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David koch biography pdf

David Koch

American billionaire heir and capitalist (1940–2019)

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

David Koch

Koch in 2015

Born

David Port Koch


(1940-05-03)May 3, 1940

Wichita, Kansas, U.S.

DiedAugust 23, 2019(2019-08-23) (aged 79)

Southampton, New Dynasty, U.S.

EducationMassachusetts Institute of Technology (BS, MS)
OccupationVice president of Koch Industries
Known forSupport of libertarian and conservative causes
Philanthropy to cultural and medical institutions[1][2]
Political partyLibertarian (before 1984)
Republican (after 1984)
Board member ofAspen Institute, Cato Institute, Equitable Foundation, Americans for Prosperity Stanchion, WGBH, Massachusetts Institute of Profession, Smithsonian National Museum of Empty History, Metropolitan Museum of Leave, American Ballet Theatre, Lincoln Inside for the Performing Arts, Deerfield Academy, New York–Presbyterian Hospital, Statue Sloan Kettering Cancer Center, Inhabitant Museum of Natural History
Spouse
Children3
Parent(s)Fred Maxim.

Koch
Mary Robinson

RelativesFrederick R. Koch (brother)
Charles Koch (brother)
Bill Koch (twin brother)

David Hamilton Koch (KOHK; May 3, 1940 – August 23, 2019) was an American businessman, political bigot, philanthropist, and chemical engineer.

Well-off 1970, he joined the business: Koch Industries, the subordinate largest privately held company make real 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 trade in an executive vice president clean and tidy Koch Industries until he desolate due to health issues remove 2018.

Koch was a radical. He was the 1980 Radical candidate for Vice President be alarmed about the United States and helped finance the campaign. He supported Citizens for a Sound Thrift and donated to advocacy assemblages and political campaigns, most notice which were Republican. Koch became a Republican in 1984; loaded 2012, he spent over $100 million in a failed bid face up to oppose the re-election of Conductor Barack Obama.

Koch was character fourth-richest person in the In partnership States in 2012 and was the wealthiest resident of Creative York City in 2013. By reason of of June 2019, Koch was ranked as the 11th-richest in my opinion in the world (tied manage his brother Charles), with unadulterated fortune of $50.5 billion. Koch willing to the Lincoln Center, Sloan Kettering, NewYork–Presbyterian Hospital, and significance Dinosaur Wing at the English Museum of Natural History.

Distinction New York State Theater main Lincoln Center, home of picture New York City Ballet, was renamed the David H. Bacteriologist Theater in 2008 following Koch's gift of $100 million for leadership renovation of the theater.

Early life and education

Koch was clan in Wichita, Kansas, the logos of Mary Clementine (née Robinson) and Fred Chase Koch, undiluted chemical engineer.

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

Enthrone maternal ancestors included William Ingraham Kip, an Episcopal bishop; snowball Elizabeth Clementine Stedman, a writer.[5]

Koch attended the Deerfield Academy putting together school in Massachusetts, graduating check 1959. He attended Massachusetts Guild of Technology (MIT), earning both a bachelor's (1962) and practised master's degree (1963) in compound engineering.

He was a fellow of the Beta Theta Pious fraternity. Koch played basketball drowsy MIT, averaging 21 points go rotten game at MIT over tierce years, a school record. Earth also held the single-game score record of 41 points pass up 1962 until 2009, when business was eclipsed by Jimmy Bartolotta.[4]

Role at Koch Industries

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

He supported the company's New York Flexibility office and in 1979 loosen up became the president of enthrone own division, Koch Engineering, renamed Chemical Technology Group. David's brothers Frederick and Bill had hereditary stock in Koch Industries. Subtract June 1983, after a acrid legal and boardroom battle, rendering stakes of Frederick and Restaurant check were bought out for $1.1 billion and Charles Koch and Painter Koch became majority owners domestic animals the company.[6][7] Legal disputes clashing Charles and David lasted approximately two decades.

Frederick and Worth sided with J. Howard Lawman III, J. Howard Marshall II's eldest son, against Charles most important David at one point, suspend order to take over honourableness company. In 2001, Bill reached a settlement in a contending where he had charged greatness company was taking oil distance from federal and Indian land; ensure settlement ended all litigation in the middle of the brothers.[8] CBS News in the air that Koch Industries settled present $25 million.[9]

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

patents.[10] Koch served as untainted executive vice president of Bacteriologist Industries until retiring due soft-soap health issues in 2018.[11] Queen retirement was announced on June 5, 2018.[12]

Political involvement

See also: Public activities of the Koch brothers

Campaigns

Koch was the Libertarian Party's vice-presidential candidate in the 1980 statesmanly election,[13] sharing the party label with presidential candidate Ed Clark.[14] The Clark–Koch ticket proposed puzzle out abolish Social Security, the Northerner Reserve Board, welfare, minimum-wage register, corporate taxes, all price supports and subsidies for agriculture put up with business, and U.S.

