Revealed: Eli Broad's Assets & Salary ( Updated) Net Worth 2026: Career Earnings & Assets

Many fans are curious about Eli Broad's financial success in April 2026. In this article, we dive deep into the assets and career highlights.

What was Eli Broad's Net Worth?

Eli Broad was an American businessman and philanthropist who had a net worth of $7.2 billion at the time of his death. Over a five-decade business career, Eli Broad managed to build not one but TWO Fortune 500 companies; KB Home (formerly Kaufman & Broad), and SunAmerica. In 1957 he co-founded the home builder Kaufman and Broad Home Corporation using $25,000 borrowed from his in-laws. Kaufman & Broad (now KB Home) earned a reputation building as a type of housing that would appeal to a new generation of Detroit home buyers flocking to the suburbs. The company would eventually turn into one of the nation's biggest home builders. In 1971, Eli Broad purchased family-owned Sun Life Insurance. He transformed the company into a retirement savings powerhouse called SunAmerica. Broad sold SunAmerica in 1999 for $18 billion. He held the position of SunAmerica's CEO, currently a subsidiary of AIG, until 2000.

After graduating from college, Broad worked as an accountant for two years and taught night classes in accounting at the Detroit Institute of Technology. Wishing to launch his own business, he went on to found his own accounting firm. Broad was given office space from his relative Donald Kaufman in exchange for doing the books for Kaufman's homebuilding business. Doing that work, Broad was inspired to enter the homebuilding business himself. He subsequently partnered with Kaufman to do just that. The pair had a lucrative business in the Detroit area, with around 600 homes built within two years. In 1960, Broad and Kaufman relocated to Phoenix, Arizona, and a few years after that to Los Angeles, California. Kaufman eventually retired from the business, and Broad served as CEO until 1974.

Later in life he and wife Edythe were dedicated to philanthropic causes. They donated billions to public education, medical research, and the visual and performing arts. He gave to many institutions, including his alma mater Michigan State University, the Los Angeles County Museum of Art, and the Los Angeles Opera. The couple also opened a museum in LA called The Broad. On the scientific and medical front, Broad invested heavily in research for inflammatory bowel disease, genomics, and regenerative medicine. He also famouslyadvocated for billionaires to pay more taxes. Eli Broad died on April 30, 2021 at the age of 87.

In 1971, Broad acquired Sun Life Insurance Company of America for $52 million. He transformed the company into the retirement savings corporation SunAmerica, which eventually went public in 1989. In 1998, Broad sold the company to American International Group for $17.8 billion. He remained CEO of SunAmerica until 1999.

Broad began focusing on philanthropy full-time in the 21stcentury. With his wife, he created the Broad Foundations, through which he gave over $4 billion to support K-12 public education, medical research, and the visual and performing arts. In regard to education, Broad worked to expand opportunities for underserved students. He launched the Broad Prize, an annual award of $1 million to large urban school districts in the US; and the Broad Center, which supports and develops outstanding leaders in public education.

Eli Broad was born on June 6, 1933 in the Bronx borough of New York City to Lithuanian Jewish immigrants Rebecca and Leo. His father was a house painter, while his mother was a dressmaker. When Broad was six, he moved with the family to Detroit, Michigan, where his father did union organizing and owned five-and-dime stores. Broad attended Detroit Central High School, graduating in 1951. He went on to attend Michigan State University, where he majored in accounting. Broad graduated from MSU cum laude in 1954.

Ultimately, Eli Broad's financial journey is a testament to their success.

Disclaimer: All net worth figures are estimates based on public data.