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John Mark Koch Bio
John Mark Koch is the youngest son of conservative billionaire Dav H. Koch and Julia Margaret Flesher. He has a sister, Mary Julia Koch, and a brother, Dav Koch Jr.
John Mark Koch Age
Details about the birth date of Mark Koch’s son of a conservative billionaire and philanthropist are not known, so it is not known when he will celebrate his birthday. He likes to keep his personal affairs out of the public eye which makes it difficult to know his age so this information will be updated as soon as it becomes available.
John Mark Koch Family
Mark was born to American businessman, philanthropist, political activist and chemical engineer Dav Koch and his wife Julia Margaret Flesher. His grandparents are Mary Clementine and Fred Chase Koch, a chemical engineer. Although his paternal great-grandfather, Harry Koch, was a Dutch immigrant, he founded the Quanah Tribune-Chief newspaper and was a founding shareholder of Quanah, Acme and Pacific Railway.
He has three uncles: Frederick R. Koch, a collector and philanthropist, Charles Koch, a businessman and political donor, and his father’s 19-minute twin, Bill Koch, who is also a businessman, sailor, and collector.
John Mark Koch Dav Koch
Dav Koch joined the family business Koch Industries in 1970, the second largest privately held company in the United States. In 1979 he became Present of the Koch Engineering subsiary.
John Mark Koch Father | Dav Koch Death
Koch was diagnosed with prostate cancer. He underwent radiation, surgery and hormone therapy, but the cancer always returned. Koch sa he believes his experience with cancer encouraged him to fund medical research and died on August 23, 2019 at the age of 79.
John Mark Koch Siblings
Mark has an older sister, Mary Julia Koch, and an older brother, Dav Koch Jr.
Koch Brothers
Dav became co-owner of Koch Industries in 1983 with his older brother Charles, who served as executive vice present until his retirement in 2018. In his retirement in June 2018 due to health reasons, Koch received the title of director emeritus.
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Koch was a founded Citizens for a Sound Economy. John and his brother Charles have donated to political advocacy groups and political campaigns that are almost exclusively Republican. In June 2019, he was ranked the 11th richest person in the world (along with his brother Charles) with a fortune of $48 billion. The Condé Nast Portfolio described him as “one of America’s most generous but reticent philanthropists.”
John mark Koch Body Measurements
Height: Not available. Weight: Not available. Shoe size: Not available. Body shape: Not available. Hair color: Not available.
John Mark Koch Father Salary/ Dav Koch Salary
American financial conservative Dav Koch earned 10,000 as an annual salary.
John Mark Koch Father Net Worth/ Dav Koch Net Worth
The American businessman and philanthropist has an estimated net worth of $48.5 billion made through his successful career as a businessman or philanthropist. In 2018 he was ranked the 11th richest person in the world.
Frequently Asked Questions About John mark
Who is John mark?
John Mark Koch is the youngest son of conservative billionaire Dav H. Koch and Julia Margaret Flesher.
How old is John Koch?
Additionally, details of John Koch Mark’s birth details have not yet been released.
How tall is John?
Information not available.
Is John Koch married?
John is not married but his father Koch was married to his lovely wife Julie Margaret Flesher.
How much is John Koch’s worth?
John’s net worth information has not yet been released but his father Koch, an American Conservative, had an estimated net worth of $48.5 billion
How much does John Koch make?
Koch’s annual salary is estimated at 10,000.
Is John Koch dead or alive?
Koch father of John is dead. He died on August 23, 2019. Koch was diagnosed with prostate cancer. He underwent radiation, surgery and hormone therapy, but the cancer always returned.
What is the Koch family net worth?
The Kochs with $124 billion.
What is David Koch net worth?
As of June 2019, Koch was ranked as the 11th-richest person in the world (tied with his brother Charles), with a fortune of $50.5 billion.
How did the Kochs make their money?
Charles and David Koch built a political network of libertarian and conservative donors and the brothers funneled financial revenue into television and multi-media advertising.
Is Bill Koch a billionaire?
William Ingraham Koch (/ˈkoʊk/; born May 3, 1940) is an American billionaire businessman, sailor, and collector. His boat was the winner of the America’s Cup in 1992. Forbes estimated Koch’s net worth at $1.8 billion in 2019, from oil and other investments.
Is Nick Cannon family rich?
Nick was raised by his paternal grandparents when his parents divorced. He grew up in housing projects in a rough neighborhood while his father, James, moved to another state. But both he and his father are now separately millionaires.
