is a donor to California ballot proposition campaigns
, as well as political campaigns in other states. Broad, a billionaire, is based in Los Angeles. Broad is ranked by Forbes
as having a net worth in 2011 of $5.8 billion, making him the 173rd wealthiest person in the world
Broad is a member of the Think Long Committee for California. This group announced in November 2011 that it plans to submit an initiative proposal for the state's November 2012 ballot to raise taxes in the state by $10 billion.