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

How sweet it is! New bakery opens in Birmingham

Vitale grew up in Oakland Township and started baking at a young age in her grandmother’s kitchen. The Michigan State University Eli Broad School of Business graduate opened the Royal Oak storefront in 2012 after working as a restaurant brand development ...
Posted: October 26, 2016, 9:22 am

Eli Broad: a fourth career in philanthropy

This story was originally published in a "Spartan Giants" special section on March 20, 2016. Drive down Grand River Avenue through East Lansing. You cannot miss the Eli and Edythe Broad Art Museum from either direction. From the east, you see its long ...
Posted: October 20, 2016, 9:52 am

Shedding some light on the easy major myth

Communication Arts and Sciences is made up of 7.2 percent of full-time students this fall. The largest college is the Eli Broad College of Business at 15.5 percent and the smallest is the Residential College in the Arts and Humanities at 0.6 percent.
Posted: October 25, 2016, 7:31 am
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