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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. ....
Developer and LA Philanthropist Eli Broad Dies therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
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 ....