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Philanthropist and entrepreneur Eli Broad, who is the only person to found two Fortune 500 companies in different industries and who co-founded with his wife Edye the contemporary art museum, The Broad, died April 30, 2021, at the age of 87.

Most significantly, Broad chose Grand Avenue for the home of the museum he co-founded with Edye, The Broad. The Broads had spent nearly 50 years building one of the world’s most significant collections of postwar and contemporary art, and had always wanted to bring contemporary art to the widest possible audience. In August 2010, Broad announced that they would build a new contemporary art museum to fulfill this philanthropic commitment—the first entirely new art institution to be built in Los Angeles in nearly 20 years.

May 2021

 

 


 

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