David Koch’s profile picture

David Koch

Executive Vice President, Koch Industries
David Koch’s profile picture
Net worth 2018: $60.81 Billion
Industry: Diversified
Residence: New York, New York
Country: United States
BirthDay: 3 May 1940
Sigh: Gemini
Children: 3
Education: Bachelor of Arts / Science, Massachusetts Institute of Technology; Master of Science, Massachusetts Institute of Technology
BIOGRAPHY

David Koch was bornon 3 May 1940 in New York, New York, United States, is Executive Vice President, Koch Industries. David Koch is #8 in List Billionaires People In The World. David Koch shares majority control of Koch Industries, U.S's second largest private firm, with his brother Charles. The Kansas native lives in New York City, and oversees Koch's chemical technology group. Koch Industries, which has revenues of $100 billion, operates pipelines, produces fertilizer and makes Dixie cups and Quilted Northern toilet paper. A well-known philanthropist, David is a donor to New York's Lincoln Center and Memorial-Sloan Kettering Cancer Center. David Koch ran as the Libertarian Party's vice presidential candidate in 1980 on a ticket with Ed Clark; they won 1% of the vote.

NET WORTH STATISTIC
2009

$16 Billion

2010

$21.5 Billion

2011

$25 Billion

2012

$31 Billion

2013

$36 Billion

2014

$42 Billion

2015

$41 Billion

2016

$42 Billion

2017

$48.3 Billion

2018

$60.81 Billion

The way I look at it is, cancer research is absolutely nonpartisan. Cancer is very democratic in the sense that it attacks people regardless of their race, their gender, their national background, or their political persuasions.

David Koch
TIMELINE
2018

As of January 2018, he was ranked as the 11th-richest person in the world, (tied with his brother Charles), with a fortune of $52 billionCondé Nast Portfolio described him as "one of the most generous but low-key philanthropists in America"

2016

The ticket received 921,128 votes, 1% of the total nationwide vote, the Libertarian Party national ticket's best showing until 2016 in terms of percentage and its best showing in terms of raw votes until the 2012 presidential election, although that number was surpassed again in 2016

2015

In July 2015 David Koch and his brother were commended by both President Obama and activist Anthony Van Jones for their bipartisan efforts to reform the prison system in the United States

2012

In 2012, Koch contributed US $35 million to the Smithsonian to build a new dinosaur exhibition hall at the National Museum of Natural History

2011

"Time included Charles and David Koch among the Time 100 of 2011, for their involvement in supporting the Tea Party movement and the criticism they received from liberals

2010

Dennis, president and chief executive officer of the Searle Freedom Trust, said in 2010 that the Kochs are acting against their economic interest in promoting "getting government out of the business of running the economy

2008

In July 2008, Koch pledged $100 million over 10 years to renovate the New York State Theater in the Lincoln Center for the Performing Arts, now named in his honor and pledged $10 million to renovate fountains outside the Metropolitan Museum of Art

2007

In 2007, he contributed $100 million to the Massachusetts Institute of Technology for the construction of a new 350,000-square-foot (33,000 m) research and technology facility to serve as the home of the David H

2006

In 2006, he gave $20 million to Johns Hopkins University School of Medicine in Baltimore for cancer research

2001

Koch for the first time in a long series of lawsuits about ownership, that lasted until 2001

1998

Between 1998 and 2012, Koch contributed at least $395 million to medical research causes and institutions

1988

Koch Institute for Integrative Cancer Research, Since joining the MIT Corporation in 1988 he has given a total of $185 million to MIT

1985

In 1985, Koch Industries was sued by Bill Koch and Frederick R

1984

In 1984, Koch founded, served as Chairman of the board of directors of, and donated to the free-market Citizens for a Sound Economy (CSE)

1980

"We'd like to abolish the Federal Elections Commission and all the limits on campaign spending anyway," Koch said in 1980

1979

He founded the company’s New York office and in 1979 he became the president of his own division, Koch Engineering, renamed Chemical Technology Group

1970

In 1970, Koch joined Koch Industries under his brother Charles, to work as a technical-services manager

1962

He also held the single-game scoring record of 41 points from 1962 until 2009, when it was eclipsed by Jimmy Bartolotta

1959

Koch attended the Deerfield Academy prep school in Massachusetts, graduating in 1959

1940

David Hamilton Koch (/koʊk/; born May 3, 1940) is an American businessman, philanthropist, political activist, and chemical engineer

1923

Koch Center for Cancer Care, which will be housed in a 23-story building in development between East 73rd and 74th Streets overlooking the FDR Drive

1493

He is a survivor of the USAir Flight 1493 crash in 1991

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