1% Solutions: Eli Broad
Eli Broad has a lot of time on his hands. With a $7 billion fortune, it's easy to see why. However the 80 year old finance wizard isn't wasting his golden years on the golf course or sailing on his yacht. He's busy pouring millions of dollars into his vision of revitalizing downtown Los Angeles to transform the city into a "cultural Capital" of the world. Broad and his wife of 60 years, Edythe have given over $800 million to arts and culture initiatives in the city. Armed with $2.6 billion through his Broad Foundation, he has also poured millions into various philanthropic endeavors such as medical research and endowing Michigan State's business school (his alma mater). Broad built his fortune over a 60 year career where be built home construction behemoth KB Home and later retirement savings company SunAmerica. The latter which was sold in 1999 for a whopping $18 billion. Since then he has dedicated all his time to philanthropy. ...