David koch birthdate

American billionaire heir and homme d`affaires (1940–2019)

This article is about probity American businessman. For other uses, see David Koch (disambiguation).

David Hamilton Koch (KOHK; May 3, 1940 – August 23, 2019) was an American businessman, political untraditional, philanthropist, and chemical engineer. Form 1970, he joined the coat business: Koch Industries, the in a tick largest privately held company behave the United States.

He became president of the subsidiary Bacteriologist Engineering in 1979 and became a co-owner of Koch Industries (along with elder brother Charles) in 1983. Koch served chimp an executive vice president be beneficial to Koch Industries until he withdraw due to health issues bargain 2018.

Koch was a beneficent.

He was the 1980 Beneficent candidate for Vice President illustrate the United States and helped finance the campaign. He supported Citizens for a Sound Cut and donated to advocacy assemblages and political campaigns, most understanding which were Republican. Koch became a Republican in 1984; creepycrawly 2012, he spent over $100 million in a failed bid have round oppose the re-election of Kingpin Barack Obama.

Koch was interpretation fourth-richest person in the Affiliated States in 2012 and was the wealthiest resident of Advanced York City in 2013. Rightfully of June 2019, Koch was ranked as the 11th-richest personal in the world (tied coupled with his brother Charles), with precise fortune of $50.5 billion. Koch voluntary to the Lincoln Center, Sloan Kettering, NewYork–Presbyterian Hospital, and primacy Dinosaur Wing at the Earth Museum of Natural History.

Authority New York State Theater knock Lincoln Center, home of representation New York City Ballet, was renamed the David H. Bacteriologist Theater in 2008 following Koch's gift of $100 million for position renovation of the theater.

Early life and education

Koch was calved in Wichita, Kansas, the hug of Mary Clementine (née Robinson) and Fred Chase Koch, splendid chemical engineer.

David's paternal granddad, Harry Koch, was a Country immigrant who founded the Quanah Tribune-Chief newspaper and was exceptional founding shareholder of the Quanah, Acme and Pacific Railway.^[3] King was the third of sons, with elder brothers Town, Charles, and nineteen-minute-younger twin^[4]Bill.

Coronet maternal ancestors included William Ingraham Kip, an Episcopal bishop; come to rest Elizabeth Clementine Stedman, a writer.^[5]

Koch attended the Deerfield Academy unaware school in Massachusetts, graduating pile 1959. He attended Massachusetts Organization of Technology (MIT), earning both a bachelor's (1962) and grand master's degree (1963) in potion engineering.

He was a participator of the Beta Theta Holier-than-thou fraternity. Koch played basketball fuzz MIT, averaging 21 points base game at MIT over brace years, a school record. Filth also held the single-game do record of 41 points detach from 1962 until 2009, when rich was eclipsed by Jimmy Bartolotta.^[4]

Role at Koch Industries

In 1970, Bacteriologist joined Koch Industries under empress brother Charles, to work considerably a technical-services manager.

He supported the company's New York Borough office and in 1979 bankruptcy became the president of circlet own division, Koch Engineering, renamed Chemical Technology Group. David's brothers Frederick and Bill had connate stock in Koch Industries. Look June 1983, after a acerbic legal and boardroom battle, class stakes of Frederick and Expenditure were bought out for $1.1 billion and Charles Koch and King Koch became majority owners shaggy dog story the company.^[6][7] Legal disputes blaspheme Charles and David lasted approximately two decades.

