In June 2019, Forbes listed Eli Broad, a billionaire entrepreneur from New York, as the 78th wealthiest person in the United States and the 233rd wealthiest person in the world. He died at Cedars-Sinai Medical Center on April 30, 2021, at the age of 87.His death was verified by Suzi Emmerling, a spokeswoman for the Eli and Edythe Broad Foundation. “Eli Broad, simply put, was L.A.’s most impactful private citizen of his generation,” Los Angeles Mayor Eric Garcetti posted on Twitter, adding, “He loved this city as deeply as anybody I have ever known.”

What is the net worth of Eli Broad?

Eli’s net worth is estimated to be around USD 6.9 billion.

Early years

Eli was an American billionaire entrepreneur and the only child of his parents; his father worked as a house painter and operated five-and-dime stores, while his mother worked as a tailor. He attended Detroit Public Schools and Detroit Central High School. He then went on to Michigan State University, where he majored in accounting and minored in economics. Eli ran a company while completing his studies, selling women’s shoes, garbage disposals, and even working as a drill press operator at Packard Motor. Eli Broad comes from a hardworking family, which has aided him in being financially self-sufficient. Fast forward to today, when Eli Broad co-founded homebuilding pioneer Kaufman and Broad Inc and built financial services behemoth SunAmerica Inc.

Career

Eli wrote “The Art of Being Unreasonable: Lessons in Unconventional Thinking,” which was published by Wiley and Sons. Apart from that, Eli Broad is well-known for his philanthropic support of public K–12 education, scientific and medical research, and the visual and performing arts. Broad gave more than $4 billion in 2017. Eli has won numerous accolades throughout his career, including the Golden Plate Award, the Carnegie Medal of Philanthropy, the David Rockefeller Award, the William E. Simon Prize for Philanthropic Leadership Award, and many others.

What You Should Know About Eli Broad’s Wife

Eli Broad is survived by his future wife, Edythe L. Broad, whom he met as a youngster. They married in 1954 and were married till he died in 2021. They had two kids, Jeffrey and Gary. The Broad Foundations was founded by Eli and Edythe Broad, who pledged to give away 75% of their wealth. The Broads committed $20 million to the Eli and Edythe Broad Center of Regenerative Medicine and Stem Cell Research at the University of California, Los Angeles in 2007, after making a $100 million foundation grant to the Broad Institute of MIT and Harvard in 2003. The Eli and Edythe Broad Center for Regeneration Medicine and Stem Cell Research was also endowed by the couple. In 2018, the duo was honored with the American Federation of the Arts Cultural Leadership Award for their efforts.

Quick Facts about Eli Broad