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Billionaire Eli Broad Biography
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5:30 pm
October 22, 2009


SMB Kev

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Eli BroadEducation: Michigan State, Bachelors of Arts/Science.

Fortune: Self made from investments and real estate.

Location: Resident of Los Angeles, California, United States

Age: 75

As the richest man in Los Angeles, his celebrity is severely understated.  Eli Broad purchased his first piece of land when he was 20 years old.  From there he eventually formed Kaufman & Broad.  The company streamlined single family homes and build more than 500,000 homes to the parents of baby boomers.  KB Home’s success lead him to take on the insurance world.  He noticed a serious threat of baby boomers out living their retirement savings.  His recognition lead to the success of SunAmerica.  He sold annuities to baby boomers, eventually selling the company to giant AIG.

He seemed to amass his fortune by staying above the status quo and recognizing things about baby boomer generation that no one else did.  He’s known as a hyper guy that is always active.  His art collection rivals any large art museum with Warhol’s, Johnsens and Lichtensteins as common additions.  His collection alone has been estimated at $1.5 billion.  As of this report his total worth has been estimated to be $5 billion dollars easily making him the richest man in Los Angeles and #10 on our Top 10 Stock Market Billionaire list.


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