Eli and Edythe Broad. Photo courtesy of the Eli and Edythe Broad Foundation.
Billionaire art collector, philanthropist, and entrepreneur Eli Broad a towering figure in the cultural scene of the United States, and most of all, in his adopted hometown of Los Angeles has died at 87. His reign culminated with the founding of the Broad, a contemporary art museum showcasing the collection he and his wife, Edythe Broad, built together, which opened in 2015.
In his cultural pursuits, business activities, and education and science philanthropy, Broad proudly proclaimed himself “unreasonable.” (The title of his 2012 book was
The Art of Being Unreasonable.) He helped define what it meant to be a 21st century philanthropist, importing the kind of high expectations, metrics, and authority he embraced in business into his charitable activities. This approach, which he has described as “venture philanthropy,” made him widely influential and also divisive.
Eli Broad, billionaire who poured wealth into reshaping L A , dies at 87
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Eli Broad, billionaire who poured wealth into reshaping L A , dies at 87
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