About David Koch
It has recently been reported that David Koch net worth reached $41.5 billion and this makes him one out of 20 wealthiest people in the world. In addition to this, not so long ago Forbes magazine has included him into the list of 50 most influential people. Surely, for the most part David’s influence comes from his fortunes, which in turn, are generated by his company Koch Industries. But Koch has also established himself as an influential political activist and libertarian. In fact, his political views, as placed in a context of his business interests, have generated a lot of controversy. To be more particular, David has been repeatedly accused of promoting political ideas that are useful for his business, but harmful for the wider society. In the rest of this article we are going to discuss these accusations, the sources of David Koch net worth and some of the other topics concerning his personal and professional life.
As you may already know, David comes from an old and successful family. His parental grandfather Hotze (better known as Harry) Koch immigrated into the United States from Netherlands and founded a newspaper titled Quanah Tribune-Chief, as well as Quanah, Acme and Pacific Railway. David‘s father, Fred C. Koch, was a chemical engineer and entrepreneur who founded the oil refinery firm which later became known as Koch Industries. Just like his father, David has studied chemical engineering. He gained both bachelor’s and master‘s degrees from the Massachusetts Institute of Technology. Although David is arguably the richest and most influential of four siblings raised by Mary (née Robinson) and Fred Chase Koch, it is safe to say that his brothers fared well too: Frederick R. Koch, Charles Koch and David‘s twin Brother Bill are billionaires.
One could say that each of the brothers was born rich. But speaking about the personal David Koch net worth, and not that of his father, it started grow as he overtook and started managing Koch Industries, formerly known as Wood River Oil and Refining Company and Rock Island Oil & Refining Company. After establishing himself as a successful businessman, David has ventured into politics. He started as Libertarian Party’s vice-presidential candidate (by the way, he has famously described presidential elections as „mother of all wars“) and was later an active supporter of free market, deregulation, same sex marriages, stem cell research and variety of other ideas, some of which are considered vital for his company. However, the billionaire denies that the goal of his political activism is to make more money: „that is so ludicrous, I don’t know how they can say that with a straight face (…) We oppose as many or more things that would benefit us than would hurt us” – says David.