Billionaire Michigan State University alumnus, philanthropist Eli Broad dies at 87

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"Eli was a selfless, kindhearted man who dedicated much of his life to making the lives of others better."
EAST LANSING, MI — Billionaire and philanthropist Eli Broad died Friday, April 30, after a long illness at Cedars-Sinai Medical Center in Los Angeles at the age of 87.

A Detroit native, Broad graduated from Michigan State University. MSU's President Samuel L. Stanley shared his thoughts on Broad's death Saturday.

"I am deeply saddened by the passing of MSU alumnus, humanitarian and philanthropist Eli Broad and my heart is with Edythe and the entire Broad family," said Stanley Jr. "Eli was a selfless, kindhearted man who dedicated much of his life to making the lives of others better. From the classroom to the board room, altruism was the backbone of his mission, and Eli embodied what it means to be a Spartan."

Broad was also a contemporary art collector and entrepreneur who co-founded homebuilding pioneer Kaufman and Broad Inc. and launched financial services giant SunAmerica Inc., The Associated Press reports.

Born in New York City to Lithuanian immigrants, Broad was raised in Detroit and earned his undergraduate degree from Michigan State University in 1954. In 1991, he endowed the university's Eli Broad College of Business and Eli Broad Graduate School of Management.

London-based architect company Zaha Hadid Architects designed the Eli and Edythe Broad Art Museum on Michigan State University's campus. This is the second building by Zaha Hadid…
Cole Waterman | Cole_Waterman@mlive.com
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