Eli Broad, a self-made billionaire, philanthropist and art collector who built two Fortune 500 companies and used his wealth to mold Los Angeles’ cultural landscape, playing a central role in building such institutions as Walt Disney Concert Hall and the Museum of Contemporary Art before creating his own museum in the heart of the city, has died at age 87 after a lengthy illness.
Active and still looking ahead until late in life, Broad died Friday afternoon at Cedars-Sinai Medical Center, according to his spokesperson. A cause was not given.
With a fortune estimated by Forbes at $6.9 billion, the New York native who made California his home more than 50 years ago flourished in the home construction and insurance industries before pouring his wealth into an array of ambitious civic projects, often setting the agenda for what was to come in L.A.
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