⬅ # 384 Jean Salata|# 386 Robert Ng

# 385 Edythe Broad 

$7.13B

Real Time Net Worth
as of 6/24/2024

# 385 Edythe Broad 

$7.13B

Real Time Net Worth
as of 6/24/2024
OccupationHeiress and Philanthropist
Source of WealthHomebuilding, Insurance
Age88
ResidenceLos Angeles, California
Marital StatusWidowed
Children2
Age-Adjusted Net Worth$1.07B
Edythe Broad
Edythe Broad
United States
Net worth: $7.13B

Self-Made Score 

Wealth History

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Biography

Overview

Edythe Broad is an American art collector and philanthropist.
She was married to billionaire businessman Eli Broad from 1954 until his death in April 2021.

Philanthropic Work

Edythe and Eli Broad established two foundations supporting medical research, public education, and the arts.
The Broad Foundations, including The Eli and Edythe Broad Foundation and The Broad Art Foundation, have assets of $3 billion.
The foundations have pledged or given away over $4 billion in grants, supporting various causes.

The Broad Foundations

Founded by Edythe and Eli Broad, The Broad Foundations support entrepreneurship in education, science, and the arts.
The Eli and Edythe Broad Foundation focuses on developing leaders for urban public schools through The Broad Center.
The Broad Art Foundation, established in 1984, has provided nearly 600 museums and university galleries worldwide with over 8,800 loans of artwork.

Legacy and Impact

Edythe Broad continues the visionary work in philanthropy initiated by her and Eli.
The Broad Institute, a global genomics leader, and The Broad, a contemporary art museum in Los Angeles, are among the institutions created through their foundations.
Their dedication to philanthropy and entrepreneurship has left a significant impact on education, science, and the arts.

How long would it take you to become as rich as Edythe Broad?

If you started with $10,000 and invested an additional $500 each month at a 44.13% CAGR, it would take you 5 years to reach Edythe Broad's net worth of $7.13B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 48.35% compared to 16.28% for the S&P 500 benchmark.

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Edythe Broad is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Edythe Broad, Homebuilding and Insurance are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey