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Wednesday, Nov 29, 2023

5. Edythe Broad

Net Worth: $9.5 B

CHANGE: 3.3%
AGE: 86
RESIDENCE: Brentwood

THE MONEY: Broad is one of L.A.’s most prominent art collectors as well as a well-known philanthropist. She was married to billionaire businessman Eli Broad, who built two Fortune 500 companies from 1954 until his death in April of last year. Both companies, KB Home and SunAmerica Investments Inc., were sold, contributing to the Broad fortune. The couple have established two foundations – the Eli and Edythe Broad Foundation and The Broad Art Foundation – that support medical research, public education and the performing arts. During the pandemic the Broad Foundation also made donations to provide child care for frontline workers and basic-needs assistance to families in Los Angeles.

THE BUZZ: Broad has turned her philanthropic efforts to climate change. Last year, she and her late husband donated $9 million to support political candidates and leaders focusing on climate change. The Broads have given more than $4 billion to education, science and the arts. They were also among the first people to sign the Giving Pledge, committing to donate 75% of their wealth during their lifetimes. The Broad Foundation in 2019 committed $30 million to the Eli and Edythe Broad Stem Cell Centers at UCLA, UC San Francisco and USC. In 2015 she and her husband opened a contemporary art museum, The Broad, in Downtown Los Angeles. Broad’s collection, which includes work by artists such as Picasso, Van Gogh and Warhol, is estimated to be worth more than $2 billion.

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