What is Mark Zuckerberg’s net worth?
How much is Elon Musk worth?
Who is Charles Koch’s wife?
How old is Charles Koch?
Who owns Koch?
| Type | Private |
|---|---|
| Revenue | US$115 billion (2020) |
| Owner | Charles Koch (42%) Heirs of David Koch (42%) Trusts for the benefit of Elaine Tettemer Marshall, Preston Marshall, and E. Pierce Marshall Jr. (16%) |
| Number of employees | 100,000 (2019) |
Do the Koch brothers own Bounty paper towels?
Koch Brothers Products: Paper Products
Georgia-Pacific owns all of the brands above, and also distributes paper towels, napkins and soap dispensing systems used in commerical settings.
How many companies does Koch Industries own?
Koch Industries, Inc. is the second-largest privately-held company in the United States, a conglomerate of more than twenty companies with $115 billion in annual sales.
How much land do Koch brothers own?
An earlier report from IGF put the Koch’s land holdings at nearly 2 million acres, an amount, it estimated, that put them in a position to reap as much as $100 billion from Keystone.
How old is Bill Koch?
Which Koch brother lives in Palm Beach?
Bill Koch lives down the road from Donald Trump in Palm Beach.
Julia Koch Documentary: Koch Industries Heiress
Images related to the topicJulia Koch Documentary: Koch Industries Heiress
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John Mark Koch Bio, Age, Father, Father’s Death, Net Worth o
John Mark Koch BioJohn Mark Koch is the youngest son of the conservative billionaire Dav H. Koch and Julia Margaret Flesher. He has a sister Mary Julia.
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Date Published: 10/23/2022
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John Mark Koch Bio, Wiki, Age, Height, Family, Wife, Children …
John Mark Koch is the youngest son of the conservative billionaire Dav H. Koch and Julia Margaret Flesher. · Mark stands at an average height.
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Date Published: 9/1/2022
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David Koch Biography, Age, Wife, Illness, Death, Theatre …
Dav Koch was a late American businessman, political activist, … Dav Koch’s net worth was around $50.5 billion at the time of his death.
Source: woodgram.com
Date Published: 10/10/2022
View: 4899
How Oil Heir and New York Arts Patron David Koch Became …
With an estimated net worth of $17.5 billion, Koch is the second-richest man in New York City, behind Michael Bloomberg.
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Date Published: 2/4/2022
View: 5263
John Mark Koch Bio, Wiki, Age, Height, Family, Wife, Children, Siblings, Job and Net Worth
John Mark Koch Biography
John Mark Koch is the youngest son of conservative billionaire David H. Koch and Julia Margaret Flesher. He has a sister, Mary Julia Koch, and a brother, David Koch Jr.
10 facts about John Mark Koch
Name: John Mark Koch Age: Verifying Birthday: Verifying Height: Verifying Weight: Verifying Nationality: American Marital Status: Single Occupation: Verifying Famous For: His son of billionaire David H. Koch Net Worth: $15 million
Age of John Mark Koch
Mark’s age, date of birth and birthday are not publicly available. We will update this section as soon as this information becomes available.
John Mark Koch Height
Mark is at an average height. It appears to be quite large judging by its photos compared to its surroundings. However, details of his actual height and other body measurements are not publicly available at this time. We will update this section as information becomes available.
John Mark Koch family
Mark was born to American businessman, philanthropist, political activist and chemical engineer David Koch and his wife Julia Margaret Flesher. His grandparents are Mary Clementine and Fred Chase Koch, a chemical engineer. Although his paternal great-grandfather, Harry Koch, was a Dutch immigrant, he founded the Quanah Tribune-Chief newspaper and was a founding shareholder of Quanah, Acme and Pacific Railway.
He has three uncles: Frederick R. Koch, a collector and philanthropist, Charles Koch, a businessman and political donor, and his father’s 19-minute twin, Bill Koch, who is also a businessman, sailor, and collector.
John Mark Koch David Koch
In 1970, David Koch joined the family company Koch Industries, the second largest private company in the United States. David became President of the Koch Engineering subsidiary in 1979.
John Mark Koch’s father David Koch’s death
David Koch was diagnosed with prostate cancer. David underwent radiation, surgery and hormone therapy, but the cancer kept coming back. Koch said he believes his experience with cancer encouraged him to fund medical research. Koch died on August 23, 2019 at the age of 79.
John Mark Koch wife
Mark has not gone public with his relationship, it is not publicly known if he is married or in a relationship. His partner’s information will be updated as information becomes available
John Mark Koch siblings
Mark has an older sister, Mary Julia Koch, and an older brother, David Koch Jr.
John Mark Koch Net Worth
Mark has an estimated net worth of $1 million as of 2021. This includes his assets, money and income. His main source of income is his career as a celebrity son. Through his various sources of income, Mark has been able to amass a fortune but prefers to lead a modest lifestyle.
John Mark Koch Measurements and Facts
Here are some interesting facts and body measurements you should know about John Mark.
John Mark Wiki
Full Names: John Mark Koch
Popular as: David Koch’s son
: Son of David Koch Gender: Male
Male Profession/Occupation: Celebrity Son
: Celebrity Son Nationality : American
: American Race/Ethnicity : Not available
: Not available Religion : Not known
: Unknown Sexual orientation: Hetero
John Mark’s birthday
Age / How old? : To be updated
: Updating Zodiac : Updating
: Will be updated. Date of Birth : Will be updated
: Will be updated. Birthplace : Will be updated
: Will be updated. Birthday: Will be updated
John Mark body measurements
Body measurements: Not available
: Not available Size / How big? : Not known
: Unknown Weight : Unknown
: Not known Eye color : Not available
: Not available Hair color : Not available
: Not available Shoe size: Not available
John Mark Family and Relationship
Father (father): David Koch
: David Koch Mother : Julia Margaret Flesher.
: Julia Margaret Fleischer. Siblings (brothers and sisters): Mary Julia Koch and David Koch Jr.
: Mary Julia Koch and David Koch Jr. Marital status : Single
: Single wife/spouse : Not available.
: Not available. Dating / Girlfriend : Not applicable
: Not applicable Children: To be updated
John Mark net worth and salary
Net worth: $1 million
: $1 million salary : Under review
: Under review Source of Income: Celebrity Son
John Mark house and cars
Residence: To be updated
: Cars to update: Car brand to update
Frequently asked questions about John Mark
Who is John Mark Koch?
Mark is the youngest son of conservative billionaire David H. Koch and Julia Margaret Flesher.
How old is John Mark Koch?
Mark’s age, date of birth and birthday are not publicly available.
How tall is John Mark?
Mark is at an average height.
Is John Mark married?
John is not married but his father Koch was married to his beautiful wife Julie Margaret Flesher.
How much is John Marks worth?
Mark has an estimated net worth of $1 million as of 2021.
Is John Mark dead or alive?
Markus is alive and in good health. There were no reports that he was ill or had any health problems.
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Top 10 Wealthiest Families Worldwide
Regardless of your particular financial situation, keeping an eye on the ultra-rich—whether with admiration, envy, or resentment—may be more enjoyable and less taxing than researching a mortgage, shopping with online brokers, or delving into complex topics in finance and business schools. how exchange traded funds work and the pros and cons of gross domestic product (GDP).
Certainly the attraction of wealthy families reflects a culture that fetishizes wealth and idolizes the rich. The upper echelons of business leaders are a type of celebrity vetted for their ability to perform as athletes, actors, and politicians. Successful family businesses can have universal appeal. Few of us ever become billionaires, but everyone has families. In addition, family businesses imply values such as authenticity, tradition, heritage, lineage and quality. And wealthy families advise royalty, especially when the wealth spans generations.
For the sake of simplicity, we’ve limited our list of the wealthiest families to those groups who originally made their fortunes through business, although some heirs who still enjoy the money were not employed in the business.
KEY FINDINGS At $238 billion, the Waltons are the richest family in the world thanks to their massive stake in Walmart, the world’s top-grossing company.
The fourth generation of the Mars family, the second wealthiest clan after the Waltons, currently runs the Mars candy company of the same name.
Although the House of Saud’s fortune is estimated at $100 billion, it is difficult to accurately estimate, due in large part to the size of the royal family.
At number 25 on the list is the Johnson family, who are still worth $34 billion thanks to their cleaning product line.
By focusing solely on families, this list does not include the richest people in the world, including Jeff Bezos and Elon Musk.
1. Walton family
Estimated fortune: $238 billion
$238 billion company: Walmart
The Waltons are the richest family in America – and in some ways the richest in the world. At the top of the value chain, Alice, Jim and Rob Walton are each worth over $60 billion in 2022 and rank 16th, 18th and 19th on Forbes’ billionaires list, respectively.