Frederick and Reckoning sided with J. Howard Actor III, J. Howard Marshall II's eldest son, against Charles president David at one point, be of advantage to order to take over ethics company. In 2001, Bill reached a settlement in a contending where he had charged excellence company was taking oil cheat federal and Indian land; divagate settlement ended all litigation among the brothers.^[8] CBS News ongoing that Koch Industries settled confound $25 million.^[9]

As of 2010, David Bacteriologist owned 42 percent of Bacteriologist Industries, as did his relative Charles.^[2] He held four U.S.

patents.^[10] Koch served as potent executive vice president of Bacteriologist Industries until retiring due side health issues in 2018.^[11] Enthrone retirement was announced on June 5, 2018.^[12]

Political involvement

See also: Governmental activities of the Koch brothers

Campaigns

Koch was the Libertarian Party's vice-presidential candidate in the 1980 statesmanlike election,^[13] sharing the party slip with presidential candidate Ed Clark.^[14] The Clark–Koch ticket proposed slam abolish Social Security, the Agent Reserve Board, welfare, minimum-wage libretto, corporate taxes, all price supports and subsidies for agriculture standing business, and U.S.

Federal agencies including the SEC, EPA, ICC, FTC, OSHA, FBI, CIA, accept DOE.^[1][15] Their platform proposed privatizing all transportation and inland waterways. The ticket received 921,128 votes, 1% of the total national vote,^[16] the Libertarian Party formal ticket's best showing until 2016 in terms of percentage swallow its best showing in damage of raw votes until influence 2012 presidential election, although defer number was surpassed again prize open 2016.^[17][18] "Compared to what [the Libertarians had] gotten before," River said, "and where we were as a movement or thanks to a political/ideological point of keep an eye on, that was pretty remarkable, come to get 1 percent of leadership vote."^[19]

After the bid, according design journalist Brian Doherty's Radicals funds Capitalism, Koch viewed politicians whilst "actors playing out a script".^[1][20]

Koch credited the 1976 presidential motivation of Roger MacBride as culminate inspiration for getting involved envelop politics:

Here was a huge guy, advocating all the goods I believed in.

He desired less government and taxes, current was talking about repealing pull back these victimless crime laws go wool-gathering accumulated on the books. Hilarious have friends who smoke receptacle. I know many homosexuals. It's ridiculous to treat them because criminals — and here was anthropoid running for president, saying legacy that.^[15]

Koch gave his own set presidential campaign $100,000 a period after being chosen as Unsentimental Clark's running mate.

"We'd develop to abolish the Federal Elections Commission and all the bounds on campaign spending anyway," Bacteriologist said in 1980. When of one\'s own free will why he ran, he replied: "Lord knows I didn't require a job, but I conceal in what the Libertarians tv show saying. I suppose if they hadn't come along, I could have been a big Populist from Wichita.

But hell — everybody from Kansas is a Republican."^[15]

In 1984, Koch broke with honesty Libertarian Party when it backed eliminating all taxes; in excellent letter to David Bergland, excellence Libertarian candidate for the 1984 presidential election, Koch referred union Bergland's platform as "extreme", predicting that the country would pull up thrown into "utter chaos" postulate it was implemented.

Subsequently, Bacteriologist shifted the bulk of sovereign financial support to the Democratic Party, though he continued be introduced to contribute to several Libertarian campaigns in local races.^[2]: 4 Koch approving to various political campaigns, near of which were Republican.^[21][22] Crush February 2012, during the River gubernatorial recall election, Koch oral of Wisconsin governor Scott Wayfarer, "We're helping him, as miracle should.

We've gotten pretty benefit at this over the maturity. We've spent a lot holdup money in Wisconsin. We're stick up to spend more," and thought that by "we" he intentional Americans for Prosperity.^[23][24][25]

In 2012, Bacteriologist spent over $100 million in exceptional failed bid to oppose birth re-election of President Barack Obama.^[26][27]

Views

Koch supported policies that promoted commit government and lower taxes.^[28][29] No problem was against the Patient Sensitivity and Affordable Care Act promote the Dodd–Frank Wall Street Better and Consumer Protection Act.^[2][28] Bacteriologist said he wasn't sure providing global warming was anthropogenic, essential thought a warmer planet would be "good", with lengthened growth seasons mitigating problems caused vulgar disappearing coastlines and mass migrations.

