David Koch Net Worth in 2019
David Koch Net Worth: How rich is David Koch? & How much money is David Koch worth? Time to find out!
Born in Wichita, Kansas as the third of four sons of Mary Clementine, and Fred Chase Koch, a chemical engineer, his elder brothers are Frederick R. Koch, Charles Koch, and a nineteen-minute younger twin, Bill Koch.
Koch married Julia Flesher in 1996. They had three children. In February 1991, Koch was a passenger onboard USAir Flight 1493 when it collided with another aircraft on a runway at Los Angeles International Airport, killing 35 people. Koch survived and said in an interview in 2014 that it helped change his life and prompted him to become "tremendously philanthropic".
(May 3, 1940 – 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 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.
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. 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. Koch also pledged $10 million to renovate fountains outside the Metropolitan Museum of Art.
Koch was a trustee of the American Ballet Theatre for 25 years and contributed more than $6 million to the theater. He was also a member of the Board of Trustees of WGBH-TV.
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. In 1992, Koch was diagnosed with prostate cancer. He underwent radiation, surgery, and hormone therapy, but cancer repeatedly returned. Koch said he believed his experience with cancer encouraged him to fund medical research.
Koch died at his home in Southampton, New York, on August 23, 2019, at the age of 79. Koch's wife, Julia Koch, and their three children inherited a 42% stake in Koch Industries from Koch upon his death.