“Eli Broad is Los Angeles’ biggest philanthropist, who has given away over $2 billion, but he and his wife Edythe pledged on June 16 to do even better in the future by distributing 75 percent of their total wealth, currently standing at $5.7 billion, “during and/or after our lifetimes.â€
“In announcing the pledges, Broad joined two of America’s wealthiest philanthropists, Bill Gates and Warren Buffett, in their so-called “The Giving Pledge,†which urges wealthy Americans to donate at least half their fortunes to charitable causes.”
“Born into a “liberal Jewish household†of Lithuanian immigrants in New York City, Broad, now 77, moved to Los Angeles in 1961, making an initial fortune as mass homebuilder, and a second through the giant financial services company SunAmerica.”
Full article here: JewishJournal.com