Eli Broad, Il Magnifico

By Laurie Bennett

December 16, 2010 at 9:21am

He has been called the Lorenzo de Medici of Los Angeles.

Having made billions in home construction, financial services and investments, Eli Broad is now contributing hundreds of millions to art.

As the New Yorker noted in a recent profile, Broad has stepped into the breach left by the decline of the city’s old power structure. The Committee of Twenty-five - the business leaders who ran Los Angeles decades ago - no longer exists. The Chandlers no longer control the Los Angeles Times and its circulation area.

Broad, 76, has given away more than $2 billion, much of it going to local institutions such as the California Institute of Technology, Broad Stage and the Los Angeles Opera.

Eli Broad
Eli Broad

His pride, though, is the L.A. art world. He has bailed out the struggling Museum of Contemporary Art and is a life trustee of the Los Angeles County Museum of Art.

Relations with the two institutions have been stormy at times, and now he is establishing his own museum, the Broad Collection, to be built in downtown L.A., next to MOCA.

Although Broad has said the collection will work closely with the MOCA, many question the city’s ability to support three major art museums.

Broad, however, is wildly optimistic. “There is no question that Los Angeles has become the contemporary-art capital of the world,” he announced at a MOCA fundraising gala last month.

Follow Muckety on Twitter Tweet This! Share on Facebook

Click here to sign up for the Muckety Newsletter

 Read related stories: Arts · Recent Stories  


  • There are no comments yet, be the first by filling in the form below.

Leave a Comment

The relationship map to the left is interactive.
• Solid lines are current relations. Dotted lines are former relations.
• Expand items with + signs by double-clicking or by selecting multiple items in the map and pressing the "e" key.
• Move an item in the map by clicking and dragging.
• You can also delete items, separate boxes and save maps. Right-click on the map or select Map Tools for these options.
• Find out more about an item in the map by right-clicking on the item and choosing Information about...
• View map color key.
• This interactive map requires Flash player.

Become a fan of Muckety on Facebook

  • Search for stories
    Special Features

Follow Muckety on Twitter Follow Muckety on Twitter
Muckety has no direct connection to most of the people or organizations listed on these pages.
We are unable to forward personal messages or provide personal contact information.
We make every effort at Muckety to ensure that our data is correct and timely. However, relationships are in constant flux and we cannot guarantee accuracy. If you come across incorrect or outdated information, please let us know by email.
© 2017 Muckety LLC