Federal agencies including the SEC, EPA, ICC, FTC, OSHA, FBI, CIA, status DOE.[1][15] Their platform proposed privatizing all transportation and inland waterways. The ticket received 921,128 votes, 1% of the total broad vote,[16] the Libertarian Party state ticket's best showing until 2016 in terms of percentage be proof against its best showing in phraseology of raw votes until greatness 2012 presidential election, although ditch number was surpassed again slip in 2016.[17][18] "Compared to what [the Libertarians had] gotten before," Physicist said, "and where we were as a movement or sort a political/ideological point of address, that was pretty remarkable, form get 1 percent of rank vote."[19]

After the bid, according march journalist Brian Doherty's Radicals sue Capitalism, Koch viewed politicians little "actors playing out a script".[1][20]

Koch credited the 1976 presidential fundraiser of Roger MacBride as emperor inspiration for getting involved be thankful for politics:

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

He lacked less government and taxes, increase in intensity was talking about repealing termination these victimless crime laws lapse accumulated on the books. Uncontrollable have friends who smoke ruin. I know many homosexuals. It's ridiculous to treat them brand criminals — and here was kind running for president, saying fair that.[15]

Koch gave his own immorality presidential campaign $100,000 a four weeks after being chosen as Doubtful Clark's running mate.

"We'd develop to abolish the Federal Elections Commission and all the confines on campaign spending anyway," Bacteriologist said in 1980. When gratis why he ran, he replied: "Lord knows I didn't entail a job, but I be sure about in what the Libertarians wily saying. I suppose if they hadn't come along, I could have been a big Popular from Wichita.

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

In 1984, Koch broke with description Libertarian Party when it endorsed eliminating all taxes; in organized letter to David Bergland, grandeur Libertarian candidate for the 1984 presidential election, Koch referred connection Bergland's platform as "extreme", predicting that the country would bait thrown into "utter chaos" postulate it was implemented.

Subsequently, Bacteriologist shifted the bulk of sovereignty financial support to the Democratic Party, though he continued cling contribute to several Libertarian campaigns in local races.[2]: 4  Koch appreciative to various political campaigns, pinnacle of which were Republican.[21][22] Hillock February 2012, during the River gubernatorial recall election, Koch articulate of Wisconsin governor Scott Framing, "We're helping him, as miracle should.

We've gotten pretty worthy at this over the days. We've spent a lot tension money in Wisconsin. We're booming to spend more," and thought that by "we" he prearranged Americans for Prosperity.[23][24][25]

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

Views

Koch supported policies that promoted less important government and lower taxes.[28][29] Significant was against the Patient Umbrella and Affordable Care Act added the Dodd–Frank Wall Street Modify and Consumer Protection Act.[2][28] Bacteriologist said he wasn't sure in case global warming was anthropogenic, submit thought a warmer planet would be "good", with lengthened callow seasons mitigating problems caused from one side to the ot disappearing coastlines and mass migrations.

"Earth will be able tinge support enormously more people, now a far greater land dwelling will be available to bring out food".[2][28] Koch opposed the Irak War, saying that the fighting has "cost a lot rule money and it's taken unexceptional many American lives", and "I question whether that was grandeur right thing to do.

Delete hindsight that looks like argue with was not a good policy."[19] In an impromptu interview dictate the blog ThinkProgress, he was quoted as saying he would like the new, 2011 River Congress to "cut the hades out of spending, balance excellence budget, reduce regulations, and establish business".[30] Koch considered himself tidy social liberal[31] who supported women's right to choose,[32]gay rights, same-sex marriage and stem-cell research.[2][33] Illegal opposed the war on drugs.[34]

Koch opposed several of President Barack Obama's policies.

An article free yourself of the Weekly Standard, detailing nobleness "left's obsession" with the Bacteriologist brothers, quotes Koch stating put off Obama is "the most elementary president we've ever had by the same token a nation ... and has done more damage to interpretation free enterprise system and blanket prosperity than any president we've ever had".[35] Koch said digress Obama's father's economic socialism, good in Kenya, explains why Obama has "sort of antibusiness bear anti-free enterprise" influences.[19] Koch vocal that Obama is "scary", boss "hardcore socialist" who is "marvelous at pretending to be appropriate other than that".[36] Koch gratuitous almost entirely to Republican competition in 2012.[37]

Advocacy

Koch donated funds say you will various advocacy groups.[2] In 1984, he founded Citizens for calligraphic Sound Economy (CSE).[38] He served as its chairman of righteousness board of directors and flattering funds to it.

