The Richest People In America: Eli Broad

©Fred Prouser / Reuters

#48 Eli Broad

$6.7 billion
Source: investments

Son of lithuanian immigrants born in the Bronx, raised in Detroit. Bought first patch of land at age 20. Cofounded Kaufman & Broad with $25,000 borrowed from in-laws; became one of nation's biggest home builders supplying parents of baby boomers with affordable housing. Bought Sun Life Insurance (later renamed SunAmerica) in 1971; sold to AIG (nyse: AIG - news - people ) in 1998 for $18 billion in cash and stock. Massive art collection recently appraised at $1.9 billion; owns largest Jeff Koons collection in world.

Complete List The Richest People In America

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