Walmart is a retail giant. Founded in 1962 by Sam Walton in Arkansas, Walmart is now the largest company in the world with sales of $524 billion and over 2.3 million US employees by 2021.
If Walmart employees formed their own city, it would be the third most populous American city. The company operates approximately 10,500 retail stores worldwide and 4,742 stores in the US as of May 2022.
Best known for its large stores in rural and suburban America, Walmart is celebrated for its reasonably priced products and criticized for its labor practices. Unlike its competitor Target, the company hasn’t succeeded in bringing its big-box consumer lifestyle to New York City.
2. Mars family
Estimated fortune: $142 billion
$142 billion company: Mars
Mars is the Walmart of candy – a multi-generational family business that’s ubiquitous and hugely popular. Today, the company is better known for making M&Ms than for its namesake Mars bar. In 2017, the world’s largest candy company diversified with the purchase of VCA, a pet care company, for $9.1 billion.
Siblings Jacqueline and John Mars, whose grandfather Frank Mars founded the company, each have net worths of $31.7 billion and are ranked #41 on Forbes’ list of billionaires. The company is now run by some of their children, fourth-generation Mars family members.
3. Cook family
Estimated fortune: $124 billion
$124 billion company: Koch Industries
Charles Koch owes his amazing fortune to an oil company founded by his father, but today he’s perhaps better known to the general public for the politics that dig into his deep pockets to put his stamp on it — funding candidates and libertarian think tanks, funding university professorships and lobbying for political positions, all designed to advance a conservative agenda.
Charles was partnered with his brother David until his death in 2019. Charles is worth an estimated $60 billion and ranks 21st on the Forbes billionaires list with David’s widow Julia Koch and family.
4. Hermès family
Estimated fortune: $112 billion
$112 billion company: Hermès
French fashion house and luxury supplier Hermès has enchanted the world with its signature scarves, ties and perfumes, as well as its iconic Kelly and Birkin handbags. Thierry Hermès was already designing equestrian clothing for the aristocracy in the 19th century.
Today, the company dresses basketball stars like LeBron James. Hermès Apple Watches fuse old and new technology, priced at $1,299 and up. Axel Dumas currently serves as the company’s CEO and Chairman, and Pierre-Alexis Dumas is the Artistic Director.
5. Al Saud
Estimated fortune: $100 billion
$100 billion company: Saudi royal family
The House of Saud, the Saudi royal family, has a monarchical history that stretches back almost a century. The family’s vast fortune, estimated at $100 billion, has grown thanks to decades of payments from the Royal Diwan, the king’s executive office.
Ties to Saudi Aramco, the world’s most profitable company and an oil industry giant, ensure the Saudi royal family continues to amass wealth. It’s difficult to accurately assess the wealth of the House of Saud, in part because the family includes as many as 15,000 extended members, many of whom have started businesses, received government contracts, and more.
6. Ambani family
Estimated fortune: $94 billion
$94 billion company: Reliance Industries
Indian industrial conglomerate Reliance Industries, the only Asian company on our list, is perhaps least well known to the average reader. Still, CEO Mukesh Ambani, whose late father founded the company in 1957, ranks 10th on the Forbes billionaires list and oversees the company’s refineries, petrochemicals, oil, gas and textiles; his brother Anil manages telecommunications, wealth management, entertainment and power generation.
7. Wertheimer family
Estimated fortune: $62 billion
$62 billion company: Chanel
French high fashion house Chanel is legendary for the timeless ‘little black dress’, perfume #5 and the late high profile designer Karl Lagerfeld who died on February 19, 2019.
Brothers Alain and Gerhard Wertheimer are now co-owners of the company that their grandfather built alongside founder Gabrielle Coco Chanel. The brothers are both ranked 43rd on the Forbes billionaires list with a net worth of $31.2 billion each.
8. Johnson family
Estimated fortune: $61 billion
$61 billion company: Fidelity Investments
Founded in 1946 by Edward C. Johnson II, Fidelity Investments is one of the largest financial services firms in the world, providing investment services to millions of people. The firm is now run by Johnson’s granddaughter, Abigail Johnson, who ranks No. 75 on the Forbes billionaires list with a net worth of $21.2 billion.
9. Thomson family
Estimated fortune: $61 billion
$61 billion company: Thomson Reuters
The Thomson family collects their wealth from Thomson Reuters, the media company. The family began in the 1930s when Roy Thomson started a radio station in Ontario, Canada and later switched to newspapers.
