David Koch, an American businessman, donor, political activist, and chemical engineer, is well-known for being the ninth-wealthiest individual in the world as of 2018.
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What is the Net Worth of David Koch? Salary, Earnings
David Koch’s estimated net wealth was $48 billion as of January 2023. The majority of his wealth has come from his job as an engineer, businessman, and political activist.
This businessman is well-known for serving as senior vice president and co-owner of Koch Industries. He was also named the second-richest resident of New York City as of the year 2010. He and his siblings continued to receive benefits from Koch Industries even after their father passed away.
Where was David Koch? Ethnicity, Nationality, Family, Education
David Koch was born in 1940 to Mary Clementine and chemical chemist Fred Chase Koch. He was created in the Kansas metropolis of Wichita.
He was identified as his parents’ third boy out of their four children. His elder brothers are Charles Koch and Frederick R. Koch, and he also has a younger twin. His paternal grandfather was Harry Koch, a well-known Dutch immigrant who established the Quanah Tribune-Chief newspaper as well as the Quanah, Acme, and Pacific Railway.
Speaking of his education, he noted attending the Deerfield Academy prep school in Massachusetts, from which he received his diploma in 1959. He studied at the Massachusetts Institute of Technology and graduated with bachelor’s and master’s degrees in chemical engineering in 1962 and 1963, respectively (MIT).
Quick Facts
| Celebrated Name: | David Koch |
|---|---|
| Real Name/Full Name: | David Hamilton Koch |
| Gender: | Male |
| Age at the time of death: | 79 years old |
| Birth Date: | 3 May 1940 |
| Date of Death: | 23 August 2019 |
| Birth Place: | Wichita, Kansas, United States |
| Nationality: | American |
| Height: | 1.95 m |
| Weight: | N/A |
| Sexual Orientation: | Straight |
| Marital Status: | Married |
| Wife/Spouse (Name): | Julia Koch (m. 1996) |
| Children: | Yes (John Mark Koch, Mary Julia Koch, David Koch Jr.) |
| Dating/Girlfriend (Name): |
N/A |
| Profession: | Businessman, Philanthropist, Political Activist, and Chemical Engineer |
| Net Worth in 2022: | $48 Billion |
How tall is David Koch? Weight, Hair Color
David Koch, who died at the age of 79, was born on May 3, 1940. He was 1.95 meters tall and weighed 80 kilograms.
How did David Koch start his Professional Career?
In 1970, David Koch joined Koch Industries and took a position as the chief of the technical services immediately beneath his brother Charles.
This businessman established the organization’s New York division, and in 1979 he took over as head of Koch Engineering, which is now known as Chemical Technology Group.
In the year 1985, Bill Koch and Frederick R. Koch filed their initial ownership claim against Koch Industries, and they continued to do so right up until 2001. As of 2010, he held a 42 percent share in Koch Industries. Additionally, he has four US copyrights.
He also kept campaigning for vice president in the 1980 presidential election as a member of the Libertarian Party, running on the same ticket as Ed Clark, a presidential candidate.
It has been found that the Clark-Koch ticket was guaranteed to stop the Federal Reserve Board, Social Security, minimum wage laws, welfare, all price supports, corporate taxes, sponsorships for business and agriculture, and U.S. Federal agencies including the EPA, SEC, FTC, ICC, FBI, OSHA, DOE, and CIA.
This businessman considers himself to be a social liberal who favors stem cell research, same-sex marriage, the freedom of women to make their own decisions, and the rights of LGBT people. He rejects the drug battle, though. He also supports fiscally conservative policies that uphold the rights of the person and the free market.
David Koch was a well-known patron of the arts and is attributed with creating the libertarian and conservative political pillars of the American Tea Party movement. Being exceedingly wealthy, he donated to many charities.
He gave money to Sloan Kettering, Lincoln Center, the David H. Koch Dinosaur Wing at the American Museum of Natural History, a reproductive clinic at New York-Presbyterian Hospital, and Sloan Kettering. David Koch was one of the richest and most successful businesspeople in the entire world.
He was recognized as one of America’s most benevolent but underappreciated supporters by Condé Nast Portfolio. After acquiring such a sizable net worth and choosing to donate some of it, he rose to prominence as a philanthropist.
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