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David Koch
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{{About|the American businessman||}}{{short description|American billionaire heir and businessman}}{{Use American English|date=August 2019}}{{Use mdy dates|date=August 2019}}







factoids
| birth_place = Wichita, Kansas, U.S.2019235|3}}| death_place = Southampton, New York, U.S.Massachusetts Institute of Technology (Bachelor of Science>BS, MS)| occupation = Vice president of Koch IndustriesWORK=NEW YORK (MAGAZINE) >DATE=JULY 25, 2010 LAST=GOLDMAN, August 26, 2010, Libertarian Party (United States)>Libertarian (before 1984)Republican (1984–2019)Aspen Institute, Cato Institute, Reason Foundation, Americans for Prosperity>Americans for Prosperity Foundation, WGBH, Massachusetts Institute of Technology, Smithsonian National Museum of Natural History, Metropolitan Museum of Art, American Ballet Theatre, Lincoln Center for the Performing Arts, Deerfield Academy, NewYork–Presbyterian Hospital, Memorial Sloan Kettering Cancer Center, American Museum of Natural HistoryJulia Flesher|1996}}| children = 3| parents = Fred C. KochMary RobinsonFrederick R. Koch (brother)Charles Koch (brother)Bill Koch (businessman)>Bill Koch (twin brother)United States dollar>US$48 billion (June 2019)}}David Hamilton Koch ({{IPAc-en|k|oÊŠ|k}}; May 3, 1940 â€“ August 23, 2019) was an American businessman, philanthropist, political activist, and chemical engineer. In 1970, he joined the family business: Koch Industries, the second-largest privately held company in the United States. He became president of the subsidiary Koch Engineering in 1979, and became a co-owner of Koch Industries (along with elder brother Charles) in 1983. Koch served as an executive vice president of Koch Industries until he retired due to health issues in 2018.Koch was a libertarian. He was the 1980 Libertarian candidate for Vice President of the United States and helped finance the campaign. He founded Citizens for a Sound Economy and donated to advocacy groups and political campaigns, most of which were Republican. Koch became a Republican in 1984; in 2012, he spent over $100 million to oppose the re-election of President Barack Obama.Koch was the fourth-richest person in the United States in 2012 and was the wealthiest resident of New York City in 2013. As of June 2019, Koch was ranked as the 11th-richest person in the world (tied with his brother Charles), with a fortune of $50.5 billion. Known for his philanthropy, Koch contributed to the Lincoln Center, Sloan Kettering, NewYork–Presbyterian Hospital, and the Dinosaur Wing at the American Museum of Natural History. 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 Koch's gift of $100 million for the renovation of the theater.

Early life and education

Koch was born in Wichita, Kansas, the son of Mary Clementine (née Robinson) and Fred Chase Koch, a chemical engineer. David's paternal grandfather, Harry Koch, was a Dutch immigrant who founded the Quanah Tribune-Chief newspaper and was a founding shareholder of the Quanah, Acme and Pacific Railway.WEB,weblink Koch, David Hamilton (1940), New Netherland Project, August 31, 2010,weblink" title="web.archive.org/web/20100819225843weblink">weblink August 19, 2010, dead, David was the third of four sons, with elder brothers Frederick, Charles, and nineteen-minute-younger twin Bill. Among his maternal great-great-grandparents were William Ingraham Kip, an Episcopal bishop, William Burnet Kinney, a politician, and Elizabeth Clementine Stedman, a writer.{{Citation needed|date=August 2019}}Koch attended the Deerfield Academy prep school in Massachusetts, graduating in 1959. He attended Massachusetts Institute of Technology (MIT), earning both a bachelor's (1962) and a master's degree (1963) in chemical engineering. He was a member of the Beta Theta Pi Fraternity. Koch played basketball at MIT, averaging 21 points per game at MIT over three years, a school record. He also held the single-game scoring record of 41 points from 1962 until 2009, when it was eclipsed by Jimmy Bartolotta.JOURNAL,weblink David and William Koch as MIT Basketball Players, The New Republic, August 14, 2013, June 10, 2015,

