The entrepreneur-turned-collector financed the Broad museum in LA, and made huge donations to Yale, Harvard and MIT

Eli Broad, the billionaire entrepreneur turned philanthropist and art collector who played an outsized role in shaping the art and cultural scene of Los Angeles, has died at the age of 87.

Broad passed away at Cedars-Sinai medical centre in Los Angeles following a long illness, said Suzi Emmerling, a spokeswoman for the Eli and Edythe Broad Foundation.

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