Billionaire Eli Broad, who reshaped Los Angeles' landscape, dead at 87

AP17286613523150 — In this Sept. 16, 2015 file photo Eli Broad poses for a photo at his museum, "The Broad" in downtown Los Angeles.
AP Photo/Richard Vogel, File

Businessman and philanthropist Eli Broad died Friday at the age of 87 after a lengthy illness.
The self-made billionaire helped shape the city of Los Angeles, building museums and funding cultural institutions.
Broad built two Fortune 500 companies during his lifetime, and Forbes estimated his fortune at $6.9 billion.
See more stories on Insider's business page.

Eli Broad, a philanthropist and self-made billionaire who used his fortune to reshape the culture of the city of Los Angeles, died Friday at Cedars-Sinai Medical Center in Los Angeles at the age of 87.

Broad built two Fortune 500 companies during his life and played a role in funding and shaping institutions like the Walt Disney Concert Hall and the Los Angeles Museum of Contemporary Art. The businessman went on to build his own museum in the heart of LA, a city he loved and helped make a cultural capital.

A spokeswoman for the Eli and Edythe Broad Foundation told The New York Times his death came after a lengthy illness.

The New York native chose California as his home and found massive success in the home construction and insurance industries. Forbes estimated his fortune at $6.9 billion.

"There's no curtain you can't get through in Los Angeles - no religious curtain, no curtain about where you came from," Mr. Broad told The Times in 2001. "It's a meritocracy, unlike some other cities. If you have ideas here, if you have energy, you'll be accepted. I love LA."

This story is developing. Please check back for updates.

Read the original article on Business Insider

from Business Insider https://ift.tt/3ueOowc
via IFTTT

Comments

Instagram accidentally reinstated Pornhub’s banned account

After years of on-and-off temporary suspensions, Instagram permanently banned Pornhub’s account in September. Then, for a short period of time this weekend, the account was reinstated. By Tuesday, it was permanently banned again. “This was done in error,” an Instagram spokesperson told TechCrunch. “As we’ve said previously, we permanently disabled this Instagram account for repeatedly violating our policies.” Instagram’s content guidelines prohibit nudity and sexual solicitation . A Pornhub spokesperson told TechCrunch, though, that they believe the adult streaming platform’s account did not violate any guidelines. Instagram has not commented on the exact reasoning for the ban, or which policies the account violated. It’s worrying from a moderation perspective if a permanently banned Instagram account can accidentally get switched back on. Pornhub told TechCrunch that its account even received a notice from Instagram, stating that its ban had been a mistake (that message itse...

The Nintendo Switch has been the US’s bestselling console for 23 straight months

Photo by James Bareham / The Verge It’s been a good two years for the Nintendo Switch. According to Nintendo, the gaming tablet has been the bestselling console in the US for 23 straight months. And according to data from the NPD Group, it just had its best October ever, moving 735,926 units of both the Switch and Switch Lite in the US. The company says that represents a 136 percent increase compared to last year. To date, the Switch has sold 22.5 million units in the US, and last week Nintendo revealed that more than 68 million units have been sold globally . “We’re excited about our momentum,” says Nick Chavez, Nintendo of America’s SVP of sales and marketing. Chavez puts the company’s big October down to two main factors. One is a better supply of stock; this year in particular, it’s often been hard to find a Switch on store shelves. This has only been exacerbated by increased demand due to a combination of the pandemic and the breakout success of Animal Crossing: New Horizons . ...

Richard Branson is renting out his private estate on his second Caribbean island for the first time at $25,000 a night. Take a look inside the 3-villa compound.

The Branson Estate. Virgin Limited Edition Richard Branson's private Caribbean island, Moskito Island, is opening to the public for the first time. Guests can rent Branson's entire personal estate - which can house 22 guests in three villas - starting at $25,000 per night. It's just 2.5 miles from his other private island, Necker Island. See more stories on Insider's business page . Richard Branson, billionaire business magnate and Virgin Group founder, is opening up his private estate on his second Caribbean island to the public for the first time. Richard Branson in Australia in November 2019. Getty Images/Don Arnold/WireImage Branson, who's worth $4.9 billion and whose businesses ventures span airlines, luxury travel, space travel, telecom, and more, bought Moskito Island for a reported $10 million in 2007. Moskito Island is not to be confused with Branson's other private Caribbean island, Necker Island, which Branson bought in 1978 and wh...

Tech Boys

Search This Blog