Career at Koch Industries

In 1970, Koch joined Koch Industries under his brother Charles, to work as a technical-services manager. He founded the company's New York City office and in 1979 he became the president of his own division, Koch Engineering, renamed Chemical Technology Group. David's brothers Frederick and Bill had inherited stock in Koch Industries. In June 1983, after a bitter legal and boardroom battle, the stakes of Frederick and Bill were bought out for $1.1 billion and Charles Koch and David Koch became majority owners in the company.NEWS,weblink Brother Versus Brother; Koch Family's Long Legal Feud Is Headed for a Jury, Leslie, Wayne, The New York Times, April 28, 1998, live,weblink March 26, 2018, mdy-all, "Koch's wife granted order of restraint". Pittsburg (KS) Morning Sun, July 21, 2000. Legal disputes against Charles and David lasted roughly two decades. Frederick and Bill sided with J. Howard Marshall III, J. Howard Marshall II's eldest son, against Charles and David at one point, in order to take over the company. In 2001, Bill reached a settlement in a lawsuit where he had charged the company was taking oil from federal and Indian land which ended all litigation between the brothers."Judge Clears Koch Brothers' Settlement Pact". Wall Street Journal, May 29, 2001. CBS News reported that Koch Industries settled for $25 million.WEB,weblink Blood And Oil, CBS News, 2000-11-27, 2015-10-15, As of 2010, David Koch owned 42 percent of Koch Industries, as did his brother Charles. He held four U.S patents.NEWS,weblink David Koch's Millions Remade the Republican Party. He Didn't Like the Results, Time, August 23, 2019, Philip, Elliott, Koch served as an executive vice president of Koch Industries until retiring due to health issues in 2018weblink {{Webarchive |url=https://web.archive.org/web/20070226111813weblink|date=February 26, 2007}} His retirement was announced on June 5, 2018.NEWS,weblink David Koch is leaving Koch Industries, stepping down from Americans for Prosperity, James, Hohmann, June 5, 2018, The Washington Post, June 5, 2018,