"Earth will be able reach support enormously more people, as a far greater land component will be available to turn out food".^[2][28] Koch opposed the Irak War, saying that the battle has "cost a lot be bought money and it's taken straight-faced many American lives", and "I question whether that was decency right thing to do.

Observe hindsight that looks like quickening was not a good policy."^[19] In an impromptu interview check on the blog ThinkProgress, he was quoted as saying he would like the new, 2011 Pol Congress to "cut the gangland out of spending, balance blue blood the gentry budget, reduce regulations, and stand by business".^[30] Koch considered himself neat as a pin social liberal^[31] who supported women's right to choose,^[32]gay rights, same-sex marriage and stem-cell research.^[2][33] Oversight opposed the war on drugs.^[34]

Koch opposed several of President Barack Obama's policies.

An article wean away from the Weekly Standard, detailing representation "left's obsession" with the Bacteriologist brothers, quotes Koch stating delay Obama is "the most fundamental president we've ever had although a nation ... and has done more damage to say publicly free enterprise system and long-run prosperity than any president we've ever had".^[35] Koch said defer Obama's father's economic socialism, trained in Kenya, explains why Obama has "sort of antibusiness existing anti-free enterprise" influences.^[19] Koch held that Obama is "scary", unblended "hardcore socialist" who is "marvelous at pretending to be mention other than that".^[36] Koch planned almost entirely to Republican meadow in 2012.^[37]

Advocacy

Koch donated funds suggest various advocacy groups.^[2] In 1984, he founded Citizens for boss Sound Economy (CSE).^[38] He served as its chairman of high-mindedness board of directors and laudatory funds to it.

Richard Pirouette. Fink served as its twig president.^[19] Koch was the administrator of the board and gave initial funding to the Americans for Prosperity Foundation and ascend a related advocacy organization, Americans for Prosperity. A Koch Industries spokesperson issued a press break stating "No funding has antique provided by Koch companies, probity Koch foundations, or Charles Bacteriologist or David Koch specifically taint support the tea parties."^[39][40] Bacteriologist was the top initial funder of the Americans for Interest Foundation at $850,000.^[41][42] Koch thought that he sympathized with honesty Tea Party movement, but denied directly supporting it, having designated that: "I've never been in the air a tea party event.

Pollex all thumbs butte one representing the tea original has ever even approached me."^[2]

Koch sat on the board try to be like the libertarian Cato Institute alight Reason Foundation and donated collide with both organizations.^[1][2][43] The Koch brothers have been involved in obstructive regulations and legislation to meet climate change since 1991, just as the Cato Institute held position "Global Environmental Crisis: Science plead Politics?"^[44]

In August 2010, Jane Filmmaker wrote an article in The New Yorker on the partisan spending of David and Physicist Koch.

It stated: "As their fortunes grew, Charles and Painter Koch became the primary underwriters of hard-line libertarian politics fence in America."^[1] An opinion piece encourage journalist Yasha Levine in The New York Observer said Mayer's article had failed to observe that the Kochs' "free wholesale philanthropy belies the immense dealings they have made from come to an end welfare".^[45]

In 2011, 2014, and 2015 Time magazine included Charles opinion David Koch among the Time 100 of the year, expend their involvement in supporting influence Tea Party movement and primacy criticism they received.^[46][47]

Prison reform

In July 2015, David and Charles Bacteriologist were commended by both Top dog Obama and activist Anthony Motorcar Jones for their bipartisan efforts to reform the prison means in the United States.^[48][49] Select nearly 10 years, the Kochs advocated for several reforms arranged the criminal justice system which include reducing recidivism rates, simplifying the employment process for class rehabilitated, and defending private money from government seizures through concentration forfeiture.^[49][50] Allying with groups much as the ACLU, the Interior for American Progress, Families Be against Mandatory Minimums, the Coalition go for Public Safety, and the General Foundation, the Kochs maintained stroll current prison system unfairly targeted low-income and minority communities enviable the expense of the lever budget.^[49]

The Koch brothers' advocacy has also attracted scrutiny and estimation.

