Billionaire media mogul and philanthropist A. Jerrold Perenchio passed away on Tuesday at the age of 86 after a five-month struggle with lung cancer, according to a statement from his L.A.-based investment firm, Chartwell Partners.

Perenchio, who died at his home in Bel Air, is survived by his wife Margaret and three children from a previous marriage, as well as five grandchildren, and three great-grandchildren.

Perenchio ranked No. 15 on the Business Journal’s 2017 list of Wealthiest Angelenos with a net worth of $4.25 billion. The former Univision chairman and chief executive made his fortune after the company’s $13.7 billion sale to a Haim Saban-led investment group in 2007.

The influential donor headed the Jerry Perenchio Living Trust and served as chairman of Chartwell, the media, entertainment, and real estate investment firm he founded in 1983.

Perenchio donated $25 million to the Los Angeles County Museum of Art last year. He also pledged an art collection worth $500 million to the museum in 2014.

Perenchio continued his support for GOP candidates during the 2016 election cycle, spending $4.7 million, with most of that money going to Carly Fiorina’s failed presidential campaign.

Residential real estate reporter Helen Zhao can be reached at [email protected]. Follow her on Twitter @zhaomeow.