Eli Broad, a businessman and philanthropist whose vast fortune, rich art collection and enthusiasm for improving citizens helped rebuild the cultural landscape of Los Angeles, died Friday at the Cedars Sinai Medical Center in Los Angeles. He was 87 years old.
Suzi Emmerling, a spokesman for the Eli and Edythe Broad Foundation, confirmed his death.
Broad (pronounced Brod) earned billions of dollars in the homebuilding and insurance business and spent a significant portion of his wealth to make Los Angeles one of the world’s leading cultural capitals.
He played a central role in the founding of the Museum of Contemporary Art Los Angeles, mediating the contract that resulted in Count Giuseppe Panza Diviumo’s abstract expressionism and an important collection of pop art. When the museum was on the verge of collapse in 2008, he rescued it with a $ 30 million rescue package.
He donated $ 50 million to the Los Angeles County Museum of Art to build the Broad Museum of Contemporary Art and led a fundraising campaign to complete the Walt Disney Concert Hall when the project was submerged.
Museums, medical research centers and cultural institutions named after Mr. Broad and his wife Edith include the Broad Art Center at the University of California, Los Angeles and the Broad Center for Biological Sciences at the California Institute of Technology. , California Institute of Technology, 3 Regenerative Medicine and Stem Cell Research Centers.
He works with citizen leaders and developers to transform Grand Avenue in the neglected downtown of Los Angeles into a cultural and civic hub with restaurants, hotels, large parks, museums and broads. We helped to formulate a plan that spans. Broad’s collection of over 2,000 contemporary works.
With his art, he gathered enemies. Broad was a hard-drive, casual, impatient, polarized person.
“I’m not the most popular person in Los Angeles,” he wrote in his 2012 memoir and business advice book, The Art of Being Unreasonable: Lessons in Unconventional Thinking.
No one disputed the claim. Museum directors and trustees found him annoying and unpleasant, and were reluctant to run shows and share credibility. He hired a star architect, especially Frank Gehry, to whip up the museum and keep competing for the collection. In the end, he decided to rent it out instead of donating it and display it in his museum.
But even his critics had to admit that he was probably the most effective civilian leader that Los Angeles had seen since Dorothy Chandler.
“There are no curtains that can’t be passed through in Los Angeles. There are no religious curtains or curtains about where they came from,” Broad told The New York Times in 2001. If you have an idea here, if you have the energy, it will be accepted. I love LA “
Christopher Mele contributed to the report.
A complete obituary is approaching.
Eli Broad, who helped reorganize Los Angeles, dies at age 87
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