Eli Broad, LA philanthropist for the arts and education, dies at 87

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Eli Broad, an entrepreneur and businessman known for creating two billion-dollar businesses and establishing the iconic Broad Museum in Los Angeles, has died at the age of 87, the Eli and Edythe Broad Foundation said 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," the foundation's president Gerun Riley said in a statement.

Broad amassed his wealth by creating two Fortune 500 companies in two different industries. He developed KB Home, a prominent real estate…
Alexandra Meeks, CNN
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