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 (82 years old)
Businessperson, Investor, Financier
United States of America
Kylie Jenner Buys A $6M House: A Peek Inside the A-List Fantasyon May 25, 2016
One Simple Vote Just Cost Anthony Davis A TON Of Moneyon May 26, 2016
A Judge Has Ordered Master P To Pay His Ex-Wife A Hefty Sumon May 25, 2016
Three NYC Doorman Set To Inherit Multi Million Dollar Fortune Unless The Humane Society Gets It Insteadon May 26, 2016
The Rise Of Technology Has Created A New Era Of Super-Wealthy Americanson May 26, 2016
Florida Judge Upholds Hulk Hogan's $140 Million Gawker Judgmenton May 25, 2016
LeBron James Vs. Dr. Dre - Who Will Become A Billionaire First?on May 24, 2016
British Artists Made More Money Off Of Vinyl Sales Than From YouTube Streamingon May 26, 2016
The Atlanta Falcons' New Stadium Will Offer Very Cheap Concessions - Thanks Arthur Blank!on May 26, 2016
Shaquille O'Neal Makes Big Entrance Into The Auto Insurance Industryon May 25, 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.
- Why Did Donald Trump Receive a Tax Break For NYC Residents Who Make Less Than $500k?Donald Trump claims to earn a multi-millionaire-dollar income and have a multi-billionaire-dollar worth. But he received AND pocketed a $300 tax break for NYC residents who make less than $500k.
- Alanis Morissette Sues Business ManagerAlanis Morissette has fired her manager, Jonathan Schwartz, and is suing him for upwards of $15 million. Morissette claims Schwartz has been stealing millions from her accounts without her knowledge or consent.
- China Tops Panama Papers List of People And Companies Hiding Money In Offshore AccountsThe Panama Papers leak reveals that China tops the list of people and companies with the most secret offshore bank accounts in the world. Government censors are working to scrub any mention of the leak in media reports and on the Internet.
- How Long Does It Take To Make As Much As The Richest Person In Your Country?Obviously, the Celebrity Net Worth staff spends a lot of time talking and writing about billionaires. In that spirit, I recently wondered how long it would take the average person making the average salary to amass the multi-billion dollar fortune of the richest person in their country?