Political involvement

{{See also|Political activities of the Koch brothers}}

Campaigns

Koch was the Libertarian Party's vice-presidential candidate in the 1980 presidential election,NEWS, Man Without a Candidate, Charlotte Curtis, Charlotte, Curtis, October 16, 1984, The New York Times,weblink July 18, 2015, sharing the party ticket with presidential candidate Ed Clark. The Clark–Koch ticket promised to abolish Social Security, the Federal Reserve Board, welfare, minimum-wage laws, corporate taxes, all price supports and subsidies for agriculture and business, and U.S. Federal agencies including the SEC, EPA, ICC, FTC, OSHA, FBI, CIA, and DOE.Rinker Buck, "How Those Libertarians Pay the Bills", New York magazine, November 3, 1980 The ticket received 921,128 votes, 1% of the total nationwide vote,WEB,weblink 1980 Presidential General Election Results, David, Leip, uselectionatlas.org, 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.James T. Bennett, Not Invited to the Party: How the Demopublicans Have Rigged the System and Left Independents Out in the Cold, Springer, 2009, p. 167, {{ISBN|1-4419-0365-8}}.NEWS, Quixotic '80 Campaign Gave Birth to Kochs' Powerful Network, Nicholas Confessore, Nicholas, Confessore, May 17, 2014,weblink July 18, 2015, The New York Times, "Compared to what [the Libertarians had] gotten before," Charles said, "and where we were as a movement or as a political/ideological point of view, that was pretty remarkable, to get 1 percent of the vote."NEWS, Matthew, Continetti, Matthew Continetti, The Paranoid Style in Liberal Politics, The Weekly Standard, April 4, 2011,weblink After the bid, according to journalist Brian Doherty's Radicals for Capitalism, Koch viewed politicians as "actors playing out a script."BOOK, Doherty, Brian, Brian Doherty (journalist), Radicals for Capitalism: A Freewheeling History of the Modern American Libertarian Movement,weblink October 10, 2011, May 26, 2008, Perseus Books Group, 978-1-58648-572-6, 410, Koch credited the 1976 presidential campaign of Roger MacBride as his inspiration for getting involved in politics:Here was a great guy, advocating all the things I believed in. He wanted less government and taxes, and was talking about repealing all these victimless crime laws that accumulated on the books. I have friends who smoke pot. I know many homosexuals. It's ridiculous to treat them as criminals â€” and here was someone running for president, saying just that.Koch gave his own vice presidential campaign $100,000 a month after being chosen as Ed Clark's running mate. "We'd like to abolish the Federal Elections Commission and all the limits on campaign spending anyway," Koch said in 1980. When asked why he ran, he replied: "Lord knows I didn't need a job, but I believe in what the Libertarians are saying. I suppose if they hadn't come along, I could have been a big Republican from Wichita. But hell â€” everybody from Kansas is a Republican."In 1984, Koch broke with the Libertarian Party when it supported eliminating all taxes. Subsequently, Koch was a Republican.{{Rp|4}} Koch donated to various political campaigns, most of which were Republican.WEB,weblink Koch Industries: Summary, OpenSecrets.org, June 10, 2015, In February 2012, during the Wisconsin gubernatorial recall election, Koch said of Wisconsin governor Scott Walker, "We're helping him, as we should. We've gotten pretty good at this over the years. We've spent a lot of money in Wisconsin. We're going to spend more," and said that by "we" he meant Americans for Prosperity.NEWS, David Koch intends to cure cancer in his lifetime and remake American politics, February 20, 2012, May 29, 2015, The Palm Beach Post,weblink Stacey, Singer, NEWS, The Nation, John Nichols (journalist), John, Nichols, Scott Walker's Koch Connection Goes Bad, February 24, 2012, May 29, 2015,weblink WEB, Billionaire Koch brothers gave $8 million to Wisconsin Gov. Scott Walker recall campaign, Dem chair says, Tom, Kertscher, June 20, 2012, May 29, 2015,weblink PolitiFact, NEWS, The New York Times Magazine, How Did Wisconsin Become the Most Politically Divisive Place in America?, Dan, Kaufman, May 24, 2012, May 29, 2015,weblink NEWS, On Politics: David Koch: 'We've spent a lot of money in Wisconsin. We're going to spend more.', February 20, 2012, May 29, 2015, Mary, Spicuzza, Wisconsin State Journal,weblink In 2012, Koch spent over $100 million to oppose the re-election of President Barack Obama.NEWS,weblink $122 Million in 2012 Spending by Koch Group, Confessore, Nicholas, 2013-11-14, The New York Times, 2019-08-25, 0362-4331, NEWS,weblink Billionaire David Koch, Who Shaped Modern Conservative Politics, Has Died, 2019-08-25, BuzzFeed News,

