Eli Broad American billionaire Date of Birth: 06.06.1933 Country: USA

Biography of Eli Broad

Eli Broad, an American billionaire, was born on June 6, 1933, in Detroit, Michigan. He is of Jewish-American descent and currently resides in Los Angeles, California. Broad is well-known for his philanthropy work and extensive art collection. He is actively involved in the revitalization of downtown Los Angeles and passionate about promoting cultural development in the city.

Broad began his career in the real estate industry, starting his own company called "Kaufman & Broad." He later became the CEO of SunAmerica, which is now a subsidiary of American International Group. With an estimated net worth of $5.8 billion, he ranks 42nd on Forbes' list of America's wealthiest individuals.

In 1991, Broad established the Eli Broad College of Business at Michigan State University, where he graduated with honors in 1954. He has made significant donations to institutions such as the Massachusetts Institute of Technology and Harvard University, totaling $100 million.

Together with his wife Edythe Broad, they founded the Broad Foundation, which aims to improve education and inspire young people to pursue science and education at a higher level. In May 2007, the Broad Foundation donated $10 million to Gertz-Ressler High School and a private school in Los Angeles. On April 25, 2007, the Eli and Edythe Broad Foundation, along with the Bill and Melinda Gates Foundation, donated $60 million to create strong American schools.

The Broad Foundation also contributed $56 million to the Los Angeles County Museum of Art to establish the Broad Center. In June 21, 2007, Eli and Edythe Broad donated $26 million to Michigan State University to create the Eli and Edythe Broad Art Museum. He is also a member of the Board of Trustees of the California Institute of Technology.

The Eli and Edythe Broad Art Collections house approximately 2,000 pieces of contemporary art and are considered one of the largest and most renowned collections in the United States, as of 2008.

Eli Broad is a renowned businessman who, throughout his career, has built 500 companies with exceptional professionalism.