David H. Koch, industrialist and libertarian dies at 79

By DC Editors - August 24, 2019 Leave a Comment

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David H. Koch, industrialist and libertarian dies at 79 — David Koch speaking at the 2015 Defending the American Dream Summit – Image Source

From New York Times

David H. Koch, an industrialist who amassed a multibillion-dollar fortune with his brother Charles and then joined him in pouring their riches into a powerful right-wing libertarian movement that helped reshape American politics, died on Friday at his home in Southampton, N.Y. He was 79.

Charles G. Koch announced the death in a statement, which noted that David Koch had been treated for prostate cancer in the past. “Twenty-seven years ago,” the statement said, “David was diagnosed with advanced prostate cancer and given a grim prognosis of a few years to live. David liked to say that a combination of brilliant doctors, state of the art medications and his own stubbornness kept the cancer at bay.”

Hitching his star to the soaring ambitions of Charles, his older brother, David Koch (pronounced coke) became one of the world’s richest people, with assets of $42.2 billion in 2019 and a 42 percent stake in the family enterprise, Koch Industries, a Kansas-based energy and chemicals conglomerate. He also became a nationally known philanthropist and the early public face of the Koch political ascendancy, as the Libertarian Party’s candidate for vice president in 1980.

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