David Koch Net Worth
David Koch Net Worth: David Koch was an American businessman who had a net worth of $58 billion dollars at the time of his death in 2019. David Koch was born May 3, 1940 in Wichita, Kansas. He was the co-owner of Koch Industries, along with older brother Charles Koch. For many years he served as one of the company's executive vice presidents. Koch Industries originally dealt solely in oil refining and chemicals but today the company has a wide range of interests from pollution control equipment and technologies; polymers and fibers; minerals; fertilizers; commodity trading and services; forest and consumer products; ranching. It also produces a wide variety of well-known brands, such as Stainmaster carpet, the Lycra brand of spandex fiber, Quilted Northern tissue and Dixie Cup. Koch Industries is the second-largest privately held company by revenue in the United States, behind Cargill.
David married Julia Flesher in 1996. They had three children together.
David Koch died on August 23, 2019 at the age of 79. At the time of his death, David Koch's $58 billion net worth placed him tied (with his brother) in 8th place on the list of the richest people on the planet.
During his life David Koch contributed hundreds of millions of dollars to charities such as Lincoln Center, Sloan Kettering, a fertility clinic at New York-Presbyterian Hospital and the American Museum of Natural History's David H. Koch Dinosaur Wing. The New York State Theater at Lincoln Center, home of the New York City Ballet, was renamed the David H. Koch Theater in 2008, following a gift of $100 million for the renovation of the theater. Condé Nast Portfolio once described David Koch as "one of the most generous but low-key philanthropists in America." David and his brother Charles have also been known to donate to political advocacy groups, including Americans for Prosperity and to political campaigns, mainly Republican. David Koch is a survivor of the US Air Flight 1493 crash in 1991.
David Koch Net Worth details: At the time of his death, David Koch held a 42 percent stake in the second largest privately held company in the United States, Koch Industries, which has reported annual revenue of as high as $100 billion. He is invested in several companies including Georgia-Pacific, Invista, Flint Hills Resources, Koch Fertilizer, Koch Pipelines, Molex, and more. He also held a stake in his family's private equity fund Koch Equity Development, and had at least $2 billion worth of cash investments.
David H. Koch
|Net Worth:||$58 Billion|
|Date of Birth:||May 3, 1940 (80 years old)|
|Profession:||Businessperson, Political activist, Chemical engineer, Philanthropist|
|Nationality:||United States of America|