David Koch dies well

US billionaire David Koch has died

Washington - David Koch, US entrepreneur and major donor to the Republican Party, died on Friday at the age of 79. Charles Koch, chairman of Koch Industries Inc. and brother of David Koch, announced the death in a statement highlighting David Koch's philanthropic contributions to medical research, education and the arts.

With an estimated fortune of 50.5 billion dollars, he and his brother Charles ranked eleventh on the "Forbes" list of the richest people in the world. Koch made his fortune in the family company Koch Industries, which the three brothers took over from their father. Headquartered in Witchita, Kansas, the company is the second largest privately held company in the United States. David Koch resigned from business and political activities in June 2018. He referred to his health.

Koch stepped onto the political stage in 1980 as a candidate for the Vice-Presidency of the Libertarian Party. He and Ed Clark only got one percent of the vote. Afterwards, Koch and his brother Charles became major sponsors of the Republican Party and supported, among other things, the Tea Party movement. The Kochs donated at least $ 86 million to the election campaign of Republican Mitt Romney in 2012. The Koch brothers also founded the Americans for Prosperity advocacy group, which fights against taxes, Barack Obama's health care reform, and industry regulations. (red, 23.8.2019)