Eli Broad Net Worth is$5.8 Billion
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Profession: Businessperson, Investor, Philanthropist, Financier
Date of Birth: Jun 6, 1933
Ethnicity: White
Country: United States of America
Eli Broad is a California-based philanthropist and art collector, raised in Michigan, with an estimated net worth of $5.8 billion dollars. Eli Broad founded a philanthropic organization with his wife Edyth, The Broad Foundations, to further entrepreneurship in education, science, and the arts.
Eli Broad (born June 6, 1933) is an American businessman from Detroit, Michigan who resides in Los Angeles, California.
An only child, Broad was born in the Bronx to Lithuanian Jewish immigrant parents. His father was a housepainter, his mother was a dressmaker. His family moved to Detroit when he was 6 years old. Broad attended Detroit Public Schools; he was a 1951 graduate of Detroit Central High School and went on to attend Michigan State University, where he majored in accounting with a minor in economics and graduated cum laude in 1954. Broad married Edythe "Edye" Lawson in 1954 when he was 21 and she was 18. He became the youngest Michigan native to become a Certified Public Accountant (CPA). Prior to entering the home building business, he worked as an accountant for two years, and partnered with Donald Kaufman to found a homebuilding company, Kaufman and Broad Home Corporation (now KB Home). Looking to diversify the cyclical homebuilding business, Broad in 1971 acquired Sun Life Insurance Company of America, a small family-owned insurance company in Baltimore, for $52 million. Broad transformed Sun Life into the retirement savings powerhouse SunAmerica. He sold SunAmerica to AIG in 1999 for $18 billion. He was CEO of SunAmerica, now a subsidiary of the American International Group, until 2000.
Eli and Edythe Broad are the founders of The Broad Foundations, with the mission of advancing entrepreneurship for the public good in education, science and the arts. In doing this, the foundation focuses on the arts and culture in Southern California, championing the revitalization of downtown Los Angeles, and reforming K-12 public education across the United States. The Broad Foundations, which include The Eli and Edythe Broad Foundation and The Broad Art Foundation, have assets of $2.1 billion.
In 2010, Broad backed "The Giving Pledge," an initiative started by fellow billionaires Warren Buffett and Bill and Melinda Gates for rich Americans to give at least

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Eli Broad Latest News

3 Big Stock Charts for Friday: PPL, Macy’s and Eli Lilly

Bank of America (NYSE:BAC) was up 1.4%, bouncing back with other banks, but their collective gains still weren’t enough to drag the broad market ... PPL) and Eli Lilly (NYSE:LLY) are most ...
Posted: October 5, 2018, 9:45 am

Malibu Seen: L.A. Phil Marks a Milestone. Coldplay's Chris Martin Steals Show

The overall theme was “California Cool,” as an impressive roster of Malibu music lovers (like Ginny Mancini and Eli Broad) showed their support to celebrate the Los Angeles Philharmonic’s 100th annive...
Posted: October 15, 2018, 4:22 pm

Eli Lilly’s IPO of Animal Health Company Is Getting ‘Ahead of Itself,’ Goldman Says

Elanco is majority owned by Eli Lilly & Co. Elanco is trading at a more than 20 percent ... Elanco’s portfolio of Trifexis, Credelio and Interceptor Plus to face competitive threats from broad anti-pa...
Posted: October 15, 2018, 5:24 am
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