Eli Broad a native of Detroit, Michigan is a American billionaire who presently resides in Los Angeles, California. His last name is pronounced as rhyming with road.
Broad is well known for his philanthropy and extensive art collection. A strong advocate of the city, he is actively involved in the on-going projects to revitalize downtown Los Angeles, and is an ardent supporter of efforts to raise the city's cultural profile.
Broad was the youngest person in the history of the state of Michigan to become a Certified Public Accountant (CPA). He made his initial fortune in real estate at his company Kaufman & Broad (now KB Home). He is also a founder of the financial giant SunAmerica. He was CEO of SunAmerica, now a subsidiary of the American International Group, until the year 2000. With an estimated current net worth of around $5.2 billion, he is ranked by Forbes as the 93-richest person in the world.
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