Business > Industry

David Koch's reclusive nephew is next in line to inherit the family legacy, and he may be planning a shift away from conservative politics

5 monthes ago   |   By Business Insider

Koch Industries confirmed Friday morning that 79-year-old David Koch, brother to 83-year-old Charles Koch, has died.
The Koch family legacy includes the second-largest company in the US, Koch Industries, along with numerous political and policy institutions and billions of dollars spent toward advocacy, with an emphasis on conservative and libertarian policies including free trade and small government.
After David's death, his nephew Chase, son of Charles, is in line to take his uncle's place as a key figure in the Koch network. As Politico Magazine predicted in December 2018, Chase will...
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The Koch brothers used their massive fortune to power a conservative crusade that reshaped American politics

The Koch brothers used their massive fortune to power a conservative crusade that reshaped American politics

5 monthes ago   |   By Business Insider

Billionaire industrialist and Republican megadonor David Koch died Friday at the age of 79.
With a net worth of around $50.5 billion, Koch donated over $1.3 billion to charity, including gifts to prominent New York City institutions like the Metropolitan Museum of Art.
He also helped power a conservative crusade that profoundly reshaped American politics.
Since the 1970s, he and his brother Charles personally donated at least $100 million to aid the rise of the Tea Party movement and bolster the Republican Party, according to The New York Times.
They also built an influential network of...
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David Koch is dead. His and his brother Charles' combined net worth is over $100 billion, even after years of family feuds and massive lawsuits. Here's how they made and spent their wealth

David Koch is dead. His and his brother Charles' combined net worth is over $100 billion, even after years of family feuds and massive lawsuits. Here's how they made and spent their wealth

5 monthes ago   |   By Business Insider

David Koch is dead at 79, his family announced August 23rd.
The Koch brothers were two of the richest men in the world, with net worths of $58.7 billion each, according to Bloomberg .
Their fortunes came from their 42% stakes in the Koch family business: Koch Industries. Some of the company's best-known products include Dixie cups and Quilted Northern toilet paper. Koch Industries also refines crude oil and produces fertilizer.
Charles is currently the company's president and CEO, while David served as director emeritus before his death, according to Forbes .
David Koch is dead at age 79...
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