Eli Broad, the billionaire philanthropist dies at 87.

Eli Broad, the billionaire philanthropist died Friday in Los Angeles. He was 87. He was an entrepreneur who co-founded homebuilding pioneer Kaufman and Broad Inc. and launched financial services giant SunAmerica Inc.,

Gerun Riley, president of The Eli and Edythe Broad Foundation, said in a statement Friday-

“As a businessman Eli saw around corners, as a philanthropist he saw the problems in the world and tried to fix them, as a citizen he saw the possibility in our shared community, and as a husband, father and friend he saw the potential in each of us,”

Broad, one of Los Angeles' most influential figures. The billionaire poured his wealth into reshaping L.A. He created a flourishing downtown area of expensive lofts, fancy dining establishments and civic structures like the landmark Walt Disney Concert Hall, MOCA and more..

Los Angeles Mayor Eric Garcetti said on Twitter-

“Eli Broad, simply put, was L.A.’s most influential private citizen of his generation,”.
“He loved this city as deeply as anyone I have ever known.”

Photo Credit: Getty Images

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