David Koch Net Worth : $52.4 Billion
An American Business Tycoon, Co-owner and Executive Vice President of Koch Industries
Source of Wealth
Date of Birth
May 3, 1940
M.Sc. in Chemical Engineering from Massachusetts Institute of Technology
David Koch’s Income & Total Net Worth
David Koch is an American business tycoon, political activist, and a chemical engineer, who has amassed an estimated net worth of $52.4 billion. David serves as the co-owner and Executive Vice President of the Koch Industries.
Koch Industries is America’s second-largest privately held company, where, David handles the chemical equipment division. In 2012, his wealth mounted up to $9 billion primarily because of the profits related to refining and chemical surging.
In 2012, David Koch was the 4th most affluent and richest person in America and the second-richest native of New York.
Properties: Private Fortune
David Koch is the owner of four beautiful mansions; one is the $37 million property in Palm Beach, which shares a scenic beachfront beauty. Another is the Southampton’s $18 million home, which is spread in the area of 10,748-square feet. This business tycoon also owns a luxurious apartment in New York, which he bought for $9.5 million. Apart from all these, his most beautifully designed home is in Colorado, which is of $15 million.
David Koch’s Career
He was born in Wichita, Kansas. He earned his Bachelor’s and Master’s degree in Chemical Engineering from Massachusetts Institute of Technology. In 1970, he joined Koch Industries. He was also the vice-presidential candidate of the Libertarian Party in the presidential election of 1980. Currently, he is the Executive Vice President of Koch Industries.
David’s Philanthropic Activities
Being a businessman, David has also worked towards the wellbeing of the society. His “David H. Koch Charitable Foundation” has contributed millions towards medical centers, cancer research centers, arts, educational establishments, and cultural organizations. He has been listed as one of the top 5 philanthropists of the world by the Chronicle of Philanthropy, a biweekly newspaper.
David is among the Board of Directors of the Prostate Cancer Foundation and has donated about $41 million to the institution. He has also helped Massachusetts Institute of Technology in establishing a new 350,000-square feet building for research and technology facility.
In 2008, he donated almost $100 million for the refurbishment of the New York State Theatre, which is now called as the David H. Koch Theatre and has also provided assistance to the American Ballet Theatre.
His assistance towards the educational institutes includes the charitable aid to the Smithsonian Institution in Washington D.C., where he created his own wing of dinosaurs, and a donation of $15 million to the National Museum of Natural History to construct the new David H. Koch Hall of Human Origins. David also financed $68 million towards the mathematics, science and technology center of the Deerfield Academy and $10 million to the Cold Spring Harbour Laboratory.