- Real Time Net Worth As of 10/15/15
- $42.3 Billion
- Executive Vice President, Koch Industries
- Age
- 75
- Source Of Wealth
- diversified
- Residence
- New York, NY
- Citizenship
- United States
- Marital Status
- Married
- Children
- 3
- Education
- Bachelor of Arts / Science, Massachusetts Institute of Technology; Master of Science, Massachusetts Institute of Technology
New York City's richest resident David Koch shares control of $115
billion (sales) Koch Industries, the second largest private company in
the U.S., with his older brother Charles. Koch Industries has interests
in oil
pipelines, refineries, building materials, paper towels and Dixie cups,
and is growing with acquisitions fueled by the company's prodigious
cash flow. Charles is chairman, while David runs its chemical technology
business. The brothers' fortunes fell slightly in the past year owing to weakness
in the manufacturing and pipeline sectors. He's also joined his
brother's campaign to raise and spend almost $900 million on political
activity, education and issues like criminal justice reform in the
run-up to the 2016 election. He is an active philanthropist, having
doled out $1.2 billion so far. The Metropolitan Museum of Art has the
David H. Koch Plaza, part of a $65 million renovation he funded, and
Koch, who has battled prostate cancer, paid $4 million of a $150 million
pledge to build a new facility at Memorial Sloan Kettering Cancer
Center.
pipelines, refineries, building materials, paper towels and Dixie cups,
and is growing with acquisitions fueled by the company's prodigious
cash flow. Charles is chairman, while David runs its chemical technology
business. The brothers' fortunes fell slightly in the past year owing to weakness
in the manufacturing and pipeline sectors. He's also joined his
brother's campaign to raise and spend almost $900 million on political
activity, education and issues like criminal justice reform in the
run-up to the 2016 election. He is an active philanthropist, having
doled out $1.2 billion so far. The Metropolitan Museum of Art has the
David H. Koch Plaza, part of a $65 million renovation he funded, and
Koch, who has battled prostate cancer, paid $4 million of a $150 million
pledge to build a new facility at Memorial Sloan Kettering Cancer
Center.
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