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Eli Broad, billionaire who poured wealth into reshaping L.A., dies at 87

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Eli Broad, billionaire who poured wealth into reshaping L.A., dies at 87.

Eli Broad made his billions building homes, and then he used that wealth — and the considerable collection of world-class modern art he assembled with his wife — to shape the city around him. Dogged, determined and often unyielding, he helped push and prod majestic institutions such as Walt Disney Concert Hall and the Museum of Contemporary Art into existence. And then, that done, he created his own namesake museum in the heart of Los Angeles. 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 directing his attention and fortune toward an array of ambitious civic projects, often setting the agenda for what was to come in L.A. Active and still looking ahead until late in life, Broad died Friday afternoon at Cedars-Sinai Medical Center, Suzi Emmerling, a spokesperson for the Eli and Edythe Broad Foundation, said in a statement. A cause of death was not given.

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