Views

Koch supported policies that promote individual liberty and free market principles, and supported reducing government spending.NEWS,weblink March 5, 2011, The New York Times, Cancer Research Before Activism, Billionaire Conservative Donor Says, Cooper, Michael, The Koch Brothers December 24, 2012 p. 96 Forbes Koch supported a non-interventionist foreign policy; "Pursuing a very aggressive foreign policy," he said, "is an extremely expensive endeavor for the U.S. government. The cost of maintaining a huge military force abroad is gigantic. It's so big it puts a severe strain on the U.S. economy, creating economic hardships here at home."WEB,weblink The New Antiwar Capitalists, Reason (magazine), Reason, Koch opposed the Iraq War, saying that the war has "cost a lot of money and it's taken so many American lives", and "I question whether that was the right thing to do. In hindsight that looks like it was not a good policy." In an impromptu interview with the blog ThinkProgress, he was quoted as saying he would like the new, 2011 Republican Congress to "cut the hell out of spending, balance the budget, reduce regulations, and support business."NEWS,weblink ThinkProgress, January 6, 2011, Fang, Lee, Exclusive: Polluter Billionaire David Koch Says Tea Party 'Rank And File Are Just Normal People Like Us', He was against the Patient Protection and Affordable Care Act and the Dodd–Frank Wall Street Reform and Consumer Protection Act. He was skeptical about anthropogenic global warming. He said a warmer planet would be good, because "Earth will be able to support enormously more people, because a far greater land area will be available to produce food". Koch considered himself a social liberalWEB,weblink Billionaire David Koch Says He's a Social Liberal, ABC News, December 14, 2014, December 29, 2014, Benjamin, Bell, who supported women's right to choose,NEWS,weblink David Koch is pro-choice, supports gay rights; just not Democrats, CNN, December 15, 2014, December 29, 2014, Sara, Fischer, gay rights, same-sex marriage and stem-cell research.Joseph Patrick McCormick, Billionaire GOP supporter disagrees with platform, says he supports gay marriage, PinkNews, September 2, 2012 He opposed the war on drugs.WEB, Coaston, Jane, "David Koch walked the walk": a libertarian on the Koch brother’s legacy,weblink Vox, 28 August 2019, Koch opposed several of President Barack Obama's policies. An article from the Weekly Standard, detailing the "left's obsession" with the Koch brothers, quotes Koch stating that Obama is "the most radical president we've ever had as a nation ... and has done more damage to the free enterprise system and long-term prosperity than any president we've ever had."WEB,weblink The Paranoid Style in Liberal Politics, The Weekly Standard, Koch said that Obama's father's economic socialism, practiced in Kenya, explains why Obama has "sort of antibusiness and anti-free enterprise" influences. Koch said that Obama is "scary", a "hardcore socialist" who is "marvelous at pretending to be something other than that."NEWS,weblink David Koch Gives President Obama Zero Credit for Bin Laden's Death, New York, Sarah, Owen, May 5, 2011, Koch contributed almost entirely to Republican candidates in 2012.WEB,weblink Charts: How Much Have the Kochs Spent on the 2012 Election?, Mother Jones,

Advocacy

Koch donated funds to various advocacy groups. In 1984, he founded Citizens for a Sound Economy (CSE).Suzan Mazur, "The Altenberg 16: An Exposé of the Evolution Industry", North Atlantic Books, 2010, 343 pages He served as its Chairman of the board of directors and donated funds to it. Richard H. Fink served as its first president. Koch was the chairman of the board and gave initial funding to the Americans for Prosperity Foundation and to a related advocacy organization, Americans for Prosperity. A Koch Industries spokesperson issued a press release stating "No funding has been provided by Koch companies, the Koch foundations, or Charles Koch or David Koch specifically to support the tea parties."WEB,weblink Covert Operations, Jane, Mayer, August 30, 2010, The New Yorker, NEWS,weblink David, Weigel, Dick Armey: Please, Koch, keep distancing yourself from me, The Washington Post, April 15, 2010, Koch was the top initial funder of the Americans for Prosperity Foundation at $850,000.NEWS, David Koch Seeded Major Tea-Party Group, Private Donor List Reveals, Alex, Seitz-Wald, September 24, 2013, March 20, 2015,weblink National Journal, But a donor list filed with the IRS labeled "not open for public inspection" from 2003, the year of AFP's first filing, lists David Koch as by far the single largest contributor to its foundation, donating $850,000., NEWS, Money in Politics: The Companies Behind David Koch's Americans For Prosperity, Pema, Levy, September 24, 2013, March 20, 2015,weblink International Business Times, David Koch was the top contributor, providing $850,000., Koch said that he sympathized with the Tea Party movement, but denied directly supporting it, having stated that: "I've never been to a tea party event. No one representing the tea party has ever even approached me."Koch sat on the board and donated to the libertarian Cato Institute and Reason Foundation.JOURNAL,weblink Covert Operations: The billionaire brothers who are waging a war against Obama, The New Yorker, August 30, 2010, Jane, Mayer, Jane Mayer, NEWS,weblink Conservatives Take a Page From Left's Online Playbook, The Wall Street Journal, August 20, 2009, Jake, Sherman, subscription, In August 2010, Jane Mayer wrote an article in The New Yorker on the political spending of David and Charles Koch. It stated: "As their fortunes grew, Charles and David Koch became the primary underwriters of hard-line libertarian politics in America." An opinion piece by journalist Yasha Levine in The New York Observer said Mayer's article had failed to mention that the Kochs' "free market philanthropy belies the immense profit they have made from corporate welfare."NEWS,weblink Levine, Yasha, Yasha Levine, September 1, 2010, 7 Ways the Koch Bros. Benefit from Corporate Welfare, The New York Observer, December 30, 2014, In 2011, Time magazine included Charles and David Koch among the Time 100 of the year, for their involvement in supporting the Tea Party movement and the criticism they received from liberals.NEWS, Ferguson, Andrew, The 2011 TIME 100,weblink Time (magazine), Time, April 22, 2011, April 21, 2011,

