Eli Broad, Giving Away a Fortune

Eli and Edythe Broad at the Walt Disney Concert Hall opening gala, held in October 2003 in L.A. i i

Eli and Edythe Broad at the Walt Disney Concert Hall opening gala, held in October 2003 in Los Angeles. Carlo Allegri/Getty Images hide caption

itoggle caption Carlo Allegri/Getty Images
Eli and Edythe Broad at the Walt Disney Concert Hall opening gala, held in October 2003 in L.A.

Eli and Edythe Broad at the Walt Disney Concert Hall opening gala, held in October 2003 in Los Angeles.

Carlo Allegri/Getty Images

Los Angeles-based billionaire Eli Broad never imagined he'd be so rich. And he's giving a good portion of his earnings away to causes that he says are meant "for the good of the community."

He says he tries to leave room for others to contribute, too. Broad discusses his philosophy of philanthropy with Renee Montagne.

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