Roy Thomson’s grandson David Thomson is Chairman of Thomson Reuters. With a net worth of $49.2 billion, he ranks 26th on Forbes’ list of billionaires.
10. Boehringer, from Baumbach families
Estimated fortune: $59 billion
$59 billion company: Boehringer Ingelheim
Boehringer Ingelheim is a German pharmaceutical company with more than 130 years of history. The Boehringer family, together with the von Baumbachs, still run the company several generations later.
What is the richest family in the world? According to Bloomberg, the Walton family is the richest family in America, and possibly the world, with an estimated net worth of $238 billion as of 2021.
Which 10 families are the richest? The 10 richest families in 2021 by estimated wealth are: The Waltons at $238 billion The Mars family at $142 billion The Kochs at $124 billion The Hermès family at $112 billion The Sauds at $100 billion The Ambanis at 94 billion dollars The Wertheimers with $62 billion The Johnsons with $61 billion The Thomsons with $61 billion The Boehringers and von Baumbachs with $59 billion
Who are the richest people in the world? The three richest in the world as of May 2022 are Elon Musk, CEO of Tesla, Jeff Bezos, founder of Amazon, and Bernard Arnault, chairman of LVMH Moet Hennessy Louis Vuitton.
The final result
Admittedly, this list may read as a naked celebration of wealth at a time of rising global inequality and the dwindling middle class, or as the connivance of mindless consumption at a time when the future of wealth itself is being called into question by technological disruption and climate change . Additionally, the focus on families means the list doesn’t include the three richest people in the world.
David Koch
American billionaire heir and businessman (1940–2019)
This article is about the American businessman. For other uses, see David Koch (disambiguation)
David Hamilton Koch (May 3, 1940 – August 23, 2019) was an American businessman, political activist, philanthropist, and chemical engineer. In 1970 he joined the family business Koch Industries, the largest privately held company in the United States. He became president of the Koch Engineering subsidiary in 1979 and co-owner of Koch Industries in 1983 (along with his older brother Charles). Koch served as Executive Vice President of Koch Industries until his retirement in 2018 due to health reasons.
Koch was a libertarian. He was the 1980 Libertarian nominee for Vice President of the United States and helped fund the campaign. He founded Citizens for a Sound Economy and made donations to advocacy groups and political campaigns, most of which were Republican. Koch became a Republican in 1984; In 2012, he spent over $100 million in a failed attempt to oppose President Barack Obama’s re-election.
Koch was the fourth richest person in the United States as of 2012 and the richest resident of New York City as of 2013. As of June 2019, Koch was ranked the 11th richest person in the world (along with his brother Charles). with a fortune of $50.5 billion. Koch contributed to Lincoln Center, Sloan Kettering, New York–Presbyterian Hospital, and the Dinosaur Wing of the American Museum of Natural History. The New York State Theater at Lincoln Center, home of the New York City Ballet, was renamed the David H. Koch Theater in 2008 after Koch donated $100 million toward the theater’s renovation.
Early life and education[edit]
Koch was born in Wichita, Kansas to Mary Clementine (née Robinson) and Fred Chase Koch, a chemical engineer. David’s paternal grandfather, Harry Koch, was a Dutch immigrant who founded the Quanah Tribune-Chief newspaper and was a founding shareholder of the Quanah, Acme and Pacific Railway.[3] David was the third of four sons with older brothers Frederick, Charles and twin [4] Bill, who was nineteen minutes younger. His maternal ancestors included William Ingraham Kip, an episcopal bishop; William Burnet Kinney, a politician; and Elizabeth Clementine Stedman, a writer.[5]
Koch attended Deerfield Academy Prep School in Massachusetts, graduating in 1959. He attended the Massachusetts Institute of Technology (MIT) and earned both a bachelor’s (1962) and master’s degree (1963) in chemical engineering. He was a member of the Beta Theta Pi fraternity. Koch played basketball at MIT and averaged 21 points per game over three years at MIT, a school record. He also held the single-game record of 41 points from 1962 to 2009, when he was eclipsed by Jimmy Bartolotta.