Climate change denial

The Koch brothers were key funders for climate change denialism through think tanks including the Cato Institute and the American Enterprise Institute.WEB, Kotch, Alex, Death and destruction: this is David Koch's sad legacy {{!, Alex Kotch |url=https://www.theguardian.com/commentisfree/2019/aug/27/death-destruction-david-koch-legacy |website=The Guardian |date=27 August 2019}} The Koch brothers' involvement in blocking climate change legislation dates back to 1991, when the Cato Institute held a conference called "Global Environmental Crisis: Science or Politics?"WEB,weblink "Kochland" Examines the Koch Brothers’ Early, Crucial Role in Climate-Change Denial, August 13, 2019, August 29, 2019,

Prison reform

In July 2015, David and Charles Koch were commended by both President Obama and activist Anthony Van Jones for their bipartisan efforts to reform the prison system in the United States.NEWS, Nelson, Colleen Mccain; Fields, Gary, Obama, Koch Brothers in Unlikely Alliance to Overhaul Criminal Justice, The Wall Street Journal, July 16, 2015,weblink subscription, NEWS, Horwitz, Sari, Unlikely Allies, The Washington Post, August 15, 2015,weblink For nearly ten years the Kochs together advocated for several reforms within the criminal justice system which include reducing recidivism rates, simplifying the employment process for the rehabilitated, and defending private property from government seizures through asset forfeiture.WEB,weblink Forfeiture reform aligns likes of billionaire Charles Koch, ACLU, The Topeka Capital-Journal, October 15, 2015, Mary, Hudetz, Allying with groups such as the ACLU, the Center for American Progress, Families Against Mandatory Minimums, the Coalition for Public Safety, and the MacArthur Foundation, the Kochs maintained the current prison system unfairly targets low-income and minority communities at the expense of the public budget.WEB, Koch brothers join Obama in advocating US prison reform, Russian Today, July 17, 2015,weblink

Philanthropy

Koch established the David H. Koch Charitable Foundation.WEB, Koch Family Foundations,weblink David H. Koch Charitable Foundation and Personal Philanthropy, November 17, 2014, WEB, Levinthal, Dan, The Koch brothers' foundation network explained,weblink The Center for Public Integrity, April 12, 2018, October 30, 2015, Beginning in 2006, the Chronicle of Philanthropy listed Koch as one of the world's top 50 philanthropists.WEB, No. 45: David H. Koch,weblink The Chronicle of Philanthropy, October 8, 2011, dead,weblink" title="web.archive.org/web/20111008194753weblink">weblink October 8, 2011, He sat on the Board of Trustees of NewYork–Presbyterian Hospital from 1988 until his death in 2019.WEB, Hospital Leadership - Board of Trustees,weblink New York Presbyterian, July 7, 2019,