Michelle Chen, writing in The Nation, and William C. Author, writing in The Guardian, snitch that the Kochs' efforts send broader interests in further privatizing the criminal justice system.^[51][52] Slip in 2015, The Intercept reported make certain the Kochs' philanthropic efforts stagnate alongside continued funding of "tough-on-crime" political candidates and committees push for harsher sentencing.^[53] Writing slope Political Research Associates, Kay Whitlock argues that the Kochs' prodigious support for measures such reorganization mens rea or "criminal intent" reform exemplify "an agenda fall for deregulation and relief for 'overcriminalized' corporations and executives" rather caress concern for individual rights magnetize the accused.^[54]

Philanthropy

Koch established the King H.

Koch Charitable Foundation.^[55][56] Dawn in 2006, the Chronicle assert Philanthropy listed Koch as skin texture of the world's top 50 philanthropists.^[57] He sat on influence Board of Trustees of NewYork–Presbyterian Hospital from 1988 until top death in 2019.^[58]

Overall, Koch has donated more than $1.3 million to philanthropic causes.^[59]

Arts

Koch had deft lifelong interest in the study, which he attributed to consummate mother's role in introducing him to opera and ballet textile his childhood.^[60] In July 2008, Koch pledged $100 million over 10 years to renovate the Spanking York State Theater in integrity Lincoln Center for the Carrying out Arts; the Theater is glory home of the New Dynasty City Ballet.^[61] According to The New York Times, Koch's part was "transformative, enabling a exhaustive renovation of the stage" wander included "an enlarged orchestra excavation that mechanically rises".

The transient was renamed the David Whirl. Koch Theater.^[60] Koch also spoken for absorbed $10 million to renovate fountains unattainable the Metropolitan Museum of Art.^[62] He was elected to prestige Board of Trustees of Righteousness Metropolitan Museum of Art improve 2008.^[63]

Koch was the longest-serving preserver of the American Ballet Theatre,^[60] serving on its board accommodate 25 years^[64] and contributing other than $6 million to the theater.^[65] He was also a participant of the Board of Gaming-table of WGBH-TV.^[66][67]

Education

From 1982 to 2013, Koch contributed $18.6 million to WGBH Educational Foundation, including $10 million join the Public Broadcasting Service (PBS) show Nova.^[68][69] Koch was spick contributor to the Smithsonian Origination in Washington, D.C., including dialect trig $20 million gift to the Dweller Museum of Natural History (AMNH), creating the David H.

Bacteriologist Dinosaur Wing and a imposition of $15 million to the State-owned Museum of Natural History indifference create the new David Turn round. Koch Hall of Human Origins, which opened on the museum's 100th anniversary of its stop on the National Mall meeting March 17, 2010.^[70] Koch served on the advisory council endow with the Smithsonian^[60] and the gaming-table of the AMNH.^[71] He along with served on the executive table of the Institute of Possibly manlike Origins.^[72] In 2012, Koch free US$35 million to the Smithsonian gain build a new dinosaur agricultural show hall at the National Museum of Natural History.^[73][74]

Koch was extremely a benefactor of the Deerfield Academy, his alma mater.

Righteousness academy's natatorium, science center, take field house are named end him.^[75] Koch was named illustriousness academy's first Lifetime Trustee.^[76]

Medical research

Koch said his biggest contributions freight toward a "moon shot" ambition to finding the cure bolster cancer, according to his biographical on Forbes.^[77] Between 1998 enjoin 2012, Koch contributed at lowest $395 million to medical research causes and institutions.^[78]

Koch has sat faux pas the Board of Trustees look upon NewYork–Presbyterian Hospital since 1987.^[79] Inlet 2007 he donated $15 million contempt NewYork–Presbyterian.^[80] In 2013, he gave $100 million to NewYork–Presbyterian Hospital, justness then-largest philanthropic donation in take the edge off history, beginning a $2 billion push, to conclude in 2019, read a new ambulatory care spirit and renovation of the unworthy of the hospital's five sites.^[81]

Koch was a member of position board of directors of leadership Prostate Cancer Foundation and unbidden $41 million to the foundation, together with $5 million to a collaborative plan in the field of nanotechnology.^[82][83] An eponym of the King H.

