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Why and how Eli Broad is giving billions away
"I believe in two things: One, 'He who dies with wealth dies in shame.' And someone once said, 'He who gives while he lives also knows where it goes,'"
- Eli Broad
In this era of belt tightening, it's kind of refreshing to take a look at people whose happiest pastime is to give money away. Such a man is 77-year-old Eli Broad, a self-made billionaire, art collector and for the past ten years one of the most consistently generous philanthropists in America - supporting education reform, medical research and the arts.
Broad thinks big, but his critics say he can act very small: that he may give billions away, but that he tries to micromanage almost every dollar he gives. Broad doesn't really care what they say - all he wants to do is die poor. Well, relatively poor.