“Los Angeles is such a great meritocracy. Where can someone with my background - don't have the right family background, the right religion, the right provenance or whatever you want to call it - I come here and I'm accepted. The city's been good to me. And I want to give back.”

American businessman and philanthropist

Eli Broad was an American businessman and philanthropist. He was known for his work in business and for directing major gifts toward public education, scientific and medical research, and the visual and performing arts. His philanthropy focused especially on changing public K to 12 education toward charter school models. In June 2019, Forbes ranked him among the wealthiest people in the world and in the United States, with an estimated net worth of $6.7 billion.