. He was 87.
The entrepreneur died at Los Angeles Cedars-Sinai Medical Center on Friday after a long illness, Suzi Emmerling, a spokeswoman for the Eli and Edythe Broad Foundation, confirmed to the Associated Press.
As a businessman Eli saw around corners, as a philanthropist he saw the problems in the world and tried to fix them, as a citizen he saw the possibility in our shared community, and as a husband, father and friend he saw the potential in each of us, Gerun Riley, president of The Eli and Edythe Broad Foundation, told  ....

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Billionaire developer Eli Broad dies at 87


Billionaire developer Eli Broad dies at 87
Dennis Romero
© Provided by NBC News
Billionaire developer and arts patron Eli Broad, who helped put Los Angeles on the high-culture map, died Friday, a spokeswoman said. He was 87.
He died Friday at Cedars-Sinai Medical Center after a long illness, said Suzi Emmerling, spokeswoman for the Eli and Edythe Broad Foundation.
Broad founded homebuilder KB Home and acquired life insurance and financial services company SunAmerica Inc. Both became Fortune 500 companies, feeding his estimated $6.9 billion net worth and helping to make him a power player in L.A. culture and politics.
With his wife, Edythe Broad, he made donations that were legendary: $400 million to a joint biomedical venture at Harvard University and the Massachusetts Institute of Technology; $60 million to the Los Angeles County Museum of Art; $30 million to rescue the city s Museum of Contemporary Art; $20 million for stem cell resea ....

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Eli Broad, Jewish billionaire entrepreneur who reshaped LA, dies

Eli Broad, Jewish billionaire entrepreneur who reshaped LA, dies
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