David Koch Net Worth, Bio, Age, Family,

Filed in Bio, Wiki, Age by on August 23, 2019

David Koch Net Worth

David Koch Net Worth: David Hamilton Koch an American businessman. He is also philanthropist, political activist, and chemical engineer. Who joined the family business Koch Industries. The second-largest privately held company in the United States, in 1970.

 

David Koch Net Worth, Bio, Age, Family,

Born: May 3, 1940, Wichita, KS
Died: August 23, 2019
Net worth: US$51 billion (June 2019)
Spouse: Julia Margaret Flesher (m. 1996)
Children: Mary Julia Koch, John Mark Koch, David Koch Jr.
Education: Massachusetts Institute of Technology (1963),

Friday morning, August 23, It was announced that billionaire David Koch passed away at the age of 79, following a 27-year battle with prostate cancer. According to Forbes, the famed industrialist, philanthropist, and conservative political activist leaves behind a net worth of $50.5 billion, which made him the 11th richest person in the world.

David’s brother, Charles, with whom he owned Koch Industries, confirmed his passing, saying in a statement “It is with a heavy heart that I announce the passing of my brother David. Anyone who worked with David surely experienced his giant personality and passion for life.”

Here’s what you need to know about David Koch’s net worth:

1. Koch Industries Owns 12 Companies & Has Revenues of $110 Billion

2. Koch Donated an Estimated $1.2 Billion to Philanthropic Causes

3. Koch Gave Over $2 Million to His 1980 Vice Presidential Campaign

4. David & Charles Offered a $889 Million Budget During the 2016 Presidential Elections

5. He Purchased a $40 Million New York City Home in 2018

 

och Industries has revenues of $110 billion, which they attribute in large part to their oil refinement as well as production of fertilizer, Dixie cups and Quilted Northern toilet paper.

Although David and his brother Charles maintained majority control over Koch Industries, CNN reported in 2018 that David was stepping down from his roles at Koch Industries. The statement cited Koch’s deteriorating health as the reason, adding “As a result, he is unable to be involved in business and other organizational activities. Because of this, David will be retiring from his responsibilities at Koch and other organizations.”

According to the Koch Industries’ website, their companies include Flint Hills Resources, Georgia-Pacific, Guardian Industries, Invista, Matador Cattle Company, and Molex. Koch also owns companies dealing in AG & Energy Solutions, Disruptive Technologies, Engineered Solutions, Equity Development, Minerals, and Supply & Trading.

Koch Industries employs almost 120,000 people in 50 countries; 65,000 of those jobs are in the United States.

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