Arts

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; the Theater is the home of the New York City Ballet.NEWS,weblink David H. Koch to Give 100 Million to Theater, The New York Times, July 10, 2008, Robin, Pogrebin, According to The New York Times, Koch's gift was "transformative, enabling a full-scale renovation of the stage" that included "an enlarged orchestra pit that mechanically rises". The theater was renamed the David H. Koch Theater.WEB,weblink David Koch, Embraced as an Arts Patron, Even as Criticism Grew, Elizabeth A., Harris, Robin, Pogrebin, August 23, 2019, NYTimes.com, Koch also pledged $10 million to renovate fountains outside the Metropolitan Museum of Art.NEWS,weblink It's a Philanthropy Thing, Crain's New York Business, June 27, 2010, Miriam Kreinin, Souccar, Koch was a trustee of the American Ballet Theatre for 25 yearsNEWS,weblink American Ballet Theatre Celebrates 70th Season, David Koch's Birthday, Palm Beach Daily News, June 2, 2010, Shannon, Donnelly, and contributed more than $6 million to the theater.NEWS,weblink David Koch Toasted by Caroline Kennedy, Robert DeNiro, Bloomberg News, May 17, 2010, Patrick, Cole, He was also a member of the Board of Trustees of WGBH-TV,WEB,weblink Board of Trustees, WGBH, June 10, 2015, WEB, Cohan, William, David Koch's Chilling Effect on Public Television,weblink Bloomberg, April 12, 2018, which produces more than two-thirds of the nationally distributed programs broadcast by PBS.{{Citation needed|date=August 2019}}

Education

From 1982 to 2013, Koch contributed $18.6 million to WGBH Educational Foundation, including $10 million to the Public Broadcasting Service (PBS) show Nova.NEWS,weblink October 4, 2013, Boston Herald, Cassidy, Chris, Activists put heat on 'GBH to oust donor, board giant, dead,weblink" title="web.archive.org/web/20141208052702weblink">weblink December 8, 2014, WEB,weblinkweblink" title="web.archive.org/web/20181010185627weblink">weblink live, October 10, 2018, October 10, 2018, October 17, 2018, Funders, WGBH-TV, Funders for Season 44 include Draper, 23andMe, Cancer Treatment Centers of America, the David H. Koch Fund for Science, the Corporation for Public Broadcasting, and PBS Stations. ... Funders for Season 40 include Boeing (episodes 4007, 4009-4015, 4017-4024), Lockheed Martin (episodes 4003-4005) Franklin Templeton (episodes 4007, 4009-4016) the David H. Koch Fund for Science, the Corporation for Public Broadcasting, and PBS Stations., Koch was a contributor to the Smithsonian Institution in Washington, D.C., including a $20 million gift to the American Museum of Natural History, creating the David H. Koch Dinosaur Wing and a contribution of $15 million to the National Museum of Natural History to create the new David H. Koch Hall of Human Origins, which opened on the museum's 100th anniversary of its location on the National Mall on March 17, 2010.NEWS,weblink Smithsonian to Open Hall Dedicated to Story of Human Evolution, The Washington Post, March 30, 2010, He also served on the executive board of the Institute of Human Origins.WEB, IHO Research Council and Executive Board,weblink Institute of Human Origins, dead,weblink April 19, 2016, In 2012, Koch contributed US$35 million to the Smithsonian to build a new dinosaur exhibition hall at the National Museum of Natural History.WEB,weblink Smithsonian's National Museum of Natural History to Build New Dinosaur Hall | Newsdesk, Newsdesk.si.edu, May 3, 2012, June 10, 2015, NEWS, David Koch donates $35 million to National Museum of Natural History for dinosaur hall,weblink The Washington Post, May 3, 2012, January 24, 2016, 0190-8286, Jacqueline, Trescott, Koch also financed the construction of the $68 million Koch Center for mathematics, science and technology at the Deerfield Academy, a highly selective independent, coeducational boarding school in Deerfield, Massachusetts,NEWS,weblink David Koch Named Lifetime Trustee, Deerfield Scroll, February 25, 2010, Lucy, Cobbs, {{Primary source inline|reason=secondary source needed for noteworthiness|date=July 2015}} and was named its first and only Lifetime Trustee.Koch gave $10 million to the Cold Spring Harbor LaboratoryWEB, The Koch Brothers' Ten Most Shocking Power Grabs,weblink February 14, 2016, Media, February 2, 2015, where he was honored with the Double Helix Medal for Corporate Leadership for supporting research that, "improves the health of people everywhere".WEB,weblink $3.1 Million Raised at Cold Spring Harbor Laboratory's 2007 Double Helix Medals Dinner, November 21, 2007, {{Primary source inline|reason=secondary source needed for noteworthiness|date=July 2015}}

