Edythe L. Broad Bio, Wiki
Edythe L. Broad is an American art collector and philanthropist. She is best known for being the wife of Eli Broad, an American billionaire entrepreneur, and philanthropist. In June 2019, Forbes ranked Broad as the 233rd wealthiest person in the world and the 78th wealthiest person in the United States, with an estimated net worth of $6.7 billion. Broad is known for his philanthropic commitment to public K–12 education, scientific and medical research, and the visual and performing arts.
Edythe Broad with her husband Eli have collected “about 2000 pieces of art valued at more than $2 billion” and supported arts initiatives such as the Los Angeles Opera and The Broad.
Edythe L. Broad Background
Born in Detroit to a homemaker and chemist, Edythe Lawson attended public school and particularly enjoyed school trips to the Detroit Institute of Arts. Early artworks of importance to her include John Singleton Copley’s Watson and the Shark, and Picasso’s Three Musicians.
Edythe L. Broad Husband & Children
When Lawson was a teenager, she met Eli Broad, who proposed to her after a few dates. They married in 1954. Her father gave her husband and her cousin the money to start his first company, and the couple became significantly wealthy through this and subsequent businesses. They had two sons, Jeffrey and Gary.
Broad and his wife made donations that were legendary: $1.1 billion to establish the Broad Institute at Harvard University and the Massachusetts Institute of Technology; $60 million to the Los Angeles County Museum of Art; $30 million to “rescue” the city’s Museum of Contemporary Art; $20 million for stem cell research at UCLA; millions for public schools; and $225 million, raised with the help of others, to save the development of Frank Gehry-designed Disney Hall, which opened in Los Angeles in 2003.
Eli Broad Death & Cause
Eli Broad died on April 30, 2021, at the Cedars-Sinai Medical Center in Los Angeles, California after a long illness. He was 87. He died Friday at Cedars-Sinai Medical Center after a long illness, said Suzi Emmerling, spokeswoman for the Eli and Edythe Broad Foundation.
House Speaker Nancy Pelosi, D-California, said in a statement that the passing of Broad, a friend for more than 30 years, “is a great loss for Los Angeles and for the nation.”
“Eli, together with his beloved wife Edye, made it his life’s work to expand opportunity in America,” she said. “Our entire nation is particularly indebted to the Broads for their commitment to supporting the arts, which they knew to be an essential, unifying force in the world.”
Broad founded homebuilder KB Home in 1957 and acquired life insurance and financial services company SunAmerica Inc. two decades later. Both became Fortune 500 companies, feeding his estimated $6.9 billion net worth and helping to make him a power player in L.A. culture and politics.