Eli Broad net worth: Eli Broad is an American businessman and philanthropist who has a net worth of $7.2 billion dollars. Eli Broad is the founder of a philanthropic organization with his wife Edyth, The Broad Foundations, to further entrepreneurship in education, science, and the arts. Over his five-decade business career, Eli Broad has managed to build two Fortune 500 companies from scratch, and today he is actively involved in philanthropic causes. Born on June 6, 1933 in the Bronx, New York, and raised in Detroit, Broad was the only child of Lithuanian-Jewish immigrants. He was 20 years old when he bought his first real estate and became a co-founder of the home builder Kaufman and Broad Home Corporation in 1957, having borrowed $25,000 from his in-laws. Kaufman & Broad (now KB Home) has become recognized as a type of housing that would appeal to a new generation of Detroit home buyers flocking to the suburbs and has eventually turned into one of the nation's biggest home builders. Looking for diversity, Broad purchased family-owned Sun Life Insurance and (later SunAmerica) in 1971. Once he transformed it into the retirement savings powerhouse SunAmerica, Broad went on to sell SunAmerica in 1999 for $18 billion. He held the position of SunAmerica's CEO, currently a subsidiary of AIG, until 2000. As of today, Broad is largely devoted to philanthropy and charity. He and his wife, Edythe, created the Broad Art Foundation in 1984, with the aim to advance entrepreneurship for the public good in education, science and the arts. The couple is also working on the opening of The Broad, a new contemporary art museum, along with worldwide headquarters for their foundation, which is set to open in Los Angeles in early 2014. Besides, he is a member of the Giving Pledge and, like Warren Buffett, boosts the idea of higher taxes for the rich.
Eli Broad Net Worth
Date of Birth
Jun 6, 1933 (83 years old)
Businessperson, Investor, Financier
United States of America
Kanye West Just Signed A Deal With Adidas That Could Make Him A BILLIONAIREon Jun 30, 2016
Miami Brother And Sister Busted With Record-Breaking $24 Million Drug Cash Hidden In Wallson Jul 1, 2016
LeBron James Overshadows NBA Championship Win, With Amazing $41 Million Donationon Jun 25, 2016
The World's Third-Youngest Billionaire Is Rich Thanks To Fish Farmingon Jun 30, 2016
Drake Is Worth An Estimated $3 Billion To His Hometown Of Torontoon Jun 30, 2016
The Amount of Money NFL Owners Made Last Season Is Staggeringon Jul 1, 2016
Leo Messi Will Make An Absurd Amount Of Money Next Yearon Jul 1, 2016
Meet Shaun Attwood: English Millionaire Stockbroker Who Became The Ecstasy Kingpin Of Arizonaon Jun 29, 2016
Lululemon Founder Chip Wilson Talks About What It's Like To Become A Billionaireon Jul 1, 2016
Paul Allen Unveils Stratolaunch, The World's Largest Airplaneon Jun 30, 2016
All net worths are calculated by applying a proprietary algorithm. The results are then fact checked and confirmed by a team of editors. We scan all publicly available data and resources and work diligently to ensure that our numbers are the most accurate and up to date net worth data you will find anywhere on the internet.
Did we make a mistake?
Submit a correction suggestion and help us fix it!Submit a Correction
Have something to add to this net worth? Share it by adding comments below.