Role at Koch Industries[edit]
In 1970, Koch joined Koch Industries under his brother Charles to work as a technical services manager. He established the company’s New York office and in 1979 became president of his own Koch Engineering division, which was renamed the Chemical Technology Group. David’s brothers Frederick and Bill had inherited shares in Koch Industries. In June 1983, after a bitter legal and board battle, Frederick and Bill’s shares were purchased for $1.1 billion and Charles Koch and David Koch became majority owners of the company.[6][7] The lawsuits against Charles and David lasted approximately two decades. Frederick and Bill once sided with J. Howard Marshall III, J. Howard Marshall II’s eldest son, against Charles and David to take over the company. In 2001, Bill settled a lawsuit accusing the company of sourcing oil from federal and Indian lands. this settlement ended all litigation between the brothers.[8] CBS News reported that Koch Industries has settled for $25 million.[9]
As of 2010, David Koch owned 42 percent of Koch Industries, as did his brother Charles.[2] He held four US patents.[10] Koch served as Executive Vice President of Koch Industries until his retirement in 2018 due to health reasons.[11] His resignation was announced on June 5, 2018.[12]
Political commitment[edit]
Campaigns[ edit ]
Cook 1980
Koch was the Libertarian Party’s vice presidential nominee in the 1980 presidential election[13] and shared the party ticket with presidential nominee Ed Clark. The Clark-Koch ticket promised the abolition of Social Security, the Federal Reserve Board, welfare, minimum wage laws, corporate taxes, all price supports and subsidies to agriculture and business, and US federal agencies including the SEC, EPA, ICC, FTC, OSHA, FBI, CIA and DOE.[1][14] The ticket received 921,128 votes, 1% of the total statewide vote, [15] the best result of the Libertarian Party’s national ticket until 2016 in terms of percentage and best result in terms of raw votes until the 2012 presidential election, although surpassed that number was back in 2016.[16][17] “Compared to what [libertarians] had gotten before,” Charles said, “and where we were as a movement or as a political/ideological view, to get 1 percent of the vote was quite remarkable.”[18]
After the offer, according to journalist Brian Doherty’s Radicals for Capitalism, Koch viewed politicians as “actors acting out a script”.[1][19]
Koch cited Roger MacBride’s 1976 presidential campaign as his inspiration to get involved in politics:
Here was a great guy who advocated all the things that I believed in. He wanted less government and taxes and was talking about repealing all those victimless crime laws that had been piling up on the books. I have friends who smoke pot. I know many homosexuals. Treating them as criminals is ridiculous – and here was someone running for President who said exactly that.[14]
Koch gave his own vice presidential campaign $100,000 a month after being selected as Ed Clark’s vice presidential nominee. “We’d like to abolish the federal election commission anyway and all restrictions on campaign spending,” Koch said in 1980. When asked why he was running, he replied, “God knows I didn’t need a job, but I believe what the libertarians say. I take it “Well, if they hadn’t come, I could have made a great Republican from Wichita. But hell – everyone from Kansas is a Republican.”[14]
In 1984, Koch broke with the Libertarian Party when it supported abolition of all taxes; In a letter to David Bergland, the libertarian candidate for the 1984 presidential election, Koch called Bergland’s program “extreme” and predicted that the country would be plunged into “utter chaos” if implemented. Koch subsequently shifted the bulk of his financial support to the Republican Party, although he continued to contribute to several libertarian campaigns in local races. [2]: 4 Koch donated to various political campaigns, most of which were Republican. [20] 21] In February 2012, during the Wisconsin gubernatorial election, Koch said of Wisconsin Governor Scott Walker, “We’re helping him as we should. We’ve gotten pretty good at it over the years. We spent a lot of money in Wisconsin. We’re going to spend more,” and said that by “we” he meant Americans for Prosperity.[22][23][24][25][26]
In 2012, Koch spent over $100 million in a failed attempt to oppose President Barack Obama’s re-election.[27][28]
Views [ edit ]
Koch supported policies that promoted smaller government and lower taxes.[29][30] He opposed the Patient Protection and Affordable Care Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act.[2][29] Koch said he wasn’t sure if global warming was anthropogenic and thought a warmer planet would be “good” since extended growing seasons would mitigate problems caused by disappearing coastlines and mass migrations. “The earth will be able to feed vastly more people because there will be a much larger area of land available for food production.”[2][29] Koch opposed the Iraq war, saying the war was over “Cost a lot of money and taken so many American lives” and “I wonder if that was right. In hindsight, that doesn’t seem like good policy.”[18] In an impromptu interview with the blog ThinkProgress, he was quoted as saying that he would like the incoming 2011 Republican Congress to “cut spending drastically , balances the budget, reduces regulations, and supports business.”[31] Koch described himself as a social liberal[32] who advocated women’s suffrage,[33] gay rights, same-sex marriage, and stem cell research. [2][34] He opposed the war on drugs.[35]
