About
- Name: ELI BROAD
- English name: ELI BROAD
- Native name: ---
- Alias: ---
- Award: ---
Description: Eli broad, who amassed a multi-billion dollar fortune from home-building and insurance, died in april 2021 at age 87. kaufman & broad, which he cofounded in 1957, the became one of the nation's biggest home builders, supplying affordable tract homes. he later bought sun life insurance, transforming it into annuities giant sunamerica, before selling it to aig for $18 billion in stock in 1998. the broads' two foundations, which have $3 billion in combined assets, support medical research, public education and the visual and performing arts. the foundations have made pledges and grants of more than $4 billion. in 2015 he and his wife edythe opened the broad museum in l.a.; it offers free admission to view works from the couple's contemporary art collection. in 2019, broad published an opinion piece in the new york times supporting a wealth tax for the top 1%.
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