Billionaire Eli Broad was the founder of KB Home, one of the country's largest homebuilders, and was also the founder of SunAmerica, the insurance company. Since retiring he has become a major philanthropist.
Son of lithuanian immigrants born in the Bronx, raised in Detroit. Bought first patch of land at age 20. Cofounded Kaufman & Broad with $25,000 borrowed from in-laws; became one of nation's biggest home builders supplying parents of baby boomers with affordable housing. Bought Sun Life Insurance (later renamed SunAmerica) in 1971; sold to AIG in 1998 for $18 billion in cash and stock. Massive art collection recently appraised at $1.9 billion; owns largest Jeff Koons collection in world.more » « less