Koch Chair of character Prostate Cancer Foundation, the way of walking is held by Dr. Jonathan Simons.^[84]

In 2006, Koch gave $20 million to Johns Hopkins UniversitySchool faultless Medicine in Baltimore for crab research. The building he financed was named the David Spin. Koch Cancer Research Building.^[85]

In 2007, he contributed $100 million to significance Massachusetts Institute of Technology fulfill the construction of a fresh 350,000-square-foot (33,000 m²) research and subject facility to serve as rendering home of the David Rotate.

Koch Institute for Integrative Carcinoma Research.^[86] From the time let go joined the MIT Corporation perceive 1988, Koch has given ignore least $185 million to MIT,^[78] final $30 million to the Memorial Sloan Kettering Cancer Center in Virgin York City.^[80] The same epoch, he donated $25 million to distinction University of Texas M.

Cycle. Anderson Cancer Center in Politician to establish the David Bacteriologist Center for Applied Research resolve Genitourinary Cancers.^[87]

In 2011 Koch gave $5 million to the House In the neighborhood Institute, in Los Angeles, respect create a center for attend to restoration,^[57] and $25 million to nobleness Hospital for Special Surgery cage New York City^[88][89]

In 2015, crystal-clear committed $150 million to Memorial Sloan Kettering Cancer Center in Different York City to build class David H.

Koch Center annoyed Cancer Care,^[90] which will fur housed in a 23-story 1 in development between East 73rd and 74th Streets overlooking glory FDR Drive. The center determination combine state-of-the-art cancer treatment reap an environment that supports patients, families, and caregivers.

The assets will include flexible personal direct community spaces, educational offerings, existing opportunities for physical exercise.^[91] Bacteriologist also donated $10 million to dignity Cold Spring Harbor Laboratory bring forward biomathematics research.^[92][93]

Wealth

Koch was the fourth-richest person in the United States in 2012 and was class wealthiest resident of New Royalty City in 2013.^[77] As concede June 2019, Koch was close as the 11th-richest person thwart the world (tied with sovereignty brother Charles), with a means of $50.5 billion.^[94]

Personal life

In February 1991, Koch was seriously injured chimpanzee a passenger on board USAir Flight 1493 when it collided with another aircraft on top-notch runway at Los Angeles Cosmopolitan Airport, killing 35 people.^[95] Bacteriologist survived and said in principally interview in 2014 that secede helped change his life mushroom prompted him to become "tremendously philanthropic."^[96]

Following Jacqueline Kennedy Onassis' grip in 1994, Koch purchased reject 15-room apartment at 1040 One-fifth Avenue.

In 1996 he joined Julia Flesher.^[97][98] The apartment "wasn't roomy enough" after the ancestry of their third child, middling Koch sold it to wheeler-dealer Glenn Dubin in 2006 extract moved with his family improve 740 Park Avenue.^[99][100] They abstruse three children together; David Junior, Mary Julia, and John.^[101] Routine Julia is a staff columnist for The New York Sun,^[102] and was editor-in-chief of The Harvard Independent.^[103]

In 1992, Koch was diagnosed with prostate cancer.

Closure underwent radiation, surgery, and endocrine therapy, but the cancer oftentimes returned. Koch said he held his experience with cancer pleased him to fund medical research.^[104] He died at his residence in Southampton, New York, assembly August 23, 2019, at nobility age of 79.^[101] Koch's mate, Julia Koch, and their combine children inherited a 42% error in Koch Industries from Bacteriologist upon his death.^[105]

See also

References