Medical research

Koch said his biggest contributions go toward a "moon shot" campaign to finding the cure for cancer, according to his profile on Forbes. Between 1998 and 2012, Koch contributed at least $395 million to medical research causes and institutions.NEWS, Sparks, Evan, The Team Builder,weblink September 26, 2012, Philanthropy (magazine), Philanthropy, Summer 2012, Koch was a member of the board of directors of the Prostate Cancer Foundation and contributed $41 million to the foundation, including $5 million to a collaborative project in the field of nanotechnology.WEB,weblink David H. Koch – Prostate Cancer Foundation Nano-Medicine Gift Announced, PCF.org, October 12, 2007, June 10, 2015, WEB, Dolan, Kerry, Warren Buffett Has Plenty of Company Among Powerful in Battling Prostate Cancer,weblink Forbes, April 12, 2018, An eponym of the David H. Koch Chair of the Prostate Cancer Foundation, the position is held by Dr. Jonathan Simons.PRESS RELEASE, Clinical Data for World's First Truly Non-Invasive Prostate Cancer Test Published in JAMA Oncology,weblink Exosome Diagnostics, April 12, 2018, April 12, 2016, In 2006, Koch gave $20 million to Johns Hopkins University School of Medicine in Baltimore for cancer research. The building he financed was named the David H. Koch Cancer Research Building.WEB,weblink David Koch Gives $20 Million for Hopkins Cancer Research, hopkinsmedicine.org, In 2007, he contributed $100 million to the Massachusetts Institute of Technology for the construction of a new {{Convert|350000|sqft|m2|adj=on}} research and technology facility to serve as the home of the David H. Koch Institute for Integrative Cancer Research.WEB,weblink PDF, Empathy For Others, Kochfamilyfoundations.org, June 10, 2015,weblink" title="web.archive.org/web/20120311202401weblink">weblink March 11, 2012, dead, From the time he joined the MIT Corporation in 1988, Koch gave at least $185 million to MIT, $15 million to NewYork–Presbyterian Hospital Weill Cornell Medical CenterNEWS,weblink Institutional Gift, With a Catch, Sally, Beatty, October 9, 2007, The Wall Street Journal, subscription, and $30 million to the Memorial Sloan Kettering Cancer Center in New York City.In 2008, he donated $25 million to the University of Texas M. D. Anderson Cancer Center in Houston to establish the David Koch Center for Applied Research in Genitourinary Cancersweblink {{Webarchive|url=https://web.archive.org/web/20100402101312weblink|date=April 2, 2010}}In 2011 Koch gave $5 million to the House Ear Institute, in Los Angeles, to create a center for hearing restoration, and $25 million to the Hospital for Special Surgery in New York CityWEB, No. 45: David H. Koch,weblink The Chronicle of Philanthropy, October 8, 2011, WEB,weblink PDF, Discovery to Recovery : Clinical and Research Highlights at HSS, 2007, Joshfriedland.com, June 10, 2015, In 2013, he gave $100 million to NewYork–Presbyterian Hospital, the largest philanthropic donation in its history, beginning a $2 billion campaign to conclude in 2019 for a new ambulatory care center and renovation the infrastructure of the hospital's five sites.WEB, NewYork-Presbyterian, NewYork-Presbyterian Announces $100 Million Donation from David H. Koch – Largest in Hospital's History – to Fund Outpatient Facility on Manhattan's East Side,weblink June 1, 2013, April 2, 2013, In 2015, he committed $150 million to Memorial Sloan Kettering Cancer Center in New York City to build the David H. 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. The center will combine state-of-the-art cancer treatment in an environment that supports patients, families, and caregivers. The building will include flexible personal and community spaces, educational offerings, and opportunities for physical exercise.WEB,weblink Memorial Sloan Kettering Cancer Center Receives Record Gift of $150 million from David Koch for Innovative Patient Care Facility, May 20, 2015, May 20, 2015,

