Eli Broad is a philanthropic American billionaire who founded the real estate development company Kaufman & Broad (KB Home) and the financial company SunAmerica.
is also well known for his
extensive art collection that he
lends out to museums and galleries for public viewing through the Broad Art Foundation
Broad and his wife also maintain the Broad Education Foundation to help support and improve public education in urban communities.
Eli Broad was born on June 6, 1933 in Detroit Michigan and, after attending grade school, completed his undergraduate degree at Michigan State University and graduated cum laude in 1954.
Three years later he helped create the real estate builder Kaufman & Broad, better known as KB Homes.
It became the first publically traded "home builder" company on the New York Stock Exchange
Broad made millions off of his
company and began looking at other ventures as a result.
Broad also founded SunAmerica for which he acted as the CEO until 2000.
Eli and his wife, Edythe Broad, began an extensive art collection and created the Broad Art Foundation to help support the efforts in spreading art education.
Within six years, Eli Broad and his wife created the Broad Education Foundation for the purpose of supporting and improving public education in urban communities.
In the first five years of operation, the Broad Education Foundation
gave over $500 million in support of innovative leadership in urban school systems and another $100 million to create the Broad Institute of MIT
for use in biomedical research.
The foundation also gave money to Harvard
and the Whitehead Institute
for in support of similar goals.
As an advocate of Los Angeles, Eli Broad
has committed both time and money to renovating and reviving his
Not only has he
partnered with the Mayor to beautify specific areas of the city, he
also helped to fund the Walt Disney Concert Hall designed by the legendary Frank Gehry.
In 2004, the U.S. Congress and the President of the United States appointed Eli Broad to the Board of Regents of the Smithsonian Institution.
Besides holding a degree from Michigan State University, Broad also holds an Honorary Doctor of Humanities Degree from Michigan State University and another Honorary Doctor of Laws Degree from Southwestern University .
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To me, money is a means to do good.
I reached a point in my life where I had enjoyed tremendous business success that afforded my family everything we could possibly want.
My wife and I then decided that we could use our wealth to make a difference.
So we created the Broad Foundations
to do four things: to improve urban public education, to support innovative scientific and medical research, to foster art appreciation for audiences worldwide and to support civic initiatives in Los Angeles.
- Money - Business - Success - Philanthropy - Rich - Family - Wealth - Generous - Education - Research - Art
While I am proud of a number of accomplishments, there are real costs to being unreasonable.
Too little time with family.
A near incapacity for, as they say, stopping and smelling the roses.
- Success - Proud - Accomplishments - Family - Hard Work