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Eli Broad

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Eli Broad
Eli Broad is an American entrepreneur and philanthropist who built KB Home, a homebuilding company, and SunAmerica, an insurance corporation, becoming the only person to build two Fortune 500 companies in different industries. Famous for his unconventional ways of conducting business, he has cultivated an image for being “completely unreasonable”. He credits his unreasonable ways for his phenomenal success which he believes he never would have achieved had he chosen to stick with the accepted conventions in business. Born to Lithuanian Jewish immigrant parents in the United States, he was raised in a middle-class home. In spite of his modest upbringing, he harbored ambitious dreams from a young age. A good student, he graduated from Detroit Central High School and went on to study accountancy and economics at the Michigan State University. He had to work very hard to provide for himself while still studying and worked at a number of odd jobs to make ends meet. After working for a couple of years he decided to open his own business and teamed up with a relative to start KB Home which proved to be a highly successful venture. Encouraged by its success, Broad acquired Sun Life Insurance Company of America and transformed it into SunAmerica. More recently he has been devoting more time and energy to philanthropic efforts along with his wife.
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Born
June 6, 1933
Birth Place
Detroit
Nationality
American
Sun Sign
Gemini
Also Known As
Eli L. Broad
Famous As
Entrepreneur & Philanthropist
Education
1954 - Michigan State University, Central High School
Founder/Co-Founder
The Broad Foundation, SunAmerica Focused Alpha Growth Fund Inc, KB Home, Kaufman & Broad S.A., The Broad
Father
Leon Broad
Mother
Rita Broad
Spouse(s)
Edythe L. Broad
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Los Angeles, CANewswise

A Legacy of Impact: Honoring Late Philanthropist, Former CSU Trustee Eli Broad

Newswise — ​​Eli Broad, entrepreneur, philanthropist and former CSU Trustee, died on April 30, 2021 in Los Angeles at the age of 87. The well-known champion of K-12 and higher education in California was a generous benefactor to the California State University. Broad served as a CSU trustee from 1978 until 1982, making a point to visit every campus to better understand each university and the students it served.
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Sacramento, CAcsus.edu

The wide-ranging impact of late CSU, Sac State benefactor Eli Broad

Eli Broad, a well-known champion of K-12 and higher education in California, died on April 30, 2021, leaving an unmatched record of personal, financial and material support for Sacramento State, California State University, and untold members of the state's communities of higher education. Among his contributions to Sac State were...
Los Angeles, CAcsq.com

Remembrance: Eli Broad (1933-2021)

CSQ is the first meeting on the day’s agenda, and the punctual appearance by L.A.’s most influential venture philanthropist is at once invigorating. Game on, indeed. Sagaciously engaged at the roundtable of his office, Broad takes occasional sips from a tall glass of water while nimbly transitioning across topics in his diversified portfolio of exceptional achievements. The walls are populated with framed photographs of presidents, dignitaries, and corporate influencers posing next to the man who is leading the charge to transform Grand Avenue and downtown Los Angeles into a cultural mecca worthy of the second-largest city in the nation. Engaging and accessible from the get-go, the Bronx-born, Detroit-raised, West Coast icon (he’ll celebrate 50 years in L.A. next year) has a gentle yet direct manner that is all lean and no fat.
Los Angeles, CAPosted by
Los Angeles Times

Op-Ed: After Eli Broad, how will we remake Los Angeles?

Emperor Napoleon III directed his prefect of the department of Seine, Georges-Eugène Haussmann, to remake Paris. Between 1853 and 1870, the emperor’s bureaucrat drove iconic boulevards through warrens of medieval lanes and byways. Paris was made into our image of it: Belle Époque nostalgia. Robert Moses, equally imperiously between 1924...
Los Angeles, CANapa Valley Register

Dan Walters: Eli Broad was a passionate school reformer

Los Angeles’ most prominent civic leader, billionaire businessman Eli Broad, died April 30, sparking an outpouring of praise for his many philanthropies. Broad had come to Los Angeles as a young entrepreneur in 1963 and made his fortune in homebuilding (KP Homes) and in finance. He saw it, he told one interviewer, as “a meritocracy (and) one of the few cities you can move to without the right family background, the right religious background, the right political background, and if you work hard and have good ideas, you’re accepted.”
Los Angeles, CAPosted by
Los Angeles Times

Op-Ed: Eli Broad and L.A.'s complicated history with civic leaders with cash

Eli Broad at his Century City offices on Aug. 3, 2000. (Los Angeles Times) In Los Angeles, for better and worse, the rich we shall always have with us. The obituary tributes to Eli Broad have rightly noted the singularity of his achievements. At various points in the past three decades, he didn’t so much personify the city’s business-civic elite as actually comprise it in its entirety.
Los Angeles, CAInland Valley Daily Bulletin

Eli Broad was a passionate school reformer

Los Angeles’ most prominent civic leader, billionaire businessman Eli Broad, died last Friday, sparking an outpouring of praise for his many philanthropies. Broad had come to Los Angeles as a young entrepreneur in 1963 and made his fortune in homebuilding (KP Homes) and in finance. He saw it, he told one interviewer, as “a meritocracy (and) one of the few cities you can move to without the right family background, the right religious background, the right political background, and if you work hard and have good ideas, you’re accepted.”
Los Angeles, CAwealthmanagement.com

Eli Broad, Los Angeles Philanthropist With Art Trove, Dies at 87

(Bloomberg) -- Eli Broad, the billionaire businessman who founded two Fortune 500 companies in different industries before becoming one of America’s most prominent philanthropists and art collectors, has died. He was 87. Broad died Friday afternoon at the Cedars-Sinai Medical Center in Los Angeles following a long illness, said Suzi...
Louisiana Statekcrw.com

Eli Broad wanted to turn LA’s Grand Avenue into France’s Champs-Élysées, says Carolina Miranda

Real estate developer and philanthropist Eli Broad died Friday at age 87. His name and legacy survives — most notably on museums he helped build, such The Broad Contemporary Art Museum at LACMA and the Broad Museum in downtown LA. He was also an important figure behind Disney Concert Hall. It was an unlikely trajectory for a man who made billions building tract homes.