David Koch, billionaire conservative activist and donor, dead at 79
Koch was one of 2 brothers who funded much of the U.S. conservative political movement
Billionaire industrialist David H. Koch, who with his older brother Charles transformed American politics by pouring their riches into conservative causes, has died at age 79.
"It is with a heavy heart that I now must inform you of David's death," Charles Koch announced Friday.
David Koch, who lived in New York City, was the Libertarian Party's vice-presidential candidate in 1980. He was a generous donor to conservative political causes, as well as educational, medical and cultural groups.
The brothers were best known for a vast political network they built that became popularly known as the Kochtopus for its far-reaching tentacles in support of conservative causes. The two founded the anti-tax, small government group Americans for Prosperity.
"I was taught from a young age that involvement in the public discourse is a civic duty," David Koch wrote in a 2012 op-ed in the New York Post. "Each of us has a right — indeed, a responsibility, at times — to make his or her views known to the larger community in order to better form it as a whole. While we may not always get what we want, the exchange of ideas betters the nation in the process."
While dealing with prostate cancer for 20 years, he told a reporter following the 2012 Republican convention that he was thinking about what he will someday leave behind.
Statement from Koch Industries Chairman and CEO Charles Koch on the Passing of his Brother David. <a href="https://t.co/VZi4pucxhZ">pic.twitter.com/VZi4pucxhZ</a>—@KochIndustries
"I like to engage where my part makes a difference," he told The Weekly Standard. "I have a point of view. When I pass on, I want people to say he did a lot of good things, he made a real difference, he saved a lot of lives in cancer research."
Koch donated $100 million in 2007 to create the David H. Koch Institute for Integrative Cancer Research at the Massachusetts Institute of Technology. He also gave millions to Johns Hopkins University in Baltimore, the Memorial Sloan-Kettering Cancer Center in New York City, the M.D. Anderson Cancer in Houston, and other institutions.
The Smithsonian's National Museum of Natural History named in his honour a wing dedicated to the story of human evolution over six million years. Koch donated $15 million to fund the 15,000-square-foot hall.
"The program has the power to influence the way we view our identity as humans, not only today, but for generations to come," he said in a statement at the time.
Koch, an engineer trained at MIT, joined Koch Industries in 1970, and served on its board. He also served as chief executive officer of Koch Chemical Technology Group, LLC, a Koch subsidiary. He retired from the company in 2018.
The Koch brothers, each with an estimated net worth of $50.5 billion, tied in fourth place in 2012 on Forbes 500 list of the nation's richest men.
Two other Koch brothers, Frederick and Bill, sued the other two, claiming in a 1998 trial that they were cheated out of more than $1 billion when they sold their stake in Koch Industries back in 1983. David and Bill Koch are twins.
The dispute stemmed from a falling out three years earlier when Bill Koch criticized Charles's management of the company, and with Frederick's support tried to gain control of the company's board of directors. After the takeover move failed, the board fired Bill as an executive.
Bill and Frederick Koch and other dissident stockholders sold their interests, and the two later sued, claiming the company withheld crucial information that would have led to a higher sale price.
Bill and Frederick lost their case, but the lengthy public trial offered a rare behind-the-scenes glimpse at the Koch family.
The Kochs' father, Fred Koch, guessed early — before two of his boys were out of diapers and before two were even born — that wealth might split his family apart.
"It will be yours to do with what you will," the father wrote in a 1936 letter to his two oldest sons. "It may be either a blessing or a curse."
David Koch had three children with his wife, Julia Flesher.