Billionaire philanthropist Eli Broad, who poured his wealth into cultural and civic development projects throughout the city of Los Angeles, died Friday at the age of 87. …
Billionaire philanthropist Eli Broad, who poured his wealth into cultural and civic development projects throughout the city of Los Angeles, died Friday at the age of 87. Suzi Emmerling, a spokeswoman for the Eli and Edythe Broad Foundation, announced Broad’s death at Cedars-Sinai Medical Center in a statement to multiple news outlets. While the spokeswoman did not list a specific cause of death, she said Broad’s death came after battling a long illness, according to The New York Times. Broad, who made his estimated $6.9 billion fortune in the home construction and insurance industries, later devoted his time to founding and investing in museums, music halls and schools.