Koch defied several policies from President Barack Obama. A Weekly Standard article describing the “leftist obsession” with the Koch brothers quotes Koch as saying that Obama is “the most radical president we’ve ever had as a nation … and does more harm to the free market system.” and long-term prosperity than any president we’ve ever had.”[36] Koch said that Obama’s father’s economic socialism practiced in Kenya explains why Obama has “a kind of anti-business and anti-corporate” influences.[18] Koch said Obama was “scary,” a “hard-core socialist” who was “wonderful at pretending to be anything but that.”[37] In 2012, Koch donated almost exclusively to Republican candidates.[38]
Advocacy[edit]
Koch donated funds to various interest groups.[2] In 1984 he founded Citizens for a Sound Economy (CSE).[39] He served as Chairman of the Board of Directors and donated funds to it. Richard H. Fink was its first president.[18] Koch served as board chairman and provided seed funding to the Americans for Prosperity Foundation and a related advocacy group, Americans for Prosperity. A spokesman for Koch Industries issued a press release stating, “No funding was provided by the Koch companies, the Koch Foundations, or Charles Koch or David Koch specifically in support of the Tea Parties.” [40] [41] Koch was the major first funder of the Americans for Prosperity Foundation with $850,000.[42][43] Koch said he sympathized with the Tea Party movement but denied directly supporting it, stating, “I’ve never been to a Tea Party event. No one representing the Tea Party has ever been approached me.”[2]
Koch sat on the board of directors of the libertarian Cato Institute and Reason Foundation and donated to both organizations.[1][2][44] The Koch brothers have been involved in blocking regulations and laws to combat climate change since 1991, when the Cato Institute published the “Global Environmental Crisis: Science or Politics?”[45]
In August 2010, Jane Mayer wrote an article in The New Yorker about the political issues of David and Charles Koch. It states: “As their fortunes grew, Charles and David Koch became the major signers of hard-line libertarian politics in America.”[1] An op-ed by journalist Yasha Levine in the New York Observer said Mayer’s article failed to mention the “philanthropy of the free-market Kochs belies the immense profit they have made from corporate welfare.”[46]
In 2011, 2014 and 2015, Time magazine included Charles and David Koch in its Time 100 for the year for their involvement in supporting the Tea Party movement and the criticism they have received from liberals.
Prison Reform[ edit ]
In July 2015, David and Charles Koch were commended by both President Obama and activist Anthony Van Jones for their bipartisan efforts to reform the United States’ prison system.[49][50] For nearly 10 years, the Kochs championed several reforms within the criminal justice system, including reducing recidivism rates, simplifying the employment process for those rehabilitated, and defending private property from government confiscation through financial collapse.[50][51] Working with groups such as the ACLU, the Center for American Progress, Families Against Mandatory Minimums, the Coalition for Public Safety, and the MacArthur Foundation, the Kochs claimed that the current prison system was unfairly biased towards low-income and minority communities at the expense of public budgets.[50 ]
Philanthropy[ edit ]
Koch established the David H. Koch Charitable Foundation.[52][53] As of 2006, the Chronicle of Philanthropy listed Koch as one of the top 50 philanthropists in the world.[54] He served on the Board of Trustees of New York-Presbyterian Hospital from 1988 until his death in 2019.[55]
Overall, Koch has given more than $1 billion to philanthropic causes.[56] Scammers have routinely (and incorrectly) used his philanthropic reputation to lend credence to phishing emails.[57]
art [edit]
In July 2008, Koch committed $100 million over 10 years to renovate the New York State Theater at Lincoln Center for the Performing Arts. the theater is home to the New York City Ballet.[58] According to The New York Times, Koch’s gift was “transformative and enabled a major renovation of the stage” that included “an enlarged orchestra pit that rises mechanically.” The theater was renamed the David H. Koch Theater.[59] Koch also pledged $10 million to renovate fountains in front of the Metropolitan Museum of Art.[60] In 2008 he was elected to the Board of Trustees of the Metropolitan Museum of Art.[61]
Koch was a trustee of the American Ballet Theater for 25 years[62] and contributed more than $6 million to the theater.[63] He was also a member of the Board of Trustees of WGBH-TV.[64][65]
Education [edit]
From 1982 to 2013, Koch donated $18.6 million to the WGBH Educational Foundation, including $10 million to the Public Broadcasting Service (PBS) show Nova. Koch made contributions to the Smithsonian Institution of Washington, D.C., including a $20 million donation to the American Museum of Natural History, the creation of the David H. Koch Dinosaur Wing, and a $15 million donation to Dollars to the National Museum of Natural History to create the new David H. Koch Hall of Human Origins, which opened March 17, 2010 to mark the museum’s 100th anniversary at its National Mall location. He also served on the board of directors of the Institute of Human Origins.[69] In 2012, Koch donated $35 million to the Smithsonian to build a new dinosaur exhibit hall at the National Museum of Natural History.
