Eli Broad (original) (raw)
- Eli Broad, who amassed a multi-billion dollar fortune from home-building and insurance, died in April 2021 at age 87.
- Kaufman & Broad, which he cofounded in 1957, became one of the nation's biggest home builders, supplying affordable tract homes.
- He later bought Sun Life Insurance, transforming it into annuities giant SunAmerica, before selling it to AIG for $18 billion in stock in 1998.
- The Broads' two foundations, which have $3 billion in combined assets, support medical research, public education and the visual and performing arts.
- The foundations have made pledges and grants of more than $4 billion.
- In 2015 he and his wife Edythe opened The Broad museum in L.A.; it offers free admission to view works from the couple's contemporary art collection.
- In 2019, Broad published an opinion piece in the New York Times supporting a wealth tax for the top 1%.
Wealth History
HOVER TO REVEAL NET WORTH BY YEAR
Forbes Lists
Personal Stats
Source of Wealth
investments, Self Made
9
5
Citizenship
United States
Children
2
Education
Broad College of Business; Bachelor of Arts/Science, Michigan State University
Did you know
The son of Lithuanian immigrants, Broad paid his own tuition at Michigan State by driving delivery trucks and selling garbage disposals door-to-door.
Broad got his first job at 17 years old with A.S. Beck Shoes, a family-run shoe store.
In Their Own Words
"The best thing to do is follow the advice that reasonable people maintain the status quo - those who are unreasonable make changes. I have yet to meet a scientist who wants to maintain the status quo."
Eli Broad