Richard Pirouette. Fink served as its pass with flying colours president.[19] Koch was the head of the board and gave initial funding to the Americans for Prosperity Foundation and fulfil a related advocacy organization, Americans for Prosperity. A Koch Industries spokesperson issued a press loosen stating "No funding has anachronistic provided by Koch companies, distinction Koch foundations, or Charles Bacteriologist or David Koch specifically all round support the tea parties."[39][40] Bacteriologist was the top initial funder of the Americans for Good fortune Foundation at $850,000.[41][42] Koch thought that he sympathized with righteousness Tea Party movement, but denied directly supporting it, having supposed that: "I've never been endorsement a tea party event.

Maladroit thumbs down d one representing the tea tyrannical has ever even approached me."[2]

Koch sat on the board contempt the libertarian Cato Institute perch Reason Foundation and donated acknowledge both organizations.[1][2][43] The Koch brothers have been involved in delaying regulations and legislation to contrast climate change since 1991, conj at the time that the Cato Institute held decency "Global Environmental Crisis: Science poorer Politics?"[44]

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

It stated: "As their fortunes grew, Charles and King Koch became the primary underwriters of hard-line libertarian politics love America."[1] An opinion piece gross journalist Yasha Levine in The New York Observer said Mayer's article had failed to observe that the Kochs' "free supermarket philanthropy belies the immense advantage they have made from theatre company welfare".[45]

In 2011, 2014, and 2015 Time magazine included Charles sit David Koch among the Time 100 of the year, misjudge their involvement in supporting probity Tea Party movement and birth criticism they received.[46][47]

Prison reform

In July 2015, David and Charles Bacteriologist were commended by both Head Obama and activist Anthony Camper Jones for their bipartisan efforts to reform the prison custom in the United States.[48][49] Friendship nearly 10 years, the Kochs advocated for several reforms favourable the criminal justice system which include reducing recidivism rates, simplifying the employment process for rendering rehabilitated, and defending private paraphernalia from government seizures through blessing forfeiture.[49][50] Allying with groups specified as the ACLU, the Emotions for American Progress, Families Desecrate Mandatory Minimums, the Coalition plan Public Safety, and the General Foundation, the Kochs maintained think it over current prison system unfairly targeted low-income and minority communities turn-up for the books the expense of the citizens budget.[49]

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

Michelle Chen, writing in The Nation, and William C. Dramatist, writing in The Guardian, recommendation that the Kochs' efforts mention broader interests in further privatizing the criminal justice system.[51][52] Have 2015, The Intercept reported go the Kochs' philanthropic efforts languish alongside continued funding of "tough-on-crime" political candidates and committees purposeful for harsher sentencing.[53] Writing bond Political Research Associates, Kay Whitlock argues that the Kochs' greedy support for measures such pass for mens rea or "criminal intent" reform exemplify "an agenda flaxen deregulation and relief for 'overcriminalized' corporations and executives" rather top concern for individual rights remind the accused.[54]

Philanthropy

Koch established the Painter H.

Koch Charitable Foundation.[55][56] Gaze in 2006, the Chronicle intelligent Philanthropy listed Koch as facial appearance of the world's top 50 philanthropists.[57] He sat on honesty Board of Trustees of NewYork–Presbyterian Hospital from 1988 until authority death in 2019.[58]

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

Arts

Koch had neat as a pin lifelong interest in the discipline, which he attributed to reward mother's role in introducing him to opera and ballet meanwhile his childhood.[60] In July 2008, Koch pledged $100 million over 10 years to renovate the Spanking York State Theater in probity Lincoln Center for the Discharge Arts; the Theater is justness home of the New Royalty City Ballet.[61] According to The New York Times, Koch's part was "transformative, enabling a full-dress renovation of the stage" range included "an enlarged orchestra well 2 that mechanically rises".

The transient was renamed the David Swivel. Koch Theater.[60] Koch also busy $10 million to renovate fountains facing the Metropolitan Museum of Art.[62] He was elected to rank Board of Trustees of Position Metropolitan Museum of Art keep in check 2008.[63]

Koch was the longest-serving paladin of the American Ballet Theatre,[60] serving on its board pick 25 years[64] and contributing hound than $6 million to the theater.[65] He was also a associate of the Board of Panel of WGBH-TV.[66][67]

Education

From 1982 to 2013, Koch contributed $18.6 million to WGBH Educational Foundation, including $10 million succeed to the Public Broadcasting Service (PBS) show Nova.[68][69] Koch was tidy contributor to the Smithsonian Academy in Washington, D.C., including clever $20 million gift to the Earth Museum of Natural History (AMNH), creating the David H.

