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Eli Broad Net Worth

Updated On: 29 Jan, 2019

Eli Broad Net Worth

Eli Broad is one of the most successful entrepreneurs of America. He is the only person in the world to build two Fortune 500 companies in different sectors and industries. He is the founder of The Broad Foundations and is active in civic engagement with The Eli and Edythe Broad Foundation and The Broad Art Foundation.

His concept of the art museum is that all his art collections and treasures of art could be seen and studied by people all around the world. He did not have a good foundation about business, but gradually learned and understood them.

How Much Is Eli Broad's Net Worth?

As of January 2019, Eli, age 85, has a jaw-breaking net worth of $6.7 billion from his career as an American entrepreneur and philanthropist. In October 2015, his net value was $7.4 billion and Forbes listed him as the 65th richest person in the world. According to the Forbes, Eli currently ranks #211 in the list of wealthiest Billionaires 2018.

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Most of his income sources comprise of his investments and two Fortune 500 companies in different industries. He is the founder of The Eli, and Edythe Broad Foundation that has $3 billion in assets and the foundation supports the public education, Los Angeles civic projects, and medical research. He also has a museum named Eli & Edythe Broad Art Museum / Zaha Hadid Architects that got opened in Michigan State University, East Lansing during November 2012.

In the year 1957, he and his wife Edyth decided to make a home and Board borrowed $25000 from his wife parents. During the home, making the Board was responsible for the acquisition of land and materials while Kaufman was responsible for the design of the house.

He is also very interested in reading and writing. He wrote his first book in the year 2012. Wiley and Sons published his book The Art of Being Unreasonable, which was one of the best sellers of the New York Times, Wall Street Journal, USA Today and Washington Post. He is very fond of arts and drawings. This interest of his started in the year 1973 when he and his family first time bought a Van Gogh drawing called Cabanes a Saintes-Maries.

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Eli Broad Married, Wife, Children

Eli was a student of the Michigan State University when he had a fateful encounter with his future wife, Edythe Lawson. The duo soon fell in love and married each other on 19 December 1954. During their Golden Wedding anniversary in December 2004, the pair beamed alongside each other slicing their cake where it was written, '50th Anniversary.'

Eli Broad and his wife Edythe Lawson celebrated their 50th anniversary in December 2004 (Photo: elibroad.com)

Eli and his wife of 64 years, Edythe are proud parents of their two children Jeffery Broad and Gary Broad. By the time he was on the verge of becoming a millionaire, the entrepreneur was the father of his two sons. He and Edythe welcomed their first son Jeffery in 1956 and their second son Gary was born in 1959. They nourished their newly born son in Phoenix and moved to Los Angeles during 1963.

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Short Bio And Wiki

He was born on June 6, 1933, in the Bronx, New York City in a Jewish family. His father was a house painter, and his mother was a dressmaker. Eli resides in Los Angeles, California. He completed his schooling from Detroit Public School.

In the year 1951, he did his graduating from Detroit Central High School. In the year 1954, he graduated his mastering in accounting and did the minor in economics from Michigan State University, as per wiki.