21 Sep Billionaire Builds $140 Million Museum For His Art And Opens To The Public For Free
Billionaire Eli Broad (worth an estimated $7.4 billion) has amassed one the most enviable art collections in the world. And now that Broad and his wife are in their twilight years, they’ve decided to make that collection public.
Typically a collection this important – Warhol, Johns, Sherman, Koons; all the names are there – would be shipped of to the MET or some other gallery of note. But Broad had other ideas for his 2,000-plus piece collection.
Fearing that the majority of his collection would be put into storage and never see the light of day, Broad decided to build his own light-filled public art museum in Downtown L.A. The project cost $140 million, and, by the way, it is completely free!