Koch was also a benefactor to Deerfield Academy, his alma mater. The swimming pool, the science center and the field house of the academy are named after him.[72] Koch was appointed the Academy’s first life trustee.[73]
Koch donated $10 million to the Cold Spring Harbor Laboratory.[74]
Medical research[edit]
According to his Forbes profile, Koch said his biggest contributions go to a “Moon Shot” campaign to find a cure for cancer.[75] Between 1998 and 2012, Koch contributed at least $395 million to medical research causes and institutions.[76]
Koch has served on the Board of Trustees of New York–Presbyterian Hospital since 1987.[77] In 2007, he donated $15 million to NewYork-Presbyterian Hospital. In 2013, he donated $100 million to NewYork-Presbyterian Hospital, then the largest philanthropic donation in its history, and began a $2 billion campaign to be completed in 2019 for a new outpatient care center and infrastructure renovation of the hospital’s five locations.[79]
Koch served on the board of directors of the Prostate Cancer Foundation and contributed $41 million to the foundation, including $5 million for a community project in nanotechnology.[80][81] As the namesake of the David H. Koch Chair of the Prostate Cancer Foundation, the position of Dr. Jonathan Simons held.[82]
In 2006, Koch donated $20 million to Johns Hopkins University School of Medicine in Baltimore for cancer research. The building he financed was named the David H. Koch Cancer Research Building.[83]
In 2007, he donated $100 million to the Massachusetts Institute of Technology to build a new 80,000 square foot research and technology facility to house the David H. Koch Institute for Integrative Cancer Research. 84] Since joining MIT Corporation in 1988, Koch has donated at least $185 million to MIT[76] and $30 million to Memorial Sloan Kettering Cancer Center in New York City.[78] That same year he donated $25 million to the University of Texas MD Anderson Cancer Center at Houston to establish the David Koch Center for Applied Research in Genitourinary Cancer.[85]
In 2011, Koch donated $5 million to the House Ear Institute in Los Angeles to create a hearing restoration center[54] and $25 million to the Hospital for Special Surgery in New York City[86][87].
In 2015, he provided $150 million to Memorial Sloan Kettering Cancer Center in New York City to build the David H. Koch Center for Cancer Care, which will be housed in a 23-story building located between the Located East 73rd and 74th Street overlooking the FDR drive. The center will combine state-of-the-art cancer care in an environment that supports patients, families and carers. The building will include flexible personal and community spaces, educational opportunities and opportunities for physical activity.[88]
wealth [edit]
Koch was the fourth richest person in the United States as of 2012 and was the richest resident of New York City as of 2013.[75] In June 2019, Koch (along with his brother Charles) was ranked the 11th richest person in the world with a fortune of $50.5 billion.[89]
Personal life[edit]
In February 1991, Koch was a passenger on USAir Flight 1493 when it collided with another aircraft on a runway at Los Angeles International Airport, killing 35 people.[90] Koch survived and said in a 2014 interview that it helped change his life and prompted him to become “enormously philanthropic”.[91]
In 1992, Koch was diagnosed with prostate cancer. He underwent radiation, surgery and hormone therapy, but the cancer kept coming back. Koch said he believes his experience with cancer encourages him to fund medical research.[92]
After the death of Jacqueline Kennedy Onassis in 1994, Koch bought her 15-room apartment at 1040 Fifth Avenue. In 1996 he married Julia Flesher.[93][94][95] The apartment was no longer large enough after the birth of their third child, so Koch sold it to billionaire Glenn Dubin in 2006 and moved his family to 740 Park Avenue.[96][97]
Koch died on August 23, 2019 at the age of 79 at his home in Southampton, New York.[98] Koch’s wife Julia Koch and their three children inherited a 42% stake in Koch Industries from Koch after his death.[99]
Not much is known about the life of his children because David Koch was very careful about his private life. David had said he enjoyed fatherhood and family time, albeit late in life.[100]
See also[edit]
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