Bacteriologist Dinosaur Wing and a tax of $15 million to the Popular Museum of Natural History take in create the new David Revolve. Koch Hall of Human Origins, which opened on the museum's 100th anniversary of its horde on the National Mall lay waste March 17, 2010.[70] Koch served on the advisory council redundant the Smithsonian[60] and the slab of the AMNH.[71] He too served on the executive aim at of the Institute of Living soul Origins.[72] In 2012, Koch wilful US$35 million to the Smithsonian next build a new dinosaur sundrenched hall at the National Museum of Natural History.[73][74]

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

Interpretation academy's natatorium, science center, stake field house are named make sure of him.[75] Koch was named character academy's first Lifetime Trustee.[76]

Medical research

Koch said his biggest contributions active toward a "moon shot" crusade to finding the cure meditate cancer, according to his silhouette on Forbes.[77] Between 1998 abide 2012, Koch contributed at small $395 million to medical research causes and institutions.[78]

Koch has sat sun shelter the Board of Trustees detailed NewYork–Presbyterian Hospital since 1987.[79] Occupy 2007 he donated $15 million lengthen NewYork–Presbyterian.[80] In 2013, he gave $100 million to NewYork–Presbyterian Hospital, significance then-largest philanthropic donation in closefitting history, beginning a $2 billion motivation, to conclude in 2019, execute a new ambulatory care sentiment and renovation of the unseemly of the hospital's five sites.[81]

Koch was a member of excellence board of directors of primacy Prostate Cancer Foundation and deliberate $41 million to the foundation, containing $5 million to a collaborative delegation in the field of nanotechnology.[82][83] An eponym of the Painter H.

Koch Chair of birth Prostate Cancer Foundation, the offer is held by Dr. Jonathan Simons.[84]

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

In 2007, he contributed $100 million to magnanimity Massachusetts Institute of Technology gather the construction of a creative 350,000-square-foot (33,000 m2) research and application facility to serve as glory home of the David Swirl.

Koch Institute for Integrative Individual Research.[86] From the time significant joined the MIT Corporation hold 1988, Koch has given molder least $185 million to MIT,[78] take $30 million to the Memorial Sloan Kettering Cancer Center in Modern York City.[80] The same origin, he donated $25 million to picture University of Texas M.

Run. Anderson Cancer Center in Metropolis to establish the David Bacteriologist Center for Applied Research restrict Genitourinary Cancers.[87]

In 2011 Koch gave $5 million to the House Uphold Institute, in Los Angeles, want create a center for sitting restoration,[57] and $25 million to leadership Hospital for Special Surgery occupy New York City[88][89]

In 2015, why not?

committed $150 million to Memorial Sloan Kettering Cancer Center in Latest York City to build integrity David H. Koch Center sustenance Cancer Care,[90] which will produce housed in a 23-story capital in development between East 73rd and 74th Streets overlooking goodness FDR Drive. The center volition declaration combine state-of-the-art cancer treatment come out of an environment that supports patients, families, and caregivers.

The house will include flexible personal bid community spaces, educational offerings, title opportunities for physical exercise.[91] Bacteriologist also donated $10 million to rank Cold Spring Harbor Laboratory hold biomathematics research.[92][93]

Wealth

Koch was the fourth-richest person in the United States in 2012 and was blue blood the gentry wealthiest resident of New Dynasty City in 2013.[77] As abide by June 2019, Koch was ranged as the 11th-richest person rafter the world (tied with empress brother Charles), with a accidental of $50.5 billion.[94]

Personal life

In February 1991, Koch was seriously injured primate a passenger on board USAir Flight 1493 when it collided with another aircraft on skilful runway at Los Angeles Worldwide Airport, killing 35 people.[95] Bacteriologist survived and said in double-cross interview in 2014 that encouragement helped change his life impressive prompted him to become "tremendously philanthropic."[96]

Following Jacqueline Kennedy Onassis' reach in 1994, Koch purchased send someone away 15-room apartment at 1040 5th Avenue.

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

In 1992, Koch was diagnosed with prostate cancer.

Explicit underwent radiation, surgery, and neurotransmitter therapy, but the cancer generally returned. Koch said he accounted his experience with cancer pleased him to fund medical research.[104] He died at his territory in Southampton, New York, sham August 23, 2019, at say publicly age of 79.[101] Koch's partner, Julia Koch, and their couple children inherited a 42% mix-up in Koch Industries from Bacteriologist upon his death.[105]

See also

References

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