Wealth

Koch was the fourth-richest person in the United States in 2012 and was the wealthiest resident of New York City in 2013.NEWS, Forbes,weblink David Koch – Forbes, March 9, 2011, June 10, 2015, As of June 2019, Koch was ranked as the 11th-richest person in the world (tied with his brother Charles), with a fortune of $50.5 billion.WEB,weblink David Koch, June 2, 2019,

Personal life

(File:Fred with David and Julia Koch (1518448020).jpg|thumb|Fred Thompson poses with David Koch and his wife Julia.)Koch married Julia Flesher in 1996.NEWS,weblink Woman Ascending A Marble Staircase, Elizabeth, Bumiller, The New York Times, January 11, 1998, August 31, 2010, NEWS,weblink Weddings: Julia M. Flesher, David H. Koch, The New York Times, May 26, 1996, September 2, 2010, They had three children.NEWS, McFadden, Robert D., David Koch, Billionaire Who Fueled Right-Wing Movement, Dies at 79,weblink August 24, 2019, The New York Times, August 23, 2019, In February 1991, Koch was a passenger on board USAir Flight 1493 when it collided with another aircraft on a runway at Los Angeles International Airport, killing 35 people.NEWS,weblink 'Last in Line for the Exit', The New York Times, 1991-03-07, Koch survived and said in an interview in 2014 that it helped change his life and prompted him to become "tremendously philanthropic".WEB,weblink David Koch on the Plane Crash That Helped Change His Life, ABC News, 2014-12-15, Following Jacqueline Kennedy Onassis' death in 1994, Koch purchased her 15-room apartment at 1040 Fifth Avenue and in 2006 resold it to billionaire Glenn Dubin. Koch then moved to Onassis's childhood NYC home, 740 Park Avenue.WEB,weblink Jackie Flat Gets $32 M., June 26, 2006, In 1992, Koch was diagnosed with prostate cancer. He underwent radiation, surgery, and hormone therapy, but the cancer returned every time. Koch said he believed his experience with cancer encouraged him to fund medical research.{{Failed verification|date=August 2019}}Koch died at his home in Southampton, New York, on August 23, 2019, at the age of 79.NEWS,weblink David Koch, Billionaire Who Fueled Right-Wing Movement, Dies at 79, The New York Times, August 23, 2019, August 23, 2019, McFadden, Robert D., Robert D. McFadden, Koch's wife, Julia Koch, and their three children inherited a 42% stake in Koch Industries from Koch upon his death.WEB,weblink Julia Koch & family, October 22, 2019,

See also

References

{{Reflist}}

External links

{{Commons category}} {{Libertarian Party (United States)}}{{1980 United States presidential election}}{{Koch family}}{{Koch Industries}}{{Authority control}}

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GETWIKI 19 AUG 2014
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