David Koch Net Worth

david koch net worth

American businessman, philanthropist, political activist, and chemical engineer. According to Forbes, David Koch Net Worth 2019 is $47.2 Billion in December 2018.

As everyone knows, he is the third of his four sons. His brother’s name is Frederick R. Koch, Charles Koch, who has a young twin. He is a co-owner (together with his brother Charles) and executive vice president of Koch Industries, the second-largest privately held company in the US (with sales exceeding $100 Billion). 2010 Forbes survey. Koch is the second richest man in New York City in 2010 and David Koch Net Worth 2019 is $47.2 Billion. David and his brothers Charles, Frederick, and William inherited their father’s Koch Industries after his death. His father, father Fred C. Koch (died 1967), invented a method of converting heavy oil into gasoline. In 1983, David and Charles acquired William and Frederick for $1.1 Billion. Today, their 42%-owned companies have invested in pipelines, refineries, fertilizers, fibres and polymers, forests and consumer goods, and chemical technologies.

Koch Industries has more than 120,000 employees in 60 countries and approximately 65,000 in the United States. In terms of private company revenue, it is second only to Cargill. Koch is headquartered in Wichita, Kan., and the company’s hometown.

Due to the fraternal competition, Koch Industries destroyed itself almost from the inside out. Two other Koch brothers, Frederick and William, attempted to make a hostile takeover of the company, which led Charles and David to acquire their brothers and sisters and other minority investors for $1.1 Billion in 1983.

Since 2006, the “Charity Chronicle” has called David Koch one of the top 50 philanthropists in the world. As of 2014, his achievements are the ninth richest man in the world.

David Koch Net Worth 2019 is $47.2 Billion. David was diagnosed with prostate cancer in the 1990s and recovered from a plane crash. His experience with cancer may provide information for his philanthropy; he has committed or donated more than $1.3 Billion to cancer research, medical centres, and public policy organizations.

He is an outstanding sponsor of the art world; the founder, known as the conservative and liberal political base, contains very few organizations in the American Tea Party movement.