Eli Broad Billionaire philanthropist Eli Broad, a Michigan State University alum, who donated tens of millions of dollars to the school, died Friday at Cedars-Sinai Medical Center in Los Angeles The New York Times reports. He was 87. Broad, who died after battling a long illness, made his fortune in the home-building and insurance business. The Times reports he donated significant money to make Los Angeles one of the world’s cultural capitals. He also gave generously to Michigan State, as the Lansing State Journal reports: MSU s graduate and undergraduate business program are named for the 1954 graduate. So is the Eli and Edythe Broad Art Museum.
Billionaire businessman, MSU donor Eli Broad dies at 87
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FILE - In this Sept. 16, 2015 file photo, Eli Broad and his wife, Edythe, stand for a photo amid Jeff Koons sculptures at his new museum called The Broad in downtown 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/Richard Vogel, File)
By: ALEX VEIGA
Steve Carmody/Michigan Radio
LOS ANGELES (AP) - For years Eli Broad has said he wants to make his vast, collection of contemporary art accessible to the largest number of people possible.
What better way to do that, the billionaire philanthropist said Tuesday, than to make admission free to the $140 million museum he s building in downtown Los Angeles.
When it opens next year, Broad said during a hard-hat tour of the half-completed building, people will be able to walk in and view works by Andy Warhol, Ed Ruscha and scores of others without paying a cent.
The three-story, block-long structure is planned as a work of art of itself.
Billionaire Michigan State University alumnus, philanthropist Eli Broad dies at 87
Updated 12:33 PM;
Today 12:33 PM
In this Oct. 17, 2007, file photo, Eli Broad, founder of SunAmerica Inc. and KB Home speaks after receiving the Carnegie Medal of Philanthropy in Pittsburgh. 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/Keith Srakocic, File)
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EAST LANSING, MI Billionaire and philanthropist Eli Broad died Friday, April 30, after a long illness at Cedars-Sinai Medical Center in Los Angeles at the age of 87.