Haute 100 Los Angeles Update: Eli & Edythe Broad

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Our Haute 100 list details the accomplishments of the most influential people in each of our markets—MiamiNew YorkLos Angeles, and San Francisco. These people continue to make moves, so rather than waiting for the next Haute 100 issue to come out, we thought we’d provide you with regular updates on those Haute 100 members who are making headlines. Check back daily for more info on the most powerful people in your city. The New Yorker’s latest issue profiles Eli and Edythe Broad’s artful philanthropic involvement and their colorful impact on L.A.’s arts and cultural scene in “The Art of the Billionaire.”

Eli & Edythe Broad

Category: Power Couples

Industry: Development/ Manufacturing

Company: Kaufman & Broad

What Made Them Haute: Broad made his fortune with his real estate company, Kaufman & Broad, and then found financial company SunAmerica where he served as CEO. He is actively involved in revitalizing L.A.’s downtown area and is an avid supporter of enriching the city’s cultural life. The Broads created a family foundation in the 1960s as a way to support their charitable interests and causes. The Broad Foundations, which include The Eli and Edythe Broad Foundation and The Broad Art Foundation, have assets of $2.5 billion.

What Makes Them Haute Now: Angelenos have been keeping tabs on Eli and Edythe Broad since their arrival in Los Angeles in the 1960s. Since then, the Broads have made quite the splash in the local art and cultural scene, making themselves prominent figures on a national level. In The New Yorker magazine’s latest issue, Connie Bruck takes a look back at the L.A. philanthropist’s rise to multi-billionaire status all the way to Broad’s most recent dealings in the art world and what he himself has coined, “venture philanthropy.” Dive into the New Yorker’s 11-page profile on how Eli Broad took over Los Angeles in “The Art of the Billionaire,” in the magazine’s Dec. 6, 2010, issue.

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