Eli Broad, LA philanthropist for the arts and education, dies at 87

“As a businessman, Eli saw around corners, as a philanthropist he saw the problems in the world and tried to fix them, as a citizen he saw the possibility in our shared community, and as a husband, father and friend he saw the potential in each of us,” the foundation’s president Gerun Riley said in a statement.

Broad amassed his wealth by creating two Fortune 500 companies in two different industries. He developed KB Home, a prominent real estate and development company, and launched insurance giant SunAmerica.

Broad was an avid philanthropist who committed more than $5 billion to support…